All Forum Posts by: Kiyon Harley

Come out to this ongoing Luxury Flip Walkthrough - where you can meet my partners and I (developers/investors) who amped up a poorly renovated property. Hosted by The Harbane Company (Developer) and Washington Capital Partners (Lender).

Where we will give an overview of the following:
- A brief overview of the renovation processes
- Tips on what to do and what not to do

- A tour of the property

Feel free to reach out to me: [email protected]

For free ticket: http://www.eventbrite.com/e/nw-dc-property-luxury-flip-walkthrough-tickets-42922216505

I agree, increase the rent. From my experience, the renters are typically happier with such slight increases instead of paying a lump fee. 

Hi Lamonte, welcome to BP. I'm a local DMV investor/developer. Feel free to reach out to network or if you would like to visit one of our projects in DC or PG County. 

shoot me an email or PM me on BP. 

Hi Nobopaul, my name is Kiyon. I'm a local DMV (mostly DC) investor/developer that has been engaged in real estate since 2003. Based on your post, I would be interested in obtaining some design services while sharing some of my knowledge. What area of real estate are you interested in? Perhaps you can stop by one of our current projects and we can chat. Since you work in DC, one of our 4th Street, NW (Petworth) projects may be best.

100% agree with @Clayton Plank. You should charge the investor a wholesale fee on a deal by deal basis. The key is to make sure that he/she still has room to make money out of the deal, so it's imperative to get the properties under contract below market value. 

Other than my investment /development firm, I own a management consulting business. I am also an executive at a contract compliance firm. 

If you're not familiar with construction or maintenance I would highly suggest taking a contractor there to get an idea of what it may cost to get up to rental or sale condition. I think that's a better option that looking up the info on a website. There may contractors in your area willing to give a free quote. 

As far as rehabbing it with a hard money or private loan the numbers are tight because a lender would typically desire a home with solid equity before lending. 

By  "no major issues" do you mean it would only require a light rehab (paint, carpet, etc.), or are you moreso referring to no major issues related to areas like plumbing, mechanical, electrical, etc.?  Also, how are sales in the area? Perhaps a private lender/hard money would be a viable option if you want to flip it and can avoid a significant expenditure to rehab. 

Hey Donald, we flip and all build new construction (single family homes as well as condo conversions) in DC as well as right outside of DC in MD. Reach out if you want to check out some of our projects or have questions.