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All Forum Posts by: Joseph Asamoah

Joseph Asamoah has started 13 posts and replied 39 times.

Post: Buy & Hold Investing:Navigating the DC area landlording minefield

Joseph Asamoah
Pro Member
Posted
  • Rental Property Investor
  • Washington, DC
  • Posts 40
  • Votes 49

Information Systems. Dissertation: Implementation of information technology in business process re-engineering."

Post: Buy & Hold Investing:Navigating the DC area landlording minefield

Joseph Asamoah
Pro Member
Posted
  • Rental Property Investor
  • Washington, DC
  • Posts 40
  • Votes 49

https://www.picatic.com/event15212381596280

Greetings:

As promised, I will hold another free event at one my recently completed rehab projects in NW, DC Sunday, March 25th, 2018 at 3pm. The house is located in the Columbia Heights neighborhood of NW DC within walking distance of the Petworth/Georgia Avenue Metro Station. Columbia Heights is a gentrified neighborhood that has experienced explosive growth and price appreciation over the past few years.

The house is a portfolio rental property I’ve owned for a number of years. The previous tenant rented the property for over 13 years and I decided to renovate the house to be on par with neighboring homes in the neighborhood. The focus of the rehab was on the kitchen, bathrooms, bedrooms, open space and functionality. During Sunday’s workshop I will discuss why I decided to hold the property and how I was able to increase the monthly rent by over $3,000/month without ANY pushback from the new tenant. In fact the tenant is extremely happy to pay the new rent and wants to stay “forever!!”

Many people cannot understand why I hold properties in Washington DC given the pro-tenant laws, bureaucratic and regulatory hoops and the headaches of dealing with “tenants and toilets.” The short answer is once you understand this business and you develop systems and relationships, its pretty straight forward. In fact I don’t understand why you wouldn’t do it given the appreciation, wealth-building, and tax benefits of this strategy. In my humble opinion it’s one of the best long-term real estate investing strategies available.

As you can see from the link below, we were able to transform the previous outdated house into a beautiful home.

https://www.youtube.com/watch?v=6bIqIWlql7Q&feature=youtu.be

As part of the marketing campaign for this project, we produced professional grade virtual tours of the house in its final condition.

Final Condition: http://properties.houselens.com/69265/3635+Warder+Street+NW%2C+DC+20010

Since the last rehab workshop was very successful, I am proposing to repeat the format of next Sunday’s workshop to include more time for networking and interaction amongst attendees. The proposed format will be as follows:

1. Welcome and property walk-thru: You are encouraged to conduct an informal room-by-room walk-thru and to check out the house

2. Education – Review how the property was located, financed, renovated, marketed and sold or rented. The focus will be on providing practical real world information about the nuts and bolts of this project along with the good, bad, ugly and lessons learned

3. Light refreshments and networking: Meet, greet and mingle – socialize and network with like-minded people that are interested in real estate investing and are striving for financial independence. Meet new contacts and do business. Whether you’re an investor (beginner, intermediate or seasoned), service provider (e.g. realtor, contractor, lender, appraiser, home inspector, architect, attorney, property manager etc.) or just trying to “figure it out” there will be attendees that can help you and/or who you can do business with.

Similar to the last meeting, the primary workshop goal is to share insights along with the nuts and bolts of how the property was located, financed, rehabbed, marketed and rented. I will discuss the good, the bad and the ugly along with many lessons learned – and there are lots.

Come meet and network with other like-minded people. The session is free and will be 100% education – there are no hidden agendas and no selling.

If interested in attending the March 25th session -- please RSVP via the following link:

https://www.picatic.com/event15212381596280

I hope to see you next Sunday and I strongly encourage you to set aside time in your busy schedule attend. I envision another good turnout. You will not be disappointed.

To your success.

Regards,

Joe

Joseph Asamoah, PhD., MBA

301-379-0357

Post: On-site workshop at recently completed house - NW Washington DC

Joseph Asamoah
Pro Member
Posted
  • Rental Property Investor
  • Washington, DC
  • Posts 40
  • Votes 49

Register via a the following linkhttps://www.picatic.com/event15212381596280

Greetings:

As promised, I will hold another free event at one my recently completed rehab projects in NW, DC Sunday, March 25th, 2018 at 3pm. The house is located in the Columbia Heights neighborhood of NW DC within walking distance of the Petworth/Georgia Avenue Metro Station. Columbia Heights is a gentrified neighborhood that has experienced explosive growth and price appreciation over the past few years.

