All Forum Posts by: Jason Piccolo

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.

Brian Eastman Ok, thanks for letting me know.

Dmitriy Fomichenko Thanks for the reply. I am assuming that once my Roth self directed IRA is set up I cannot use those Roth funds on the same commercial investment as my traditional self directed Ira funds?

Does anyone know if there is a way to combine the Roth IRA, traditional IRA and rollover IRA money from my fidelity retirement account to invest in a single multifamily commercial deal. I know the IRS has these as separate accounts for a reason, so I was not sure if you can commingle these funds together for a single investment?

Hi Justin, Check out Sunwest Trust. They are by far the cheapest self directed IRA custodian I found. I used to use Equity Trust, but the fees are ridiculous.

Hi Leonard,

I use Cliff Huang from Georgetown Insurance for all my rentals. He is a broker and can shop the rate at different companies. 

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Hi Sharif, I am glad some fellow DC realtors are on here. What kind of investments are you looking at? Multifamily in DC?