Looking to connect with experienced fix and flippers in the NOVA

[Tommy Harper]

NOVA INVESTOR - Fairfax VA

Hello, I'm Tommy Harper. Rather new real estate investor, however I believe I already have a good bit of confidence in regards to analyzing a deal (I do financial analysis/modeling for a living) so i have the ability to think outside the box creatively. I do know a decent bit of creative finance strategies as well, at least enough to be dangerous. :) I understand my local market I believe, although it does take time to look closely at how much a property would sell for after repairs. I'm actively looking for fix/flips and BRRS now in the NOVA market and as someone new to this I'd like to actually take that first step. As you can understand about this market, finding a property that you can fix and flip or actually one worth holding, is a bit of a challenge. The opportunities that are worth anything can go fast, or actually finding something worthy of an investment vs calling it your primary home is a bit of a challenge. I'd love to network and actually talk w/ those who have done it in this market 

Please let me know if you have time to chat.  I can provide my phone # to better discuss. 

I've read some of the posts throughout bigger pocket, but I still have a few questions which I'd prefer to chat about, but they are related to things like: working w/ a contractor and expectations (budgeting, how detailed your estimates should be, working w/ the contract to communicate details of the job and if how often you actually have to visit/see the improvements), how do you select your contractor vs just picking one, HOW DO YOU GET THESE LEADS (I know various ways just seeing how you do because a good deal is challenging to find around here, not saying its impossible), , and what are your experiences w/ buy/holds as it relates to what are reasonable expectations for rents (are you meeting the 1% or near rule?), do you find it easier to rent per room or level vs to a family, how do you set your rents to manage risk (do you stick to 1 year leases, or 6 months and then just ride on a month to month in case if someone turns out to be a dud, etc.....and I've never tried STR in the NOVA area. I've seen live data but it looked inconsistent around here, so definitely would like to primarily chat about fix/flip and holds.