The house is a portfolio rental property I’ve owned for a number of years. The previous tenant rented the property for over 13 years and I decided to renovate the house to be on par with neighboring homes in the neighborhood. The focus of the rehab was on the kitchen, bathrooms, bedrooms, open space and functionality. During Sunday’s workshop I will discuss why I decided to hold the property and how I was able to increase the monthly rent by over $3,000/month without ANY pushback from the new tenant. In fact the tenant is extremely happy to pay the new rent and wants to stay “forever!!”

Many people cannot understand why I hold properties in Washington DC given the pro-tenant laws, bureaucratic and regulatory hoops and the headaches of dealing with “tenants and toilets.” The short answer is once you understand this business and you develop systems and relationships, its pretty straight forward. In fact I don’t understand why you wouldn’t do it given the appreciation, wealth-building, and tax benefits of this strategy. In my humble opinion it’s one of the best long-term real estate investing strategies available.

As you can see from the link below, we were able to transform the previous outdated house into a beautiful home.

https://www.youtube.com/watch?v=6bIqIWlql7Q&feature=youtu.be

As part of the marketing campaign for this project, we produced professional grade virtual tours of the house in its final condition.

Final Condition: http://properties.houselens.com/69265/3635+Warder+Street+NW%2C+DC+20010

Since the last rehab workshop was very successful, I am proposing to repeat the format of next Sunday’s workshop to include more time for networking and interaction amongst attendees. The proposed format will be as follows:

1. Welcome and property walk-thru: You are encouraged to conduct an informal room-by-room walk-thru and to check out the house

2. Education – Review how the property was located, financed, renovated, marketed and sold or rented. The focus will be on providing practical real world information about the nuts and bolts of this project along with the good, bad, ugly and lessons learned

3. Light refreshments and networking: Meet, greet and mingle – socialize and network with like-minded people that are interested in real estate investing and are striving for financial independence. Meet new contacts and do business. Whether you’re an investor (beginner, intermediate or seasoned), service provider (e.g. realtor, contractor, lender, appraiser, home inspector, architect, attorney, property manager etc.) or just trying to “figure it out” there will be attendees that can help you and/or who you can do business with.

Similar to the last meeting, the primary workshop goal is to share insights along with the nuts and bolts of how the property was located, financed, rehabbed, marketed and rented. I will discuss the good, the bad and the ugly along with many lessons learned – and there are lots.

Come meet and network with other like-minded people. The session is free and will be 100% education – there are no hidden agendas and no selling.

If interested in attending the March 25th session -- please RSVP via the following link:

https://www.picatic.com/event15212381596280

I hope to see you next Sunday and I strongly encourage you to set aside time in your busy schedule attend. I envision another good turnout. You will not be disappointed.

To your success.

Regards,

Joe

Joseph Asamoah, PhD., MBA

301-379-0357

Post: Rehab workshop, 3pm, Sunday, October 22, 2017 in NW Washington DC

Joseph Asamoah
Pro Member
Posted
  • Rental Property Investor
  • Washington, DC
  • Posts 40
  • Votes 49

Thanks for the feedback. I will be hosting another workshop in a few weeks at another rehab project in the DC area. I hope to see you then. Feel free to reach out to me if I can be of assistance.

Regards,

Joe

Post: Rehab workshop, 3pm, Sunday, October 22, 2017 in NW Washington DC

Joseph Asamoah
Pro Member
Posted
  • Rental Property Investor
  • Washington, DC
  • Posts 40
  • Votes 49

Greetings:

I hope all is well and circumstances are favorable.

This is a friendly reminder we will be meeting 3pm this Sunday (October 22nd) at a recently completed rehab project. The house is located in the Ledroit Park/Bloomingdale neighborhood of NW DC. This area is experiencing explosive growth and price appreciation.

If you’ve been following the video series you’ll know this is my largest renovation project ($350K) and needless to say, there are, many, many lessons learned and stories to share about this nearly $1.4M project.

If you have already RSVP’d then I am looking forward to meeting with you then. If you have not done so, please register via the following link

https://www.picatic.com/event15078921282455

Based on past events, I envision a good turnout.

