All Forum Posts by: Howard Spector

@Steve Tom awesome, thank you very much!

@Steve Tom hello, I am currently in the process of purchasing my first Multi Famiky property. Where do you list your properties to find renters? I was thinking Zillow and Facebook but wanted to confirm. Thank you!

@Jonathan Avellaneda do you find that furnished finder is the best site to use for 2-6 month rentals? Are there other sites you like for that as well?

@Russell Brazil thanks for the feedback, I really appreciate it. I definitely understand what you are saying here. I would say that it feels like there is risk associated on "betting" the value of the house and rents will continue to rise in the DC area. The trends give me confidence that appreciation will continue in the DC/NOVA area though for sure.

Hello,

I have lived in Baltimore for about 4 years and know the area very well. I have just recently moved to the Northen Virginia area and am still learning the best places to invest around here.

My question is, has anyone had any experience investing in the nice areas of Baltimore (Fells Point, Canton, Hampden, Federal Hill) or the Northern Virginia area?

It seems to me that Baltimore has the better opportunity for Cash flow while having A or B class renters. The downside would be that appreciation would not be great.

Northern Virgina/DC seems super difficult cash flow wise because the home prices are so high and the HOA fees in so many neighborhoods. The flip side, is appreciation seems to be phenomenal.

To investors in these areas, is this am accurate assessment? Would you rather break even/ take a small loss cash flow wise to take the appreciation in the DC/NOVA area or prefer the A/B class tenants in the nice areas of Baltimore but not see much appreciation?

Thank you!

Hello,

I currently own 0 properties but after listening to many episodes on the podcast, I am now looking into buying my first property that I plan on renting out. I currently am looking at a 5BR house in the Northern VA area as my first purchase. I have been trying to confirm what the rent for that would be if I were to try and rent that out to a section 8 family.

The first link I found (https://www.vhda.com/BusinessP...) shows that I should expect $3,468 each month. I am not sure if the link will work but it is from VDHA.COM and is titled "Housing Choice Payment Standards". This would cover my expenses and allow a family to live in a nice neighborhood in a nice house. 

The second link i found HUDSUR.GOV made it appear that in my area code, the house would max out rent around $1,400/month. If that was the case, there is no way I could financially afford to go the section 8 housing route. 

Any feedback from anyone who can verify section 8 housing rents in Virginia or, has had experience with section 8 housing would really be appreciated. 

Thank you!

Housing Choice Voucher Payment Standards (PS) for Virginia Housing's Area of Operation Housing Choice Voucher Payment Standards (PS) for Virginia Housing's Area of Operation Housing Choice Voucher Payment Standards (PS) for Virginia Housing's Area of Operation Housing Choice Voucher Payment Standards (PS) for Virginia Housing's Area of Operation