All Forum Posts by: Ben Payano

Hey @Ben Payano! I wouldn't sit on the money. Just deploy it safely and increase the velocity on your cash.

Try networking as much as you can with local investors and with investors on here to find a rockstar agent. Agent's are an invaluable team member who can focus on finding you deals, while you focus on the bigger picture items.

Congrats thus far!!

Great suggestion @Jake Stuttgen. Thanks for the advice. Cheers!

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Just sold the first property I purchased and after everything, I netted over $100k. I'm thinking of re-investing by purchasing at least 2 other investment properties, rehabbing, and renting them out. Is there a strategy for finding a good real estate agent to help me find these properties. Should I even look for one? Or should I sit on this money and wait for the market to crash? Any advise helps, thanks.

BTW: I'm currently located in Baltimore, MD.

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Originally posted by @Russell Brazil:

DC has the highest incomes in the entire country....but is only about the 5th or 6th most expensive, so DC is actually a pretty good value. Housing trades at only 4.5x income, far below Boston, NYC, Seattle, San Fran, LA etc.

Anacostia is high risk high reward. Last 3 years has had the highest appreciation in the area, but with that comes high risk (relativel to the area)

Great info Russell, didn't know DC Housing was good in comparison to other cities. Guess I need to find more information before I jump in and take the risk.

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Originally posted by @Shadonna N.:

It really depends on what you are comparing it to. There are some people on the forum who hate Anacostia and all things Southeast. It think it is a good area to invest. Outside of a condo, it is getting hard to find a single family home under $350K.

I agree. Logistically, it makes sense to invest in the area. I figure if a lot of us go all in it can turn into the next Del Rey or Cristal City.

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Hello,

The DC/Northern VA market is going absolutely insane due to Amazon's HQ2 and it's causing a tough situation for regular home buyers. I'm looking for some suggestions on whether I should buy or not and where. There is a neighborhood that's in proximity to everything called South East Washington (Anacostia) that seems to be known as a ghetto/very bad area. Would anyone suggest to invest in this area? Would you gamble?

Details I'm looking at: Budget is 350k; 3+ BR, 2+ BA; Single-Family Home or Townhome; Low HOA; Also looking to rent rooms (House Hack).

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@Erwin F. Only if chicks would dig the Promaster

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@Andrew Harrell I'm renting it out for $2995. Sure man, who do you know?

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@Will Gates The comps man.

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@Nelson Del Castillo Still asking myself if I can afford this one.

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All Forum Posts by: Ben Payano

Ben Payano has started 4 posts and replied 35 times.

Post: $100,000.00 Plus in cash, now WHAT?

Post: $100,000.00 Plus in cash, now WHAT?

Post: $100,000.00 Plus in cash, now WHAT?

Post: DC Market Is CRAZY!! 300k Will Get You Nothing

Post: DC Market Is CRAZY!! 300k Will Get You Nothing

Post: DC Market Is CRAZY!! 300k Will Get You Nothing

Post: $800 Negative Cash FLOW Per Month Should I Still Hold?

Post: $800 Negative Cash FLOW Per Month Should I Still Hold?

Post: $800 Negative Cash FLOW Per Month Should I Still Hold?

Post: $800 Negative Cash FLOW Per Month Should I Still Hold?