All Forum Posts by: Kyle Carter

Hello BP community, 

I would love to hear more about the process of developing in Washington DC. I would love to get a property in the NW DC that is run down, add additional floors and then make it an apartment building. But I do not find that much information pertaining to the process in doing so. I know when it comes to many cities there are long permit processes and also there are specific air laws that go into each city.

I would love to hear a story that goes over an experience pertaining to developing/rehabbing a property in the DC area. 

Hello Bigger Pockets Community!

My name is Kyle Carter. I live in the Washington DC area, and I would love to connect with anyone willing to. 

A little about myself, I graduated from North Carolina A&t with a degree in Computer Engineering. I currently work at Deloitte in Cyber Security. I have been investing in the stock market for 5 years and I am now transitioning over to real estate after doing my research on real estate for the past two years. 

Would love to connect, regardless of real estate experience I know we could all be of value to one another. 

When it comes to the rental verification, what have you found the best way to go about this?

With #2 -- When it comes to having the higher Cap Rate, would you find that it will daunt the valuation when it comes time to sell? Section 8 sometimes can bring in slightly higher rents, with that the NOI goes up (all things equal). Would that be taken note of by the next buyer and they may pay a lower price? Or am I just thinking of this all wrong?

Thank you so much for your insight, I will look at the BP book catalog and read through them!

Thank you for your insight!

What about if I already have a rental, not with the home buyers program. But I want to now purchase a house with the first time housing program, would I be able to? 

In regards to selling an apartment building with 20 units and selling single family homes. How do you know when it is time to sell? What are the most effective ways to exit an investment? 

I want to buy an apartment building and rent it out to all section 8 tenants. How is it different than having a multifamily property or SFH will S8 tenants? In regards to the valuation of the property what impact will this have and when do you know when its time to sell? How do you value a apartment that will be rented out to primarily section 8 tenants?

What are some questions that you can ask to each of the required team members(PM, Agent, etc. ) to ensure that goals align and they are best fit.