All Forum Posts by: Eric DeVito

@Aimee Parker how does one find this type of partner since I am not from that or know anyone in the real estate game there. Thank you for the title information, I will keep that in mind. 

@Jonathan Greene I understand what your saying. I’m working on talking to a investor friendly agent over the phone first to talk about my plans and see if they can help me. I am looking locally but it is hard in this market in northern Virginia to buy in. Ohio markets a lot cheaper to get in the investment game. 

@Joe Aiola thanks for the advice

Hello all, I currently reside in Northern Virginia, recently relocated from NYC. Just finished selling my primary home in NYC which I had for 5 years and appreciated nicely. Made about $150,000 in profits. I now will have around $200,000 in savings. I’m looking to flip and fix out of state in areas such as Cincinnati/Dayton, OH. I am interested in buy&hold as well but want to give flips a shot. My main concerns/questions are:

1) What are the steps I need to take and also how do I even go about finding homes that can be flipped for profit in a market I have no idea about.

2) How to determine ARV in a market I know nothing about? (This questions probably ties into question 1)

2) How to estimate rehab cost when I don’t know anything about construction.

3) How to make sure all this goes smoothly as an out of state investor.

I am interested in investing in Indy as well. Currently reside in Northern Virginia. 

Hello all, I am located in Northern, VA. Think about going out of state to invest. What steps to take? What are best markets for new investor in 2020? Interested in using VA loan for 2-4 unit Multifamily. Thanks

@David Fernandez hello sir. Yes well looking to use VA loan to house back 2-4 unit property. I realized after some research not much in NOVA area. Where should I look? Baltimore I was thinking? Any other options? Also how do you calculate the 1-2% rule?

@Helen Lowery thank you for the tips! So is their or a guide or something in regards to how I can find if a property will cash flow or meet the “1% or 2%” rule?

@Twana Rasoul Thank you! I was thinking that but hard to find 4plex near me. Any recommendations where to look? I’m in northern Virginia? 

Hello, great to be here. Army veteran, just moved a few months ago from NYC to Northern VA. Looking to get into small multi family 2-4 unit using VA loan.