As you can see from the link below, we were able to transform this ugly house into a truly, beautiful home (6 bedrooms, 4.5 bathrooms, 3 decks including a gorgeous roof deck with spectacular views of the Washington Monument and DC skyline etc.).

https://www.youtube.com/watch?v=VZQNP9T1Jhc

As part of the marketing campaign for this project, we produced professional grade virtual tours of the house in its before and final condition.

Before: http://properties.houselens.com/49864/2000+1st+St+NW%2C+Washington+DC+20001

Final: http://properties.houselens.com/64068/2022+1St+Street+NW+RESHOOT+AFTER%2C+DC+20001

Since this is a buy, fix and sell property (i.e. a flip) , – during Sunday’s workshop, I will discuss, amongst other things, why this exit strategy was chosen and the finer details of this strategy.

Since the last rehab workshop was very successful, I am proposing to repeat the format of Sunday’s workshop to include more time for networking and interaction amongst attendees. The proposed format will be as follows:

  • 1.Welcome and property walk-thru: You are encouraged to conduct an informal room-by-room walk-thru and to check out the house
  • 2.Education – Review how the property was located, financed, renovated, marketed and sold or rented. The focus will be on providing practical real world information about the nuts and bolts of this project along with the good, bad, ugly and lessons learned
  • 3.Light refreshments and networking: Meet, greet and mingle – socialize and network with like-minded people that are interested in real estate investing and are striving for financial independence. Meet new contacts and do business. Whether you’re an investor (beginner, intermediate or seasoned), service provider (e.g. realtor, contractor, lender, appraiser, home inspector, architect, attorney, property manager etc.) or just trying to “figure it out” there will be attendees that can help you and/or who you can do business with.

Come meet and network with other like-minded people. The session is free and will be 100% education – there are no hidden agendas and no selling.

I hope to see you this Sunday and I strongly encourage you to set aside time in your busy schedule attend. I envision another good turnout. You will not be disappointed.

To your success.

Regards,

Joe

Joseph Asamoah, PhD., MBA

301-379-0357

Post: Free Offsite rehab workshop 3pm, Sunday Oct 9th 2016 in NE DC

Joseph Asamoah
Pro Member
Posted
  • Rental Property Investor
  • Washington, DC
  • Posts 40
  • Votes 49

I have one another event this Sunday (February 19th @ 3pm). 

https://www.biggerpockets.com/forums/521/topics/41...

Please RSVP at the above link. Hope to see you.

Regards,

Joe

Post: Buy & Hold Investing:Navigating the DC area landlording minefield

Joseph Asamoah
Pro Member
Posted
  • Rental Property Investor
  • Washington, DC
  • Posts 40
  • Votes 49

Greetings:

I hope 2017 is off to a fantastic start – believe it or not, 1/6 of the year has almost past!!. Let me know if I can be of help.

As promised at last month’s workshop, I will hold another free event at one my recently completed rehab projects in NW, DC Sunday, February 19th, 2017 at 3pm. The house is located in the Columbia Heights neighborhood of NW DC within walking distance of the Columbia Heights and the Petworth Metro Stations. Columbia Heights is a fully gentrified neighborhood that has experienced explosive growth and price appreciation over the past few years.

Unlike last month’s flip home, this is a portfolio rental property I’ve owned for a number of years. The previous tenant recently moved due to a job transfer and I decided to renovate the house to be on par with neighboring homes. The focus of the rehab was on the kitchen, bathrooms, bedrooms, open space and functionality. During Sunday’s workshop I will discuss why I decided to hold the property and how I was able to increase the monthly rent by over $2,000/month without ANY pushback from the new tenant. In fact the tenant is extremely happy to pay the new rent and wants to stay “forever!!”

Many people cannot understand why I hold properties in Washington DC given the pro-tenant laws, bureaucratic and regulatory hoops and the headaches of dealing with “tenants and toilets.” The short answer is once you understand this business and you develop systems and relationships, its pretty straight forward. In fact I don’t understand why you wouldn’t do it given the appreciation, wealth-building, and tax benefits of this strategy. In my humble opinion it’s one of the best long-term real estate investing strategies available.

As you can see from the link below, we were able to transform the previous outdated house into a beautiful home.

https://www.youtube.com/watch?v=oOWavtzZM3o&spfreload=10

As part of the marketing campaign for this project, we produced professional grade virtual tours of the house in its before and final condition.

