All Forum Posts by: Dominic M.

Hi Grace, your goal of getting into real estate is admirable. Selling your business to fund a triplex purchase is a significant decision. Consider the potential returns from the triplex versus the current and future value of your business. It might be helpful to consult a financial advisor to weigh the pros and cons. Good luck!

Thank you for sharing this data - Do you think this trend will continue? or is it too soon to tell if there will be downward pressure in the next few months, given the current trends?

It's fascinating to look back at the 1970s-1980s and consider the impact of high inflation and interest rates on real estate investing. Those were challenging times, but they also presented unique opportunities for investors who could navigate the market conditions. I'm interested in hearing about creative finance transactions during this era.

Thank you for sharing your experience with entitlement projects. It's impressive to see the success and the significant returns you've achieved through these deals. Your insights into the importance of a knowledgeable capital partner and the potential of these projects are valuable. It's inspiring to see how these opportunities can lead to substantial profits for both the investor and the client. I'm curious about how you identify and evaluate these opportunities. Do you have any specific criteria or strategies that you find particularly effective?

I appreciate the insights shared in this post about the potential impact of Trump's policies on the real estate market. It's interesting to consider how changes in immigration and tariffs could influence demand and operating costs. While there are differing opinions on the extent of these effects, it's crucial to stay informed and adapt to the evolving market conditions. I'm curious to see how these factors will play out in the coming years and how they might present opportunities or challenges for investors.

Washington, DC Real Estate Market Update: January 2025📊 Market Trends:

• New Listings: Increased by 135 units (14.49%) compared to January 2024.
• Listed Median Price: Rose by $25,000 (4%) to $650,000.
• Units Sold: Went up by 87 units (23.58%) from last year.
• Sold Median Price: Decreased by $54,000 (8.93%) to $551,000.

🏠 Mortgage Rates:

• January 2025: 30-Year FRM: 6.93%, 15-Year FRM: 6.14%
• January 2024: 30-Year FRM: 6.62%, 15-Year FRM: 5.89%

Summary: The increase in new listings indicates a rise in supply year-over-year. The median listing price's upward trend suggests higher asking prices, while the decrease in sold median prices reflects a potential shift in buyer negotiation power or market adjustments. Higher mortgage rates in January 2025 compared to January 2024 may impact buyer demand and affordability.

❓ Question: How do you think the current mortgage rates and market trends will influence buyer behavior in the coming months?

Not all PMs are created equally. You'll find the individual agent with little to no team. The PM company with a team but is a set it and forget it PM. The PM company that is fully integrated and a true partner. (They should invest and be managing their own portfolio - imo). They should have and accounting department, maintenance department, leasing department, tenant relations, property manager, assistant property manager and legal (in house or 3rd party). In essence they are a PM and asset manager, with the goal of ensuring your asset is optimally performing. Valuable feedback from both @Amber Forkey and@Bill B. here 

It's one lease agreement? For non payment of rent, follow your lease and retain an eviction attorney. Ask he/she legal questions surrounding the security deposit before making any rash decisions.

IMO - Proceed with the eviction process as soon as legally possible. Negotiate alternatives thereafter, but start the clock. 

Your offer should be based on your DD and modeling the deal following your investment thesis. As opposed to someone selling you on their vision/ thesis. I would nail down your investment thesis and underwriting to decide if it's a good deal or not. 

@Tyler Garza my suggestion would be to follow the the latter path. Connect with wholesalers and investor friendly agents. Seek rent/ish ready properties at a slight discount to market value. Underwrite with conservative assumptions. Acquire with DSCR loans and/or creative financing. Interview many property managers to find the best one (they can be a deal flow source too). Essentially, if you have the cash/equity, and buying 1/2 per year with a long term vision, I would keep it simple.