All Forum Posts by: Sangam Baligar

Thanks, @Charan K for your reply. I"m looking into Chantilly, Aldie, Gainesville, Haymarket, Fairfax, Woodbridge, and close by areas.

Hello BP friends!

I just moved to NOVA area from Philadelphia like 8-months ago and now looking to get into Real estate investment or house hacking in the area. This is going to be my project. I have saved up some money and looking to do either a long term buy and hold or short term rentals/flips. As you all know, this area: anything close to DC or close by suburbs are very expensive and tough market for newbies.

Since I'm new to the area and to REI; I'm looking to meet up and connect with like-minded friends, agents, contractors and investors to learn more about the area and investment strategies.

Right now, I live in Manassas Area and looking to invest in the area closer to DC, Chantilly, Aldie, Gainesville, Haymarket, Fairfax, etc.

Any recommendations on hot areas are greatly appreciated.

Thank you so much in advance for all your valuable feedbacks.

Hello BP friends!

I just moved to NOVA area from Philadelphia like 8-months ago and now looking to get into Real estate investment or house hacking in the area. This is going to be my project. I have saved up some money and looking to do either a long term buy and hold or short term rentals/flips. As you all know, this area: anything close to DC or close by suburbs are very expensive and tough market for newbies.

Since I'm new to the area and to REI; I'm looking to meet up and connect with like minded friends, agents, contractors and investors to learn more about the area and investment strategies.

Right now, I live in Manassas Area and looking to invest in the area closer to DC, Chantilly, Aldie, Gainesville, Haymarket, Fairfax, etc.

Any recommendations on hot areas are greatly appreciated.

Thank you so much in advance for all your valuable feedbacks.

@Brenton Braddock Congrats on your first deal!

I have been on the market for the past 6 months and I'm waiting for that right one!. 

Like you mentioned, I'm also a numbers/spreadsheet freak! and always doing a lot of math beforehand and trying to figure out; would everything fall within my budget/forecasted cashflow/potential repair fund, etc... and it never ends you know!. 

So I'm really interested to see your analysis/calculations/spreadsheet. Would you mind sharing it with me?

Thanks in advance for your help.

-Sangam 

@Jason DiClemente, Thanks for your help and recommendations.

@Jason DiClemente, you made a very good point on Philly neighbourhood and I will keep this in mind when I shop around for properties. Actually, I'm looking in the suburbs of Philly, to be exact, around King of Prussia area (10-20-miles perimeter) as it is close to my work and where I live now.  

Thanks a lot for your inputs.

-Sangam

@Garrett Sowle, thanks a lot for your in-depth insight on using FHA and it benefits like better terms, lower APR and down payment. I think I'm kinda leaning towards FHA at this point in time. And, this would give a greater edge as I'm planning to live in one of the units. I'm totally with you on umbrella policies and I will be learning a lot on these in near future.

Again, thanks ton on the insight and detailed response.

-Sangam

Hello BPs,

I need your suggestion/guidelines on buying a 2/3/4 plex multi-family house for the first time.

My budget is around $400k and looking forward to holding for 4-5 years. 

A couple of questions:

1. Do you recommend buying under LLC? or personal?

2.  Which one is better: FHA or a traditional loan? I'm planning to go with small community lenders and after some time do a HELOC as well.

3. Any recommendation on buying a multi-family in Philadelphia, PA area? 

I would really appreciate your help.

Thank you,

-Sangam

Congrats Ryan!. 

I'm just starting to look into multi-family investment. Hopefully, I will join the newbie club soon!