All Forum Posts by: Jacques Herve

1) Where to look for Sheriff's sales, REO and pre-foreclosures?

2) Due diligence: How do you research for all possible liens/ encumberments?

TIA

Gotcha. So open credit line is no guarantee of funds availability. Good to know.

What is "instantly recallable funds"? Never heard of this.

Just to clarfy: Client AirBnB's two of his own properties and has SuperHost status, so does well. Wants to scale up but at low cost first, hence the idea. Tough sell, need a sweetener to get it done.
@John Underwood @Paul Sandhu What concretely makes AirBnB arbitrage a bad business model? No opinion, just asking.

If you can pull it off, it's just like the hotel industry: you lease long term and retail it by the day/week

So far all landlords declined. Anybody has experience successfully finding this for a rental client? May need to add some sweetener?

Client's an investor so I don't mind spending time on this to "potentially" generate future business.

See, that's the beauty of BP: I learn something everyday. I knew about Takoma, WA and Takoma Park, MD, but not about Takoma, DC. As regards Rockville, I can increase the rent -moderately- with a tenant in place, but overbuilding puts a cap on both appreciation and rent increase, at least where I'm at (King Farm/Shady Grove). I love the place: walkable, quaint neighborhood, close to metro. But sometimes I'm thinking I love the place more than the market does. In a nutshell, I agree that there's a ton of value there but someone else (the builders) is capturing the increase in value.

I see. I own properties in Rockville and SS. SS is fine. The Rockville section I'm at (King Farm) is crazy overbuilt all around the Shady Grove metro, capping appreciation and rent increases, at least in my experience. Takoma Park is rent control land. I'll check the others as I know nothing about them. Thanks for pointing that out.

Fully agree with the strategy, I am patient. Where are those "high rent growth areas"? Silver line extension in NoVa?

Congrats! Where in Metro DC do you get the 1%? Anacostia and PG County come to mind

DC Metro based and trying to invest close to home. Cash flow is hard to get in this HCOL area and appreciation is not a given at this point in the cycle. Buying an off-HOA house and AirBnB'ing it looks like an attractive play. Potential STR regulation is a risk -not too high so far around here (Norhern VA) but the house would retain value even then.

Comments?