All Forum Posts by: Joseph Barbaretta

Hi Jason,

Welcome. I'm pretty new myself, but I see opportunities in VA, MD and DC. In case you decide to go the buy and hold route at some point, MD and DC are more tenant friendly locations. VA in more landlord friendly. That being said, you might find some good deals to flip in MD.

-Joe

Hi Nate,

I was talking with a realtor in Blacksburg yesterday.  There seems to be a some possibilities in that area.  The cap rate near the campus is low due to big student housing companies that rent apartments there, but a little further out seems to have some good possibilities.  At least, based on my first conversation.

Good luck!

-Joe

The valuations in Toronto are unbelievable.  My wife and I were looking to invest there but quickly realized that it would be near impossible to actually make money.  It seems the average residential buyer just doesn't seem to mind about the price - they see it as just going up and up and up.  I hear very similar sentiments from there as I heard here in Virginia in 2005-06.  There would be occasional rumors of a market top then everyone would go back to believing that prices would just go up forever.  It took us years for prices to get back to normal in Virginia (where we live) after the crash in 07-08.  Actually I'm not sure I could get more for my house than what I paid in 2007 - and that was a foreclosure.  I hope Canada doesn't go through the same thing.