Posts by: wpadmin
How We Bought This Home in Falls Church Virginia when no one else would
A couple months back a realtor friend presented to me a property. It was a nice size rambler in the Lake Barcroft Subdivision of Falls Church Virginia. That is a great area that I know well. Homes there usually sell fast but this sellers could not find a buyer and was struggling to sell this…
Read MoreHOME FLIPPING PURCHASE PRICE FORMULA
In real estate, you make your money when you buy. It’s a common phrase in the business and no truer words have been spoken. Let that sink in. You make your money when you buy the property. Not when you sell. If you don’t buy the property right, at the right price and or terms…
Read MoreDC Home Prices & Increased Competition Make House Flipping Risky
House prices are going. Construction prices are going up while quality work is harder to find. More competition from newbie real estate investors. This all makes the D.C. area less attractive and more risky for House Flippers.
Read MoreFirst Time House Flipper Nightmare
Newbie real estate investor try’s his hand at house flipping in the D.C. Metro Area & learns some tough lessons.
Read MoreKids are Living at Home Longer, and They Should!
This is a much longer version of the watered down story I published in The Washington Post. I talk about how current political policies tend to stick it to the youngest generations.
Read MoreThe First Thing You Need to Know About Real Estate Investing
REAL ESTATE INVESTING IS RISKY AGGRAVATING BUSINESS. Don’t let the Guru’s tell you otherwise.
Read MoreI Flipped My First House
This housing market is changing rapidly. It’s becoming harder to make real estate investing — or as some call it flipping — deals work. I’m now paying more for the homes, more for the labor and materials and more for capital. My costs are going up faster than the values of renovated homes. My biggest…
Read MoreThe 4 Things You Need to be a Flipper
Sure anyone can flip a home but not without the proper resources.
To get started you need:
1-Money.. but not necessarily your own money.
2-Real Estate Knowledge… at least the basics.
3-Team of Experts to fill in the gaps. No one knows it all.
4-Courage. You need big brass balls if you’re going to jump neck deep into this business.
Building in Arlington County: Nightmare
Many people dream of building their own home. If your dream is to build yours in Arlington County then you need to be very careful in your planning, budgeting and team selection to avoid some of the snags I encountered. Of all the places in the Washington area where I’ve renovated homes or built homes,…
Read MoreChoosing Your Home Flipping Strategy
Back in May, I was presented with a little house over in Alexandria. The house was vacant and, of course, it was in really rough shape. It was also very small with only two bedrooms, one bathroom and a dated layout that would not appeal to the modern buyer. This little rambler had less than…
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