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All Forum Posts by: Rita Lo

Rita Lo has started 6 posts and replied 16 times.

Post: Total Cash Invested on BRRRR Report

Rita LoPosted
  • Reston, VA
  • Posts 18
  • Votes 8

In a similar vein - anyone knows how Brandon and team figured out "Loan Balance" on page 3 of the rental properties report? Not sure how "loan balance" is calculated...

Thanks all! This leaves @Michael Deng and I with a lot to think about.

Just curious: a few of you mentioned that we should keep our properties between ~100-150K. I assume that is just for SFHs? Does anyone have experience with townhomes/duplexes, and how does the market for those look?

@Hattie Dizmond Thank you for this comprehensive analysis - if you don't mind, I'd love to have a conversation and pick your brain about areas with good potential to look into in DFW. I'll PM you!

@Hattie Dizmond appreciate the input! Any particular justification as to why North of Arlington is a better choice?

Also, would you have any insights into Euless and Frisco as investing areas? A few websites I've researched pegged Frisco as a good location to buy a property. Euless meanwhile is pretty cheap, but I am not sure how rentable properties there are.

Thanks!

Looking to find a good locale in the DFW area that can provide good appreciation and price-to-rent ratio. Depending on property type, willing to consider 150-280K price range.

I've heard good things about Arlington, but want to get some expert advice on other up-and-coming areas here!

Also, is there a strategic advantage to looking near big corporate headquarters (e.g. HDQs for American Airlines/Toyota etc.)?

Post: Finding good open houses?

Rita LoPosted
  • Reston, VA
  • Posts 18
  • Votes 8

Hi all,

I've been looking to purchase a good investment property in the NoVa region. So far, I've visited a few open houses in the area, and I get suggestions from a program called Listingbook that my realtor subscribed me on. However, it only suggests 1-3 open houses every weekend - and usually, these properties have been on the market for a while, and are on the higher end of the price spectrum.

Surely there are more prolific sources where we could find more open houses/good deals as soon as they hit the market? I feel like the current tool is useful for homeowners casually buying a home, but not investors looking for good deals. Where do you guys usually look?

Thanks.