All Forum Posts by: Cassidy Burns

Welcome! I'd start with attending local investor meet ups. We host one every month in Alexandria, VA

I'd recommend attending investor meet ups. We host one in Alexandria, VA every month! Hope to see you at the next one.

Welcome ! Best of luck on your journey, the DMV in my opinion is still one of the strongest markets in the US to get started in.  

Welcome @Timothy Lawrence, step in the right direction. 

My recommendations for house hackers right now are townhomes in particular NOVA locations. The big hurdle you will have to overcome is qualifying for particular price points. Typically Conventional will end 42% of DTI and FHA can get up to 51% DTI (and based on your credit score I think you should stretch to that 51%)

Just a few things to start thinking about as you are working through the process. 

@David Cherkowsky reach back out to us, we can help you make these decisions! 

Hey Ken, yes, total net profit is $25,000.

Closing costs, holding costs, closing costs .  We do not factor in capital gains tax in our final net profit projection 

Hope that helps!  

Investment Info:

Single-family residence fix & flip investment.

Purchase price: $55,000

Fix and Flip Purchase. Lead was brought to us through Facebook sphere. $25,000 rehab budget, will have on the market in less than 45 days

What made you interested in investing in this type of deal?

100% Financing on acquit ion + construction. Will have cosmetic rehab complete in less than 45 days

How did you find this deal and how did you negotiate it?

Facebook Sphere

How did you finance this deal?

Hard Money Lender 100% LTC

How did you add value to the deal?

Bought under assessed value, slight value add through cosmetic rehab (paint, light fixtures, flooring)

What was the outcome?

Projected Profit: $25,000.

Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?

Cassidy Burns and BPG Residential

📢 Reminder: BPG's Investor MeetUp is in two days! ⏳

🗓 December 18
🕕 6 - 8 PM
💻 Virtual via Zoom

Topic: Multifamily Syndications
Host: Cassidy Burns
Guest Speaker: Isaac Weinberger, Cost Segregation Expert

What You’ll Learn:
- Multifamily syndication insights
- Successful investment strategies

🚀 Don’t miss this opportunity to elevate your investment game!

👉 Register now: https://zoom.us/meeting/register/tJYlde-tqD0rH9NFYUoqIbQjVG2thFvo2X_I

Welcome @Sean L.! 

I'd recommend starting to attend meet ups and networking with individuals. Face to face interactions is how you will build lasting relationships! 

Hi, I would highly recommend reaching out to @Michael H. Cook , he's an expert on the mountain. 

He's also written a few great articles on it.