Final Condition: http://properties.houselens.com/49888/1209+Otis+Place+NW%2C+Washington+DC+20010

Since the last rehab workshop was very successful, I am proposing to repeat the format of next Sunday’s workshop to include more time for networking and interaction amongst attendees. The proposed format will be as follows:

  • 1.Welcome and property walk-thru: You are encouraged to conduct an informal room-by-room walk-thru and to check out the house
  • 2.Education – Review how the property was located, financed, renovated, marketed and sold or rented. The focus will be on providing practical real world information about the nuts and bolts of this project along with the good, bad, ugly and lessons learned
  • 3.Light refreshments and networking: Meet, greet and mingle – socialize and network with like-minded people that are interested in real estate investing and are striving for financial independence. Meet new contacts and do business. Whether you’re an investor (beginner, intermediate or seasoned), service provider (e.g. realtor, contractor, lender, appraiser, home inspector, architect, attorney, property manager etc.) or just trying to “figure it out” there will be attendees that can help you and/or who you can do business with.

Similar to the last meeting, the primary workshop goal is to share insights along with the nuts and bolts of how the property was located, financed, rehabbed, marketed and rented. I will discuss the good, the bad and the ugly along with many lessons learned – and there are lots.

Come meet and network with other like-minded people. The session is free and will be 100% education – there are no hidden agendas and no selling.

If interested in attending the February 19th session -- please RSVP via the following link:

https://www.picatic.com/event14866463147867

I hope to see you next Sunday and I strongly encourage you to set aside time in your busy schedule attend. I envision another good turnout. You will not be disappointed.

To your success.

Regards,

Joe

Joseph Asamoah, PhD., MBA

301-379-0357

Post: Tenant Happy at Rent Increase! Learn How at my Next Workshop

Joseph Asamoah
Pro Member
Posted
  • Rental Property Investor
  • Washington, DC
  • Posts 40
  • Votes 49

Greetings:

I hope 2017 is off to a fantastic start – believe it or not, 1/6 of the year has almost past!!. Let me know if I can be of help.

As promised at last month’s workshop, I will hold another free event at one my recently completed rehab projects in NW, DC Sunday, February 19th, 2017 at 3pm. The house is located in the Columbia Heights neighborhood of NW DC within walking distance of the Columbia Heights and the Petworth Metro Stations. Columbia Heights is a fully gentrified neighborhood that has experienced explosive growth and price appreciation over the past few years.

Unlike last month’s flip home, this is a portfolio rental property I’ve owned for a number of years. The previous tenant recently moved due to a job transfer and I decided to renovate the house to be on par with neighboring homes. The focus of the rehab was on the kitchen, bathrooms, bedrooms, open space and functionality. During Sunday’s workshop I will discuss why I decided to hold the property and how I was able to increase the monthly rent by over $2,000/month without ANY pushback from the new tenant. In fact the tenant is extremely happy to pay the new rent and wants to stay “forever!!”

Many people cannot understand why I hold properties in Washington DC given the pro-tenant laws, bureaucratic and regulatory hoops and the headaches of dealing with “tenants and toilets.” The short answer is once you understand this business and you develop systems and relationships, its pretty straight forward. In fact I don’t understand why you wouldn’t do it given the appreciation, wealth-building, and tax benefits of this strategy. In my humble opinion it’s one of the best long-term real estate investing strategies available.

As you can see from the link below, we were able to transform the previous outdated house into a beautiful home.

https://www.youtube.com/watch?v=oOWavtzZM3o&spfreload=10

As part of the marketing campaign for this project, we produced professional grade virtual tours of the house in its before and final condition.

Final Condition: http://properties.houselens.com/49888/1209+Otis+Place+NW%2C+Washington+DC+20010

Since the last rehab workshop was very successful, I am proposing to repeat the format of next Sunday’s workshop to include more time for networking and interaction amongst attendees. The proposed format will be as follows:

  • 1.Welcome and property walk-thru: You are encouraged to conduct an informal room-by-room walk-thru and to check out the house
  • 2.Education – Review how the property was located, financed, renovated, marketed and sold or rented. The focus will be on providing practical real world information about the nuts and bolts of this project along with the good, bad, ugly and lessons learned
  • 3.Light refreshments and networking: Meet, greet and mingle – socialize and network with like-minded people that are interested in real estate investing and are striving for financial independence. Meet new contacts and do business. Whether you’re an investor (beginner, intermediate or seasoned), service provider (e.g. realtor, contractor, lender, appraiser, home inspector, architect, attorney, property manager etc.) or just trying to “figure it out” there will be attendees that can help you and/or who you can do business with.

