All Forum Posts by: Jessica Swingle

Hello & Congratulations, Shawn!

-Jessica

Hi Brett,

You're right - there aren't. It's very rare to find multi-fam, especially in Fairfax County. I'm originally from Ohio (a totally different market than NOVA) so I was surprised when I moved to Reston to learn that NOVA multi-fams are basically non-existent.

You may want to look in MD & DC, there may be better opportunities for mutli units, although I'm not as familiar with those markets as I am with NOVA so I can't say for sure what the inventory looks like there.

In the meantime, if you have questions about NOVA single units (SFH/townhouses), I'm happy to help.

- Jessica

FLIP: How to Find, Fix, and Sell for Profit
by Rick Villani, Clay Davis, & Gary Keller.

the 2 Michael Spindler mentioned are awesome, too.

Hi Douglas,

Thank you for the recommendation - I just ordered it.

Yes, I understand multi-fam analysis is based on the income approach and I prefer working with rental property for that very reason. However, when it comes to SFH/townhomes, I've seen investors analyze a few different ways and wanted to see how other successful wholesalers are doing it.

Jess

Of course, the 70% - repairs - fee rule applies for analyzing potential rehab and resale deals....

However, I'm curious to know what calculations other wholesalers are using when determining income property MAO? (for SFH).

Some investors I know use 80% instead of 70% while others say they look at cash flow and base their offer on whether or not it cash flows a minimum number (say, $200) assuming, for example, 20% down, 5% interest.

thoughts?

Jessica

I recently relocated to Miami, FL (temporarily, my husband is completing a 12 month assignment here) and I'm looking for great cash flow neighborhoods in Miami-Dade County. I'm focused on wholesaling (as I am in Northern Virginia) and am interested in identifying which subdivisions contain desirable rental product in the area.

Any local investors out there? What zips and areas do you prefer for buy & holds?

got it. that's what i thought - wanted to be sure. thank you!

When calculating cash-on-cash return for a rental property, do you include initial rehab/make-ready costs in "cash invested"?