All Forum Posts by: Danny Lambert

Hello!
Yesterday I completed the sale of a long-distance rental and could only have maneuvered the complexity of the city's process and title difficulties with my truly excellent real estate agent. I would like to reward her with a tip and am wondering what would be appropriate. A gift certificate to a nice restaurant? If extra money, how much would be appropriate?
Her team also did some finishing touches on the rehab (such as arranging for the repair of a broken toilet and AC unit). For a base point, her commission was $3000.
Regards,
Danny

Hello fellow investors,

Sorry everyone for slacking and not posting for a few weeks. Happy New Year. I'm back providing you interesting new stories from the D.C. real estate world.

New requirements to license short-term rentals take effect in D.C.

The 5 Things To Know About D.C. Property Taxes

20-year-low in residential inventory and mortgage rates at their highest in almost two years. Bad news! But signs point to a strengthening apartment market in the D.C. area.

Buying in P.G. County is better than renting

D.C. To Receive Additional $17.7 Million In Federal Rental Assistance Funds

Keep up with issues specific to the region with @Russell Brazil and Jack Seidens' DC Real Estate Podcast (Episode 8 has a great review of the renting-by-the-room strategy) and the latest sales trends with @Cassidy Burns' D.M.V. Weekly Market Update.

I'll be attending Central Maryland REI Social January 27. There is also the Real Estate Local Meetup (D.M.V. area) January 20.

Great, would you let me know the details? I'd love to attend.

Hello fellow investors,

On today's episode of the real estate podcast, David talks about about avoiding areas for the BRRRR strategy with with wildly different ARVs. What other market characteristic suggest a particular area may be wrong for the strategy (in addition to avoiding expensive markets that no longer cash flow or markets with little industry and high unemployment)?

Thank you in advance!

Danny

Hello,

Since this is such a common investor question, I am curious whether software exists to identify zip codes where the one-percent rule applies (as an average). Perhaps propstream or mashvisor now provide this information?

Regards,

Danny

Happy holidays to my fellow DMV investors. Here are some interesting recent stories from the D.C. real estate world and beyond.

A flipping dip in D.C.

News from my neighborhood: The 6 Project Residential Pipeline Around DC’s Starburst Intersection 9 (that Safeway needs a serious update ;-) and Gallaudet’s Big Plans, 16 Acres Off New York Ave: The Residential Pipeline From Trinidad to Ivy City

293-Unit Development With Arts-Wrapped Garage at West Hyattsville Metro Gets Key Approval

The 10 DC-Area Neighborhoods Where Homes Sold Fastest in 2021

Metro Board Changes White Flint Station Name To North Bethesda

Keep up with issues specific to the region with @Russell Brazil and Jack Seidens' DC Real Estate Podcast and the latest sales trends with @Cassidy Burns ' DMV Weekly Market Update.

Thank you, @Tanner Cohen. Another ally who also has extensive real estate knowledge backs up your guidance about warrant-ability, and it is quite helpful. Is there a site you would recommend to research warrant-ability? I could not find one through Google.

I've lost track of what the associate and underwriter are discussing, whether it's the budget or resolved legal action. Each party complains about the other more than provides actual substance. :-)

Dear Fellow Investors,

In your experience, is a cash-out refinance anymore complicated or expensive for a rental condo than a cash-out refinance for a rental house? Does it make a difference if the condo association in question is not FHA certified? For context, I do not want to lose a good deal on a rental condo that's not FHA certified. The deal is stuck because the association's management and underwriter have been going back and forth with inquiries going on three weeks now. But if I ditch the loan and buy with all cash, I also want to cash out refinance 65% of the purchase price with competitive terms.

Thank you and happy holidays!

Danny

Happy Holidays to my fellow DMV investors. Here are some interesting recent stories from the D.C. real estate world and beyond.

DC Council Takes First Vote on Ward Redistricting

Apartment rent and occupancy set new records in November

New apartments in Southwest Washington to share space with a church

Keep up with issues specific to the region with @Russell Brazil and Jack Seidens' DC Real Estate Podcast and the latest sales trends with @Cassidy Burns ' DMV Weekly Market Update.

Hello Fellow DMV investors,

Here are some interesting recent stories from the D.C. real estate world and beyond.

Final Map of New Ward Boundaries Released

The Final Plan to Redevelop Greenleaf in Southwest DC

The DropOffer app makes it easier to buy unlisted homes

$19.3 billion in infrastructure-bill money to flow D.C., Virginia, andMaryland combined

Keep up with issues specific to the region with @Russell Brazil and Jack Seidens' DC Real Estate Podcast and the latest sales trends with @Cassidy Burns ' DMV Weekly Market Update.