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All Forum Posts by: Vic Scalercio

Vic Scalercio has started 1 posts and replied 2 times.

Land & New Construction

Post: Investing in early phases of new construction projects.

Vic ScalercioPosted
  • Real Estate Investor
  • Stafford, VA
  • Posts 2
  • Votes 0

I have had great success in buying a house in a multi-phase subdivision. Had a beautiful 4,000 SF home Brick built 4 years ago for $247,000. Built by Ryan Homes in Northern VA. Just had it appraised 3 months ago at close to $600,000. Opened a revolving line of credit for $200,000 against the equity in the house and just recently used it to buy my third property.
It seems the market is still very healthy in the DC/MD/VA metro area.

0 Votes
New Member Introductions

Post: New to the forum from Stafford VA

Vic ScalercioPosted
  • Real Estate Investor
  • Stafford, VA
  • Posts 2
  • Votes 0

I hope to contribute as well as learn. I just started investing in real estate in December of '04 and currently have 2 investment rental properties working on my 3rd. i hope to aquire 3 every year for the next 5 years

0 Votes