All Forum Posts by: Samira Schadt

I'd like to offer my services in the DMV and surrounding areas in return for shadowing the process of a closing. These services include driving to properties, and taking pictures, doing research, or hang up signs etc. I can be your boots on the ground and in return I can earn some experience. That's a win-win situation for both parties!

I'd love to hear back from you.

Cheers, Sam.

0 Votes

@Russell Brazil

Hi Russel,

I would also be interested in a meetup of yours! Obviously in person would be great, but do you also hold online meetups in the meantime? I'd love to connect.

Greetings Sam

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@Bianca Lavagesse

Hi Bianca! Nice meeting you online. I am also looking for meet ups in the DMV area. However, it seems as if most of the meetups are online. A good website to connect could be "meetup" with webinars on a regular basis.

If I should come across a meetup in the DMV I'll let you know.

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Quote from @Tim Herman:

@Samira Schadt go to meetup.com and type real estate and location and how many miles you are willing to travel. I typed in 25 miles from Richmond and there was a whole page of events. Some are still virtual.

Hi Tim,
thanks for that! Yes, I just checked meetup and there are in fact plenty of virtual meetups.

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Richmond, Virginia

Hello everyone,

does anyone know upcoming Events for Networking opportunities or anything Real Estate related really, in the DMV Area? That would be so appreciated!

Thanks!

0 Votes

Richmond, Virginia

Quote from @Kanchi Ji:

Quote from @Samira Schadt:

@Kanchi Ji

Hi Kanchi,

I am just seeing your post, I didn't mean to reply so late.

Ironically, I will have my Florida license first. My husband and I planned on buying property there this spring, however, a work promotion on his side changed plans abruptly. Now I am planning on getting my VA license next, and shortly after that the MD license to work in both states.

Keep me updated on your process and hopefully we can help each other out in the future. I am interested in meeting/networking with other like-minded people. If you know about up-coming events in your area, please let me know.

Thanks, Sam.

I just took the exams and passed both state and national.

congrats on promotion :)

Congratulations!!!!

0 Votes

Quote from @Dave Skow:

depends on what purchase price ranges are in the area you are interested in .....30K likely will not cover too much unless the pruchase prices are very low in your area ....so likely waiting a yr is prob best

HI Dave!

Yes, the properties I am interested in usually do not range below $350k.

I'll go for the 1-year lease extension and will go hard on frugality:)

0 Votes

Richmond, Virginia

Quote from @Mike Davis:

@Samira Schadt if there is a VA loan available, I would look to house hack now. If you qualify for an FHA with 3.5% down go that route if you can't do a VA. You need to factor in how much your losing each month buy renting. If you find a multi-unit and live in it, you have to factor the income potential as well.

All told, you can start now to look for a great deal, give low ball offers if you want and see what happens, you may get lucky. Good Luck!

Hi Mike,

I appreciate your input! Yes, house hacking would be my ideal scenario. I am definitely over paying rent for a property that is not mine. Unfortunately, we do not even have the 3.5% down payment required for the FHA loan.

0 Votes

Richmond, Virginia

Quote from @Dock Newell Jr:

Quote from @Samira Schadt:

Hi BiggerPockets people!

I would like your advise and opinion on the following: should I extend my lease for another year in my current apartment or for only six months before buying my first home? If my husband and I stayed for another 12 months we could potentially build up a saving of $60k-$70k, whereas if we stayed for 6 months our savings will most likely only go up to $25k -$28k. We are so motivated to buy a SF-house/duplex, start house hacking and stop paying someone rent. However, I am more inclined on waiting a year, rake up those savings and have leverage once we see a great deal, whereas my husband is more aggressive and wants to go fully in in 6 months.

What do you think we should do? What makes more sense?

I am happy about every advice I can get. Thanks, Sam.

Hi Sam, Since your Husband has a VA Loan I think that is a huge upside to doing six months but only if the numbers work and its a multifamily in my opinion. It also depends on how much debt you have ie Student loan/auto loans. Since theres no down payment with a va loan whats the purpose of stacking cash sooner than later? Is your Husband still active duty?

Hi Dock,

thanks for your reply! Unfortunately the houses here are so expensive and often listed over value, that we were not able to get the VA loan in the amount of the asking price (one house we looked at, the VA appraisal came back with a value of $64k below the asking price). Thus, we need to save some cash.

And no, he is not active duty anymore.

1 Vote

Richmond, Virginia

Hi @Conner Olsen,

you make a good point. Houses here are very expensive, and I do not expect to find anything under $250 k (be it either a fixer upper or pre-foreclosure, or any other deal). So even with my husbands VA loan or any other loan for that matter, I expect the need to save enough cash.

Tonight I will need to decide if I go 6 or 12 months into extension.

Greetings, Sam

0 Votes

Richmond, Virginia

All Forum Posts by: Samira Schadt

Samira Schadt has started 4 posts and replied 16 times.

Post: Offering my services for no costs in the DC/VA/MD Area

Post: Interest in DMV Investor Group

Post: Interest in DMV Investor Group

Post: Looking to attend any Real Estate events in the area

Post: Looking to attend any Real Estate events in the area

Post: Volunteering for/Shadowing any Real Estate Agent and Investor

Post: Waiting and saving to buy first home in 6 mths or 12 mths?

Post: Waiting and saving to buy first home in 6 mths or 12 mths?

Post: Waiting and saving to buy first home in 6 mths or 12 mths?

Post: Waiting and saving to buy first home in 6 mths or 12 mths?