In my last post I talked about real estate market in Woodbridge Virginia and how it has evolved over the past ten years from a dead zone into a highly competitive market of investors and retail buyers. In order to get the deals in the market you have to pound the pavement. One of the…Read More
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 More
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 More
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 More
Newbie real estate investor try’s his hand at house flipping in the D.C. Metro Area & learns some tough lessons.Read More
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.
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 More
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…Read More