All Forum Posts by: Rishi Da

what's your exit strategy?

Got it. This is purely my personal preference. I wouldn't hold a negatively flowing cash flow. That's me. Maybe someone who invests like this can step in and give some insight.

I buy "off market" and rarely have more than $40,000 in to a "Subject To" where I am taking over the mortgage, then I get usually $40,000 down on a Lease Option and I cash flow $500 + per month. I get the tax write offs and appreciation. I let the optionee do the repairs/rehab. I don't need to babysit the property or have a property manager. So I'm no good at evaluating a negative cash flow hold. Wish I could help. I don't know the MD or CA or NY markets for tenants and landlord laws. I stick to AZ TX GA and OH where landlords are appreciated.

What is your goal for the property?

Plan on spending 8% plus in order to sell and Montgomery County has a transfer tax as well. And of course capital gains if it's a fix & flip.

There are plenty of affordable cash-flow markets to choose from. 1% rule minimum. First educate yourself:

https://store.biggerpockets.com/products/long-distance-real-...

@Rishi Da

can you house hack?

there are a ton of great meetups in the DMV - go to all of them and see which ones you like best

Welcome to BP! This isn’t a direct answer to your question, but one thing I found useful when making new broker contacts was calling those who had properties listed/recently listed and try to organically build a rapport. Takes a bit more legwork but another tool for the tool belt.

 Welcome to BP. Price appreciation in Montgomery County averages about 5% per year, and rent growth a little higher. It is a great location to hold long term if you can put a larger down payment down.