All Forum Posts by: Daniel Amsalem

We've got plenty of updates on our second house hack for this week's attendees.

Our basement should be getting drywall by next week (if not the end of this one). Meg has already begun buying some furnishings and I've written the first version of my Airbnb listing.

We've also lined up our first private money lender! That was the coolest (and most daunting) thing. Now we're finalizing the note paperwork with our lawyer.

I look forward to seeing you there!

I'll see you there @William HooFatt!

I love your due diligence. I did not know about the Tenant's Rights and Responsibilities form. I'm going to be looking into whether or not I got this signed by my tenant.

If you can, please share updates as they happen!

Reminder that today's the day of the meetup! 

Whether you're an experienced investor with dozens of doors or a newbie looking to buy their first house hack, we welcome you to NOVA REI meetup.

Personally, I'm stoked to say that the basement renovation is finally building some momentum. It looks like we'll be making some big moves next week! I hope to chat with some of you about it tonight.

We have a rental in Alexandria (the Fairfax side), specifically in the Huntington neighborhood that does well as an MTR. We've had a handful of nurses stay there since 2021, but it's not exclusive to them.

We're renovating the basement of our next house hack and it's in City of Alexandria closer to the existing Inova hospital and the new Landmark development. I expect it to do just as well.

Hey Max, my wife and I are new investors who right now are only buying in Alexandria, VA. We also cohost a monthly meetup in Tysons.

We've already got a realtor we've worked with and like. But we basically followed David Greene's advice for finding a realtor in Long-Distance Real Estate Investing.

Here's a summary of what we were looking for:

* An agent who has experience being a landlord/investor and so already shares our perspective (looks for opportunity rather than curb appeal)
* An agent who knows the Alexandria area well
* An agent who doesn't mind showing us many houses and writing a bunch of lower offers
* An agent who doesn't mind sharing their opinion about a property being wrong for us so we can move on to the next one

There are many great meetups here. I recommend checking out Omni's Cashflow Breakfast Club (there are a handful across NOVA). I like the GRID meetups. And there are a handful of others including one or two that meet at the Port City Brewery.

If you wanna check out mine, our next meetup is on June 5th.

Sorry that we missed the post for May! In addition to this June event, we've also got July posted here.

We had a tidy group of mostly regulars plus a handful of new folks. According to my wife, one gal was just getting started. Another fellow was a successful wholesaler.

As an update, I got all of my permits and have begun work on my basement!

May 1st is International Labor Day and there is nothing better than working on our portfolio! Join us in for the May installment of our real estate investor meetup.

Network, exchange knowledge, and inspiration in an environment that does not push products or services on its attendees.

Looking forward to seeing you there!

General update for folks! We had pretty major attendance in April's meetup.

Unfortunately, we don't have access to a Pro account. So until we get that resolved, you may not see further posts on BP!

That said, we're continuing to grow our group through Facebook and will continue posting there. Please check out our FB group here for regular event updates: https://www.facebook.com/groups/novarei

Recently discovered a limit in City of Alexandria on STR as well.

If you're operating an STR out of an ADU (includes basement ADUs) you can only STR up to 120 days/year. I believe there are workarounds. Possibly LTR your ADU and STR the main unit.

Or if you're in City of, and have the budget. Skip the ADU and opt for a duplex. A friend of mine in Arlington is paving the way (SFR -> duplex) and I'm sure our politicians in Alexandria will use his experience as precedent.