I've passively observed his success and think real estate can be as good as, if not better than, the stock market.I have three immediate challenges. 1) Convincing my spouse, who expertly manages our finances, to give this a go; 2) finding a cash flowing property in the OVERPRICED Baltimore/Washington DC marketplace; and 3) coming up with the down payment for my/our first deal.One other challenge, and I'm sure many on here can relate, tearing myself away from all of the awesomely informative podcasts from BiggerPockets.

@Arpan Patel @Jeff Filali @Ranga Ramanathan 3 bedroom, 1 bath 900 square feetAsking Price - 110k  Offering price - 105k (the most ill pay for the property, will offer lower)ARV - 170k (180k seems normal for the area)Repairs - 20kCash on cash - 49%Monthly cashflow - $212ACQUISITIONDownpayment - 21kHardmoney lender - 12% at 2 pointsLoan amount 84kTotal money in 46kREFINANCEloan - 128kclosing costs - 3k4% over 25 years,rent: $1250tenants pay all utilities.

Hi Everyone, I need a referral for a good go to GC in the Washington, DC metro area.

You may want to use your local GIS map for tax information which will typically give you current owner address (important for direct mail), bed and bath count, square footage, lot size, year built, last sale date, last sale amount, current year appraised value, etc.

I’d get quotes from different flooring companies, they should charge you less for just removing glue, I believe about $1 per square foot.

Anyone here live in eastern Washington care to speak up?

thank you so much for the feedback....much appreciated :-)@Meghan McCallum.....Tanks for the tips on exit strategy, that's one are where I went wrong in the past, the other was not having trustworthy team@John Leavelle....I was in Washington but didn't have a good team in place and didn't account for some of the challenges like tenant problems that led to eviction...costly!  

The square footage when finished will be in line with the largest homes in our neighborhood, so we won't be making it too big for the location.

I use Square Cash App with all of my tenants to complete rent transactions each month.

Live in Washington DC.