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18 July 2020 | 17 replies
We see on bigger pockets daily many people talking about how they're sitting on the sidelines with a pile of cash waiting for a crash so they can get a great deal, seller agents know this so they will be trying to get their clients as much as possible to get a bigger commission. then there's the fact that there will be competing buyers unlike the last crash when we had many options for properties, and the sellers were begging for buyers to show-up.From what I've seen is most major metropolitan areas, Los Angeles, New York, Seattle, Miami, Washington, DC. etc. all have implemented policies to prevent widespread evictions of tenants far beyond what the banks are noting as the deadline for no foreclosures, to make sure they don't get devastated like last time, so it's back on the small to mid-level operators as to how much damage will be done.I'm not an Economist so this is just my own opinion, and expectations.
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17 July 2020 | 1 reply
Additionally, I am mostly interested in the DC and Maryland markets, but eventually will likely look to be licensed across all three.
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17 July 2020 | 5 replies
Most actual comps are for quads in D+/C- areas and have closed typically between 180 and 225k depending on condition.
21 July 2020 | 11 replies
I moved to DC for college and have been here ever since, but still go back to St.
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18 July 2020 | 3 replies
In OR (and WA) most title companies are under the purview of state insurance commissioner that sets their rates.
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8 August 2020 | 6 replies
Labor and materials were about $15,000 total to make the quality comprable to our previous house in Washington Heights.
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18 July 2020 | 0 replies
Investment Info:
Single-family residence fix & flip investment in Tukwila.
Purchase price: $135,000
Cash invested: $30,000
Sale price: $260,000
1939 bungalow 2BR/1BA on 1/3 acre with three ap...
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30 August 2020 | 17 replies
The more developed neighborhoods (Cherry Creek, Washington Park, Highlands, RINO/5 Points) are cool but also more expensive.
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18 July 2020 | 0 replies
I live in the Seattle,WA area, great for appreciation but home prices in the 300s are considered cheap.
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8 September 2020 | 20 replies
IDK, but maybe that's a good market to tap into as many families need a STR for both VMI and Washington and Lee events.