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Updated over 3 years ago on . Most recent reply

James Chen's profile image
James Chen's profile image
James Chen
  • New to Real Estate
  • from Vienna, VA
  • Member since Aug 15, 2021
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James Chen's profile image
James Chen's profile image
James Chen
  • New to Real Estate
  • from Vienna, VA
  • Member since Aug 15, 2021
Connect
James Chen
  • New to Real Estate
  • Vienna, VA
1
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3
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Virginia Real Estate Q&A Discussion Forum

BRRRR+Section 8 Twist in NoVA?

James Chen
  • New to Real Estate
  • Vienna, VA
Posted

Hello all,

I listened to Dr. Joe Asamoah's two interviews on the BP podcast (#356 and #498) and was quite inspired by what he's doing. Does anyone have any insights or experience with trying out this strategy in the NoVA area?

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    Richard Mollel's profile image
    Richard Mollel's profile image
    Richard Mollel
    • Real Estate Agent
    • from Bowie, Maryland
    • Member since Aug 9, 2015
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    Richard Mollel's profile image
    Richard Mollel
    • Real Estate Agent
    • from Bowie, Maryland
    • Member since Aug 9, 2015
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    Richard Mollel
    • Real Estate Agent
    • Bowie, MD
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    Richard Mollel
    • Real Estate Agent
    • Bowie, MD
    Replied

    As for section 8 they only pay over the top in areas with limited inventory available and high demand.
    For Bowie, out of the four zip codes, 20715 & 20720 have the highest above market rents, while 20716 pays slightly below market rent, and 20721 is almost at par.

    https://www.princegeorgescount...

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