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Washington D.C. Real Estate Q&A Discussion Forum
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Updated almost 5 years ago on . Most recent reply

User Stats

73
Posts
12
Votes
Rachan M.
  • Rental Property Investor
  • Washington, DC
12
Votes |
73
Posts

Help us make our first flip successful!!

Rachan M.
  • Rental Property Investor
  • Washington, DC
Posted

Happy Sunday to you all!

We are planning to jump in and try our hand at a flip in DC. We have identified a house and have worked out our ceiling of how much to pay for it. Would you chime in for a few questions we have?

  • We have been watching the trend.. some flips have gone smoothly i.e. remodeled in 3-4 months while others take 1+ year and involve multiple stop order notices. Do you think corruption in DC govt has a role to play in this?
  • How can we go about finding competent contractors, especially ones who have worked in DC before? What questions can we ask them to uncover any red flags?
  • We're in touch with an architect who has worked on at least one fast remodel. What questions can we ask them to uncover any red flags?

Thanks so much!

Most Popular Reply

User Stats

72
Posts
26
Votes
Dan Robinson
  • Investor
  • Alexandria, VA
26
Votes |
72
Posts
Dan Robinson
  • Investor
  • Alexandria, VA
Replied

I'm not sure what the scope of your project is, but it can easily take 3-4 months just to get permits in DC depending on the level of construction. And it's not corruption, it's just a lot of incompetence, red tape and and dozen different departments, utilities and inspectors you will need to schedule and coordinate.

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