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All Forum Posts by: Joshua Hill

Joshua Hill has started 8 posts and replied 15 times.

Post: NOVA Investor market

Joshua HillPosted
  • Woodbridge, VA
  • Posts 16
  • Votes 7
Originally posted by @Tim Evans:

Holding seems less risky than flipping. EVENTUALLY one should be able to recover the investment, even if it was based on unrealistic numbers. I did one flip and am holding three houses with tenants. The flip was profitable, but less satisfying for me.

I love multi-family, but don't have the cash, and don't want to risk a mortgage on a quality property. I want tenants paying at least $1500/month, because those are often more responsible.

So, Single family Buy & Hold wins for me.

 So  each property brings in an average of 1500 or more, not bad. Are these townhouses or detached homes? 

Post: NOVA Investor market

Joshua HillPosted
  • Woodbridge, VA
  • Posts 16
  • Votes 7

My last post in this forum was taken down do I thought I would post again with a different topic. For those who do business in the North VA area, what would you say the general consensus is when it comes down to investing strategies in this market ( Single family Buy & Hold, Multi family buy and hold, house flipping, or wholesale)?

Originally posted by @Ramar Price:

All of that does play a part however the question is where do you want to start as far as do you want to just do wholesale, fix and flip, etc. where is it that you want to start?

 The Fix and Flip seems like a good starting point for me

Newbie here, trying to learn as much as I can about real estate before I decide to take the big step into acquiring a property but I have two questions. 

1. I believe in setting goals, so for my real estate venture,  I want to achieve a level of success where the properties I have are generating enough income to leave the "9 to 5" behind, and provide a value of at least $10,000,000. I know every property and location has different values. So far I'm looking into using a Buy, Hold, and eventually Sell strategy. With that said can anybody, "loosely" estimate how many properties I would have to sell or buy and hold in order to reach that goal?

2. Also, How do you judge different cities, and states of whether or no their real estate market is good or bad or business? Do you look at how many houses have been bought? City and job growth? Median income? ect

Post: New member

Joshua HillPosted
  • Woodbridge, VA
  • Posts 16
  • Votes 7

Hello everyone. Newbie here looking to learn a little bit of everything that there is to know about real estate investing that can help me get started. The goal for me, is not to make this a primary source of income, but an additional source of income and also something that can be passed down to future generations, perhaps owning a high rise or two in the future. I kinda like the idea of  bringing things back to life or developing it in some way and having some sort of ownership. Not sure if I should be looking into flipping or becoming a developer or flipping and renting small to large apartments.