All Forum Posts by: Moe Rehman

Hi,

Can you add me as well to the next meet up. 

Best Regards,

Ali Rehman

Hi @Wayne Brooks

Thanks for the input. Trying to learn more. I have emailed and tried calling the agency yet to no avail.

I don't have an issue with knocking on doors but how do you even identify the address for properties that are will be sold at the courthouse auction?

Hopefully I can meet potential investors in this area that could help me learn more.

Hi Wayne,

Thanks for the input. Trying to learn more. I have emailed and tried calling the agency yet to no avail.

How do you knock on the door or even identify the address for properties that are will be sold at the courthouse auction? 

Hopefully I can meet potential investors in this area that could help me learn more. 

Hello, 

Sorry for the inconvenience, but I had a few questions regarding properties that are auctioned. 

I understand the thoroughness that is required when researching the title for these properties and the overall price. I would like to attend a few auctions to see how the process works and just learn more overall before starting to bid on properties?

I did a quick search online on "Fairfax county county foreclosure auction" and was able to sign up for the potential bidders list for real estate public auctions. However, does this include the sheriff sales as well? What is the difference?

How do you access the properties that will be auctioned at the court house in Northern Virignia/ Prince William County prior to the actual auction? I found an online link that shows all of the properties in "Foreclosure", "Pre-foreclosure", "Short Sale", "Sheriff Sale". However, it cost $99 a year. How do I know this is correct or that I"m not just paying for a random service? 

How often are these sales done? Is it once a week or once a month? Also, how do you get a pre-list of all the properties that will be sold at that auction? Any advice would be greatly appreicated? 

I greatly appreciate any feedback just trying to learn much as I can. 

Thanks.

Thanks for the feedback everyone. @Andrew Syrios The article was a huge help and will start to look at alternate properties. In addition, are there any other specific articles/podcasts/books you recommend. I'm currently finishing up "the book on rental property investing by Brandon Turner". My main concern is that in the current area I reside in and work, it is nearly impossible to afford anything unless its 200K plus with 200K being generous. Would you recommend that I start to look at properties out of state. 

Hi everyone,

Just wanted to start of by saying this site is great and has been a tremendous help and wanted to thank everyone that provides feedback on their investing experiences.. It has allowed me to learn so much more about real estate before making a major investment. So I have been looking at numerous properties for roughly 200-300K where I could afford the down payment and then use it as a rental property in the Northern Virginia area however, I will only be able to purchase one property. On the other hand, I have seen various properties significantly cheaper in baltimore which however appear to be in the worst neighborhoods that none would really want to live in. How hard is it to find tenants to rent to using Section 8. Is the number of vouchers given out for Section 8 properties limited and based on your experiences does it make any sense for me to invest in area where the houses are significantly cheaper as low as 25,000 and use them strictly as section 8 properties. Because this will allow me to make many more investments rather then buying one property every few years since 200-300K is so expensive. 

Thanks and I would appreciate any feedback. 

Hi @Jessica Swingle

Thanks for the feedback. My mother/brother currently live in a townhome in Fairfax Virginia and we wanted to purchase a bigger house for the family. My brother will be done with college in a two years and will be able to take over with the mortgage. As a result I wanted to rent the property out until then and ensure the per month mortgage is covered. In addition, I currently have no expenses and I travel extensively for work and can stay in corporate apartments and travel back on the weekends so I don’t have a need for a house for myself. Are there certain areas that you recommend that I look into Jessica to help me generate cash flow as this seems to be the better route then purchasing the property in South Riding?

@Joe Facenda - I greatly appreciate your feedback. The townhouse is not priced below market value. For me currently at this point, my main goal is to maximize my ROI. I think at this stage it would not be a wise investment for me to purchase the property in south riding since I will not be generating any cash flow. In addition Joe, I was informed by my real estate agent that since I'm a First Time homebuyer, I'm only required to put down a 3.5 percent down payment and I was pre approved for a 400K loan. Since our current area is so expensive, what areas would you recommend that I look at to purchase properties and rent them out? My long term goal is to build a portfolio that allows me to generate 80,000K a year.

Best Regards

Hi,

I needed some feed back regarding purchasing a townhouse in south riding for 420,000? Do you guys think this is a good investment? I currently have 30K as a down payment saved up and I plan on renting the property however, I don't think it will generate any cash flow. However, if the rent covers the house payments then after a few years my mother/brother can move in and start to make payments on the property. Or do you guys think its a better idea to find a significantly cheaper property in Stafford, VA or Manassas, VA and rent that out? Also I currently don't have any debt and make average salary of an engineer/consultant.

Please provide any feed back. 

Best Regards,

Hi @Russell Brazil

I'm currently looking for properties as investments, that I can purchase and rent out and generate some cash values from the property. However, finding a similar property in Northern Virginia is nearly impossible. I was thinking off further out in Stafford or Mannassass. 

Thanks,

@Hunter L.

I'm a new member and very interested in interesting in real estate. I was reading through the discussion on this post and was wondering have you had any luck with finding potential properties within the Northern VA area that you can rent out and potentially generate cash flow?

Thanks and I look forward to hearing from you.