All Forum Posts by: John Ma

Hey Christopher.   I just moved out of Norfolk. There are tons of areas in VB, Norfolk, Suffolk, Chesapeake that good for marketing for properties.

@Jason 

@Jason Bowers

Can you send me info on this proj?  Is he looking for someone who can put the project together or someone with cash to put down on the deal?

Look up John Lee of Wealth Dragons.  

go to a local REI group and get on the mailing list. You wont be short of hard lenders and and cash buyers if you have a good deal.

Yes they notified that they were terminating my policy.   I figured that meant they are switching it to an unoccupied policy like my old insurance co did.   

I talked to my insurance co and they don't do unoccupied policies.

I guess I'm screwed out of of a stole HVAC unit huh?  The plus is after i get a new one, i wont have to worry about the unit for a while.  

I wanted to hear if anyone else has had their property gone through long period of vacancy during the winter months.  I always assumed they change the status and charge a different rate or policy when its vacant.

Apparently my insurance company cancelled my policy when it was vacant for too long.  

I found out today when i was told by my prop manager that the AC unit was stolen and tried to file a claim.

 Not much.  I qualified for a loan just a few months out of college.   

REI are Real Estate Investors. Kind of a loose term, but I mean someone who has been investing in the area and know it well. Most will be happy to help for free, as are any brokers/agents.

 Hey Cesar,  you do not need a bunch of groups, just a few good ones.  Caza a good one with a very large network.  Plentiful hard lenders, rehabbers, and contractors in the network.  The one your closest to is prob Haymarket ran by Nhan.  He's a good guy.

Another group in Tysons Corner is Alfa. 

Hey Tyler, I started buying houses in the same situation as you. I used an FHA to buy my first house while i was in grad school. You need to learn what types of houses work for your rental market. I would talk to a local property manager in your area or a seasoned REI.

I knew my rental market and bought something that I could live in and still have enough rooms to rent out and still cash flow.