Similar to the last meeting, the primary workshop goal is to share insights along with the nuts and bolts of how the property was located, financed, rehabbed, marketed and rented. I will discuss the good, the bad and the ugly along with many lessons learned – and there are lots.

Come meet and network with other like-minded people. The session is free and will be 100% education – there are no hidden agendas and no selling.

If interested in attending the February 19th session -- please RSVP via the following link:

https://www.picatic.com/event14866463147867

I hope to see you next Sunday and I strongly encourage you to set aside time in your busy schedule attend. I envision another good turnout. You will not be disappointed.

To your success.

Regards,

Joe

Joseph Asamoah, PhD., MBA

301-379-0357

Post: Lessons Learned from a major Washington DC Renovation Project

Joseph Asamoah
Pro Member
Posted
  • Rental Property Investor
  • Washington, DC
  • Posts 40
  • Votes 49

Greetings:

I will be going through the project in detail during Sunday's workshop. I hope everyone is able to attend - the more the merrier. I normally get good turnouts so it should be a good opportunity to meet and network with like-minded investors (new, intermediate & advanced level).

The session is 100% education no smoke and mirrors, hype and pitching. The events are the "real deal." I promise!!

Hope to see you Sunday.

Regards,

Joe

Post: Lessons Learned from a major Washington DC Renovation Project

Joseph Asamoah
Pro Member
Posted
  • Rental Property Investor
  • Washington, DC
  • Posts 40
  • Votes 49

Write your post

Greetings:

I hope 2016 was a great year for you and 2017 is starting off spectacularly!!

As we start the new year, I’m confident 2017 will be a successful year in regards to meeting your real estate, business and personal goals. Let me know if I can be of help.

As promised and per many people’s request, I will hold another free event at one my recently completed rehab projects in NE, DC Sunday, January 22nd, 2017 at 3pm. The house is located 5 minutes from the Minnesota Avenue Metro Station. Several people may recall I held a workshop a few months ago shortly after I purchased and removed all trash from the property.

For your information, this was a nearly $100,000 major-rehab project and needless to say, there were many lessons learned and stories to share about this project.

As you can see from the link below, we were able to transform this ugly house into a beautiful home.

https://www.youtube.com/watch?v=6yjCX6oHFlo&feature=em-subs_digest

As part of the marketing campaign for this project, we produced professional grade virtual tours of the house in its before and final condition.

Before Condition: http://properties.houselens.com/42258/4205+Hayes+St+NE%2C+Washington+DC+20019

Final Condition: http://properties.houselens.com/50035/4205+Hayes+St+NE+new%2C+Washington+DC+20019

Since the last rehab workshop was very successful, I am proposing to repeat the format of next Sunday’s workshop to include more time for networking and interaction amongst attendees. The proposed format will be as follows:

  • 1.Welcome and property walk-thru: You are encouraged to conduct an informal room-by-room walk-thru and to check out the house
  • 2.Education – Review how the property was located, financed, renovated, marketed and sold or rented. The focus will be on providing practical real world information about the nuts and bolts of this project along with the good, bad, ugly and lessons learned
  • 3.Light refreshments and networking: Meet, greet and mingle – socialize and network with like-minded people that are interested in real estate investing and are striving for financial independence. Meet new contacts and do business. Whether you’re an investor (beginner, intermediate or seasoned), service provider (e.g. realtor, contractor, lender, appraiser, home inspector, architect, attorney, property manager etc.) or just trying to “figure it out” there will be attendees that can help you and/or who you can do business with.

Similar to the last meeting, the primary workshop goal is to share insights along with the nuts and bolts of how the property was located, financed, rehabbed, marketed and sold. I will discuss the good, the bad and the ugly along with many lessons learned – and there are lots.

Come meet and network with other like-minded people. The session is free and will be 100% education – there are no hidden agendas and no selling.

If interested in attending the January 22nd session -- please RSVP via the following link:

https://www.picatic.com/event14842662383355

I hope to see you next Sunday and I strongly encourage you to set aside time in your busy schedule attend. I envision another good turnout. You will not be disappointed.

To your success.

Regards,

Joe

Joseph Asamoah, PhD., MBA

301-379-0357