All Forum Posts by: Amar Amar

I urge you to look at the data.  Here in the Charlotte area, we have the following-

https://www.carolinahome.com/market-data/monthly-reports

For instance, check out the closed sales in Nov.'23 vs. Nov. '21.  Down a ton.  Be careful jumping into this bubble or don't jump in at all would be my advice.

 RIght now I am not investing in NOVA. I have some properties in silver spring which have done really well. I am waiting right now for things to soften and will look to buy inside the beltway. While expensive, long term appreciation is my play even if initially I have slightly negative cash flow but have someone paying down my principal and most of my interest. Within 2-3 years I have had those turn cash flow positive and appreciated very nicely and this was also before the insane covid increases

 We looked into this area in the past and besides the college rentals it is not a great area to own rentals. THis was several years ago but most areas were C class tenants, high turnover. It looks like it will cashflow on paper but does it? that is the question. 

Times could have changed, but that is my honest opinion.

Really appreciate if anyone familiar with the area or has rental properties in HDG can share your thoughts. Is it possible to get a rent of ~$2700 for a nice brand new 4BR townhome in HDG?

Is there demand for rentals in that area? Zillow has limited data. 

Thank you!

The only good option I see is to build the closet straight across and move the door down to the angled wall.

Yes that is a cash out refinance, and yes you have to wait 6 months to get the full LTV. Local banks who offer commercial loans do not offer 30 year amortization schedules, you will most likely be on a 20 or 15 year increasing your monthly payments.