Good Afternoon Everyone,I am looking into a property that 15,259 sq ft lot in Washington, DC.The property that sits on it is a complete tear down.It was built in 1925,single family detached home with a porch.I wanted to know what you all think of it.It is Northwest Washington,DC.The asking price is around $600k.I am thinking subdivide the land build two homes.Can you give me your thoughts.Thank you

There is a store downtown near the square that has been renovated to our history museum and it has large store front windows.

Here's some info on screening tenants:http://www.biggerpockets.com/renewsblog/2013/01/27/tenant-screening/Washington also has the Washington Landlord Association (WLA) that you might find very helpful.Welcome to BP.

Common in a border community (Washington/Oregon).

We own a 3 bed 2 bath brand new ranch single family home in an excellent community in Martinsburg, WV, which is in the fastest growing county due to its proximity to Washington, DC and Baltimore.

In 2013, I became licensed Broker in the State of Washington & licensed Agent in the State of Michigan to help me in researching, spotting and structuring my investment deals.

Hello BiggerPockets community,

I've been reading BP posts and listening to podcasts for the past 12 months. So I guess it's time to dive in. My name is Andrey. I live in Rockville, MD. I am here to learn ...

Thanks Greg, here are the numbers:Purchase: $375,000 (short sale)Reno budget $75,000Comps on finished homes in the neighborhood are $700-850k and I have the ARV at $710k conservatively as the square footage of the house is on the lower end, but the lot is large.I have the profit under these assumptions broken down like:Sale Price : $710,000Initial Investment : $450,000Gross profit : $260,000Buyer agent 3% (we have our license to sell) : $21,300Investor PRR: $36,000Net profit : $202,70050% to Investor : $101,35050% to Me : $101,350Total to investor : $137,350Total investor ROI : 30%

I own four residential properties in the Washington, D.C. area (Arlington, Virginia, to be exact), three condos and one town home, and am looking for ways to invest even further.My problem is that, given my salary, I really can't qualify for another residential mortgage; and, even if I could, I'm not eager to tie up my money in another long-term buy-and-hold property with relatively modest and slow returns.By the same token, though, I'm also determined not to sell any of my existing four properties, which are excellent long-term investments.

Ykh can also Google Baltimore Washington Meetup