All Forum Posts by: Ahsan Lake

@Dan Bernstein

Thanks for reaching out. I will message you. 

I've been able to locate a number of properties in the surrounding areas, eg. Eastern Panhandle WV, Winchester, and Frederick/Hagerstown. Has anyone explored those markets?

When you started out, what type of financial shape were you in? What was your combined income when you started? 

Another question for the board, are successes like these possible on the East Coast? I know I'm not going to be able to buy houses that fast in northern virginia.

@Valerie Hiscoe

That's a pretty great idea, I've been searching the area based on those requirements. I'm interested to know what the legal standard is for the Northern Virginia area when it comes to zoning laws.

Any Real Estate Agents that focus on investments on here that would like to work with me? I've got another project that I have some partnered cash that I'm in the beginning phases of planning out.

@Valerie Hiscoe

Thanks for the input, it looks like what you and Russell are suggesting in terms of renting out a lower level is the prevailing option in the area.

@Russell Brazil

So it looks like our type of house hacking isn't a reality in Northern Virginia. From the little I've read so far, I am getting the impression that my area of Northern Virginia is not a good area to start for real estate investing. Do you see beginners with less money in the bank starting out further into Virginia/MD? I could very well be wrong, it's just my very impressions when looking into what we can do starting out.

@Brandon L. 

We would like to be way below our price range which tops out at around 600K. We have always targeted a much lower home price to not stretch our budget and allow plenty of money to save for investments and building long-term wealth. A more expensive property would not be out of the question if we can recoup a lot of the costs in house hacking.

@Russell Brazil

Do you see these townhouses as almost separate units when it comes down to renting a basement? Our comfort level with renting to other people would break if they were sharing a kitchen with us or anything other than laundry in the end. I've always liked the idea of a MFH when it came down to having very little interaction with the tenant other than being their landlord. Less of a roomate vibe and more of a tenant.

@Chris Gibbs 

From a Northern Virginian's standpoint there isn't much of MFH in this area. I wonder what people in this area do?

I've got about 20K saved up, I'm looking to house hack in Northern virgnia. However, I am living with my girlfriend and we would rather have some sort of separation between the living spaces. Being that MFH are non-existent here, what options do I have? I am commuting to Tysons so I'd like to keep the commute under an hour. Any ideas?

I'll bite,

What was your net profit?

Subscribed. I'm interested in how this investment is viewed.