All Forum Posts by: Jason Piccolo

On the Virginia side she could commute in from Arlington/Fairlington on 395, about 5-10 minutes to DC with no traffic. One bedrooms in there rent for as cheap $1500. 

@Cassidy Burns Great neighborhood. I would think as long as you are at least breaking even on net income, the long term appreciation and rent increases will be great long term.  Is this part of a condo building?

@Cassidy Burns It looks like a nice place. What neighborhood? 

Hi @Cassidy Burns, congratulations on your purchase. I am curious if lenders are strict about renting the unit right away if it’s considered your primary residence?  Are there any issues with that?

Hi Brad,

There are discount brokers out there where you can hang your license like Samson and FAIRFAX Realty. They pay 100% commission depending on the monthly amount you are willing to pay and a transaction fee for each deal. You may need to pay your own E&O insurance, Sentrilock fees and Association (NVAR or GCAAR) fees yearly.

Welcome Tyler. I live in close by Pentagon City. Fairlington is a great place to look due to it’s location to your job and proximity to DC. Feel free to reach out with questions. I look forward to connecting. 

Hi @Cassidy Burns,  thanks for posting. Will the new Airbnb laws in DC starting in October have any affect on the potential income? 

Thanks @Wayne Brown.  We live in Crystal City too. It’s great to know that you do plumbing work. Feel free to private message me your contact info. 

Hi @Wayne Brown, we own a few one bedroom condos in the Fairlington area of Arlington that cash flow a couple hundred dollars a month. They are easy to rent and the condo fees are reasonable, around $230 a month.  There is not a tremendous amount of inventory, but it may be worth keeping your eye on. Plus, we have the added bonus of Amazon coming here which should help increase rents a little bit. Good luck in your search. 

I agree with everybody else. The rent is too high or else it would have rented by now. We have condos in Arlington, VA and if they don't rent in the first two weeks we drop the rent until they are rented.