All Forum Posts by: Agyei Axum

@Russell Brazil This is an option after my lease is up in 11 months. Thanks for the feedback

Hey all,

So im living in DC and have about 35k cash saved up. I've been looking into house hacking, BRRR, flips, and just simple buy and holds. I've been analyzing commercial properties on a daily basis because i feel like analyzing 20units makes it easier for me to analyze 2-4. DC is so competitive for a new investor that it's forced me to look elsewhere (Delaware/Phili area) since i went to school in Dover DE. But i'm now looking and probably starting off with flips to build more capital so I can purchase more units. But from reading the forums...many suggest to not start out that way...and I can understand why. I have access to a solid contractor who is actually a family member, but I'm still not sure about that. I also just don't think that throwing my capital into a down payment would be the best use of my money starting off to cash flow a couple hundred a month...but maybe I'm wrong.

Been back and forth with this for a while, would like to hear your thoughts. Thanks.

Found this on Realtor.com — thoughts?

https://www.google.com/amp/s/www.realtor.com/news/trends/war-with-iran-heres-what-that-could-mean-for-the-u-s-housing-market.amp/

@Scott L. So , too early to tell . Keep eyes out in the upcoming months.

@Scott L. Realtor.com says : A war would certainly push down mortgage interest rates, and would probably affect home prices and the number of sales, with the extent of the impact depending on the severity and expected duration of the conflict.

@Lucy Iburg I don’t blame you.

@Scott L. Came here for an answer, very curious. Especially with what happened today.

Hey BP,

So I'm looking to gain more knowledge on the Dover and Wilmington markets. I went to school in Dover and graduated 2 years ago and live in DC but just don't see myself getting anything here right now. I really want to make sure the cash flow makes sense and I just dont think its a wise decision to make long term acq decisions based on hopes of appreciation. Like who knows that we see appreciation in markets like this 7 years from now that we saw in 09. I'd rather bank on cash flow hence why I'm looking at a market I lived in before. I'm looking towards student housing, military housing, and maybe housing for travel nurses? Hows cash flow? Anyone familiar with Dover or surrounding areas? I know there's DelReia but want to ask around on here first. Any info on Dover or surrounding areas would be great...considering Wilmington also , but I don't know that market and from what I'm reading on here , its block to block and tough to tell sometimes so I would have to find a realtor that either invests in that market or just has some experience there.

Thanks,

Haha Got it . Thanks for the advice! @Russell Brazil

What are your requirements when looking for an investor friendly realtor? What distinguished an I-F realtor from one who is not? Looking for one in the DC metro area at the moment and want to know what kind of questions to ask while ‘interviewing’ them other than ‘whats the cash flow per unit? cap rate? cash on cash?’ And yes , you should already know how to evaluate these without a realtor.