All Forum Posts by: Anise Henry

i have n opportunity to invest in semidetached 1500 sq foot house in riggs park washington , dc.- I'm not using realestate agent but have discussed with friends in real estate business. The seller in a relative who inherited property and says she has investors offering her 440,000.

she is willing to sell to me if I match the investor, but it needs minimum 85,000-90,000 to renovate/update. I have a good and trusted contractor , plan to long term rent, but my loan is 20% down and 7.26 % interest. I plan to rent for 2900

it does not really cash flow about breaks even. i have 2  professionals say its a good deal due to area increasing cost; I have 2 professionals saying not a good deal. i have a rental in md. but this is my first investment purchase( lot of money to put up 100,000 for loan, 90,000 for rehab, then pay mortgage until rented)

Any advice

hello

I am new to RE investment. I am looking to purchase a rental unit in maryland . Which areas are the best neighborhoods for rental property.

I have a rental in PG so thinking this area... prefer passive income since I work fulltime but do not mind rehab at onset then rent and hold.

Besides numbers what are the best factors to consider like schools,crime, public transportation?

sorry forgot to add rental property in maryland

hello

I am new to RE investment. I am looking to purchase a rental unit. Which areas are the best neighborhoods for rental property.

I have a rental in PG so thinking this area... prefer passive income since I work fulltime but do not mind rehab at onset then rent and hold.

Besides numbers what are the best factors to consider like schools,crime, public transportation?