All Forum Posts by: Liming Zhang

 thank you for amazing answer and help, I have picked a loan partner. However, you can still send connect email to me for future works. tongjiyiming at gmail dot com

 tks, is your office locally at DC area? Do you have a broker license? NMLS number?

thank you for replying. I just need to use it as a bridge loan and then refiance it.

I need to close a deal at DC metro with cash. Please recommend a good hard money lender you know. I prefer to have 10% downpay if possible.

Thank you!

many thanks for these hints! It definitely help me to plan my first property deal in DC.

I am interested in a less than 4 unit townhouse at D.C. all the units are under month-to-month lease. I think the rent is below market. for example, one 2b1b 900 sqft unit is for $2250 per month. The market is above $3000. Consider the condition is not newly-renovated one. It can still be raised quite a lot like $2800.

My question is here for anyone is landlords in DC or familiar with DC rent law. Do you think I can raise the rent as a new owner? how much more I can raise? Any legal concerns?

The other question: what is the proper cap rate in D.C. market for me to do an evaluation of the deal?

Thank you!