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All Forum Posts by: George Peng

George Peng has started 0 posts and replied 2 times.

Classifieds

Post: Seeking Private Lender

George PengPosted
  • Wholesaler
  • Washington, DC
  • Posts 4
  • Votes 0

Hey Joy! 

Just seeing if you found a private lender in DC yet?? I help investors find properties in DC/MD/VA but I have some private lenders that have worked with my investors in the area. Please don't hesitate to reach out!

0 Votes
Real Estate Deal Analysis & Advice

Post: Analysis Paralysis - Help Needed to Make My First Deal

George PengPosted
  • Wholesaler
  • Washington, DC
  • Posts 4
  • Votes 0

Hey Anne! 

Out of curiosity, which markets have you identified? 

Also, do you have any idea what you'd like to do in terms of the method of investing? The two big ones are:

-Buy-And-Hold: makes money by renting out the property. Passive income, but much slower to see returns. Property should (hopefully) appreciate over the time you own it. 

or 

-Buy-And-Flip: makes money by selling the property. It's a faster way to build up capital. 

Both methods require finding a property that makes sense for your risk tolerance, purchase ability, etc. Working with someone with proper knowledge about the market you're looking in is imperative for this. Wishing you best of luck on your journey and please reach out with any questions! 

0 Votes
Washington, DC