All Forum Posts by: Shadonna N.

Add a contractor to your list.  If you a flipping build a list of materials for the type of home you are renovating and the finishes.

 agree, and your neighbor has complained about an issue that he caused.  stop all work and get a lawyer.  at best the contractor will agree to disagree and you both walk away.  find someone else to finish the work.  i am sorry you are going through this.

I would not say that Maryland is rescission proof.  DC is more rescission proof due to federal but DC and Baltimore are two different worlds.  I don't know the San Antonio market but if you can find income + appreciation you are in good shape.

 

@Brendan G. Congrats!

@Jared Johnston makre sure the condo allows rentals.  Also note the impact the pandemic has had on the housing market in DC.

I am following the thread waiting for the experts to chime in.  Would you add a trust to protect your asset and daughter's inheritance?

 Good point Andrew.  I know someone who lends out of there SIDRA to a developer who does bigger projects (ex: condo conversion).  They are lending out 100K at 7% with a promissory note.  I will point of the risk to them.

Veda, sorry this happened to you.

Hmm I don't know @Russell Brazil, what happens of the association falls apart.  What if no one pays their fees.  Could be the start of a deal.  There are some really cheap condos over there with very high fees.  There are also some really nice communities that are probably doing assessments for improvements.

@Russell Brazil agree with the stats.  It will be interesting to see the impact COVID and telework will have on the commercial market.  It may not impact the doctors and lawyers, possibly tech.  You have recent college grads coming out of college with a 90K job paying 2K rent for a 1BR.  Could they move to a cheaper housing market and still work for a company in Northern Virginia, yes.  You will not see a change overnight but how we work will change.