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All Forum Posts by: Lou LaMedica

Lou LaMedica has started 6 posts and replied 33 times.

Post: Unlimited opportunity to find out-of-state market

Lou LaMedicaPosted
  • Rental Property Investor
  • Dulles, VA
  • Posts 33
  • Votes 8

@Derrick Deese Good for you! Can you tell me a little bit about the process you used to build a team out of state? Next time you visit your folks, check out the Wegman's grocery store - you will be blown away!

Post: Unlimited opportunity to find out-of-state market

Lou LaMedicaPosted
  • Rental Property Investor
  • Dulles, VA
  • Posts 33
  • Votes 8

@Linda Labbe Congratulations! I hope you get that Summer home this year. How did you select Ohio initilally?

Post: Unlimited opportunity to find out-of-state market

Lou LaMedicaPosted
  • Rental Property Investor
  • Dulles, VA
  • Posts 33
  • Votes 8

@Scott M. Congratulations on that accomplishment! I picture you with a Hurricane in hand listening to some second line while closing that deal! 

Post: Unlimited opportunity to find out-of-state market

Lou LaMedicaPosted
  • Rental Property Investor
  • Dulles, VA
  • Posts 33
  • Votes 8

@James Wise Thank you sir! That is some sage advice. I promise not to be a maniac in my out-of-state dealings :) What is the advantage in using a PM who is a licensed real estate broker?

Post: 22 Year Old - Second Deal: $57K Profit Flip with Partners

Lou LaMedicaPosted
  • Rental Property Investor
  • Dulles, VA
  • Posts 33
  • Votes 8

@Alex Kamunyo Great story and congratulations! I love your attitude as well. Is the pool expense specific to this home or is this a general rule of thumb? House looks great! You gotta love Texas, that house is 700-900k in Northern Virgina!

Post: Is this common? Winchester has no available multi-units on MLS

Lou LaMedicaPosted
  • Rental Property Investor
  • Dulles, VA
  • Posts 33
  • Votes 8

@Brian Ploszay Thanks for your input. I was just trying to see what supply is available currently to get a feel for the market. Like @Brandon L. mentioned perhaps my criteria was too narrow. I was looking for a duplex in Winchester for 250k or less. I saw one came on the market today in the city proper for around 200k. 

Post: [Calc Review] Help me analyze this deal

Lou LaMedicaPosted
  • Rental Property Investor
  • Dulles, VA
  • Posts 33
  • Votes 8

@Jeffrey Honaker My pleasure! I am sure with that attitude, you will have plenty of deals coming your way. Please post the next chapter, I am interested to hear how it goes. 

Post: Is this common? Winchester has no available multi-units on MLS

Lou LaMedicaPosted
  • Rental Property Investor
  • Dulles, VA
  • Posts 33
  • Votes 8

Hello all,

I am working towards my goal of analyzing a deal a day and a realtor I am working with mentioned that the Winchester, Virginia market (population roughly 30,000) currently has no available multi-units available on MLS. Is this common?

Post: [Calc Review] Help me analyze this deal

Lou LaMedicaPosted
  • Rental Property Investor
  • Dulles, VA
  • Posts 33
  • Votes 8

@Jeffrey Honaker Good luck! Glad to see a lot of help here - that's a great idea with the HELOC. Makes me excited for the future! How did you find this deal? I saw in your notes the seller inherited the property? Did you know them or was it a direct mail campaign?

Post: Northern Virginia real estate meetup

Lou LaMedicaPosted
  • Rental Property Investor
  • Dulles, VA
  • Posts 33
  • Votes 8

Thanks @Stephanie P.! Now that I am at a desktop I see it - was searching on my phone before. Doh! Thanks for your help!