All Forum Posts by: Kristina Inglis

Thank you Russell, that is valuable information.  Do you know what the unit limit is?  This property that I am looking at is a duplex.  

Hi, I'm looking at a few multifamily properties in the Anacostia neighborhood of DC. I have mainly been focusing on VA properties so I am new to the DC market. I am aware of the 'tenant friendly' position that DC takes and I'm reading through a DC Tenant Bill of Rights document but I'd love to talk with someone who has landlord experience there. The multifamily that I'm looking at currently has section 8 renters however, I don't have a copy of the lease yet. I'm hesitant from the perspective of the high crime in the area but somewhat bullish on the development of the area. Anyone out there willing to talk with me?

Hi All, thank you so much for your input/reassurance.  Based on your responses and other research I am going to look at the house and move forward if it makes sense.   I will let you all know what happens!  Thanks again!! 

Hi All, 

I'm looking at a 5 bdrm home in Woodbridge Virginia to purchase and rent out.  I haven't been looking in that area as I'm more focused inside the beltway but something came up that may look like a decent opportunity from a numbers perspective.  I am not as familiar with the rental market in Woodbridge and am wondering what the vacancy rate looks like for those who do landlord in Woodbridge.   On top of that, it is a 5 bdrm home so I'm thinking I'd get those looking for a 4 bedroom (and would consider the 5th bedroom a bonus).  My hesitation is what is the real demand for a 4 - 5 bedroom rental home in Woodbridge?  Anyone with any insight to offer would be much appreciated.  

Many Thanks! 

@Jason Bott, this is great.  Thanks for that quick summary - I think I know where to start now.  

Thank you all, for these affirmations.   So where do you all 'shop' for insurance policies for rental units?   @Jerry Padilla, where did you buy your umbrella policy from?   

Hi, 

I was talking with a lender today about what their rates are as I'm looking into making an offer on a triplex. The mortgage guy told me that since I plan to put the property into an LLC (which I do) that he'd need to consider the property as 'commercial' which fetches higher rates. The fact that it would be in an LLC would mean at least a half a point higher. I've had many conversations with lenders/ brokers and this has never come up. Did I really miss this important relationship between an LLC and financing? Do all you LLC'ers really pay higher rates due to the fact that the property is considered commercial? Is there a way around this??

Many Thanks!

Hi, 

Anyone out there own investment property in Great Barrington Massachusetts?  Or, an investor in Great Barrington RE?   Looking to buy my first triplex there and would love to connect. 

Many Thanks,

Kristina

Thank you @Allen Fletcher.  That is helpful as a place to start. 

@J Scott, thanks for the warning.  Fair point.

Sorry, meaning "In Search of"...