All Forum Posts by: Mary Arobaga-Reardon

During my driving for dollars trips I've come across several fire damaged and abandoned houses.  I looked up the tax and deed records to try and locate the owners to propose a purchase.  Has anyone out there had experience with  tracking down owners of fire damaged  or abandoned houses?  Do you think they are a good bet or more trouble that they are worth?

the lot is double in size compared to neighbors. Zone R2. I'm not sure about the set backs  but it looks as though a good sized single family home can fit on the lot which is on the end of the street and has an alley   for car access running down the side of the property.

I'm looking at a house on a double lot in DC in a residential zone.  I'm considering buying the house and adding a new build next door.  Does anyone have any experience with dividing lots and new builds in Washington DC or anywhere else?

Thanks for the info. I think I dodged a bullet and will wait for the right deal on a vacant property or one where I can verify tenants are employed and have been paying rent consistently to avoid the headaches COVID19 is causing.

I found a great deal in Washington DC on a duplex with tenants. The cashflow numbers work out at about $350pm per unit. However, I just found out the tenants were supposed to be evicted in March but are protected by the moratorium on evictions in DC. The owner never disclosed the eviction problem, I found out by running the address through the Office of Tax and revenue website. Is that non-disclosure by the owner  illegal?  Do I ask for the deal to be contingent on tenant removal or just run for the hills and wait for the deluge of foreclosures in the next year?  This is the third case  I have seen in the last few months.

Thanks for all the good advice. I did listen to Joseph’s podcast and I think he’s really got a great system going in Washington DC.

New to REI in the Washington DC Baltimore Maryland area. With an expected deluge of evictions coming in the near future due to job losses from COVID 19, would anyone recommend finding section8 tenants to ensure payments on their mortgage? I am worried as I have heard some horror stories. Is the guarantee of at least 75% rent payment from the local government worth the headache that generally comes with section 8 tenants?

Fabulous. That was quick. Thanks Brian. I’ve already contacted ETrade.

I’m trying to get my self directed 401k set up so I can borrow money without penalty to buy real estate.  I’m having trouble finding a financial institution that will set one up.  At the lager institutions like Schwabb and Fidelity most of their staff had never heard of it and  don’t offer it. Any ideas? Does anyone have an
SD40k? Thanks