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Investment Properties in Fairfax County : Real Estate Advice

  • All75
  • Local Info4
  • Home Buying42
  • Home Selling8
  • Market Conditions1

Activity 9
Mon Jul 18, 2016
Mitra asked:
Hi. I have a credit score of 800 and like to finance an investment condo in Fairfax County Virginia. The price is 165K, I will need about 115K of financing. The Condo association has a rent…
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Fri Dec 18, 2015
BubbleBoy answered:
I currently rent and pay like $900 less than what it would cost to buy the place. It's an expensive townhouse of mediocre build quality. By the time the loan is up for the owner who knows what will be left.

Anyways, please do buy a house or townhouse and rent it at a loss to tech folks.

The good news is that the dead cat bounce says the market will drop lower than it did in 2008/2009, and that is good news for those on the sidelines. Bad news for the people that will need to sell that overpaid thinking that somehow someway paying so much for a house that costs so much less to build in a country with declining job prospects and future was wise.

Realtors are salespeople, not financial advisers. It's never both a good time to buy or sell a home. But that doesn't stop them from saying it!
... more
0 votes 2 answers Share Flag
Sun Aug 17, 2014
Suzanne MacDowell answered:
Yes, you just need to pursue the right tactics. Now is a good time to invest in rental properties, and, in my opinion, to begin to consider 'flipping' properties again. This was not the case until recently. Over the last few years, buy and hold was a much better strategy. However, with interest rates as low as they are, fewer and fewer buyers want a home in less than perfect condition, so buy and flip is beginning to make a come back. It is almost always a good time to invest in real estate, it all depends on the strategies, tactics and areas of real estate you invest in. Now just happens to be a particularly good time. ... more
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Mon Oct 21, 2013
Laura Ibanez answered:
I will be happy to help you find a home in the Vienna area if you register at my website: www. LivingInFairfaxCounty.co. This is free and you will have access to homes in the area. There are some very good pointers in this article: http://www.entrepreneur.com/encyclopedia/zoning, if you are planning to set up a rental business. ... more
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Fri Jul 5, 2013
John Ginty answered:
I do not personally work commercial real estate, but I have a teammate in my office who is specializes in this area and does excellent work. I would be happy to be you in touch with him. Please give me a call so I can get some basic information from you and connect you with him. You can reach me at 703-307-3449. I look forward to hearing from you.

Sincerely,
John Ginty
Realtor
Keller Williams Capital Properties Fairfax
10300 Eaton Pl, Suite 120
Fairfax, VA 22030
Cell: 703-307-3449
JohnGinty@kw.com
www.JohnGintySells.com
... more
0 votes 1 answer Share Flag
Tue May 14, 2013
Sue Richey answered:
Like Deniece said, there are all sorts of reasons. As the owner of a residential property management company in Northern Virginia, we are now seeing many of the owners of properties we've managed for many years selling now as the market has improved. There is always a cycle and an owner may not be a true investor but rather an "accidental investor" who got stuck when the market went south. Now is there chance to cash out. Just do your homework on true value of the purchase, realistic rental values and the trends, vacancy rates and expected expenses. I have a very good cash flow spreadsheet if you are serious about investing. ... more
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Tue May 14, 2013
Deniece Mayberry answered:
We are very excited about the new Silver Line Metro stations. Phase one should be ready and running by Winter of 2013. You can go on my website at www.FineVaHomes.com, click on Find a Home, register, and then look in the 22101 (McLean), 22102 (McLean), 22182 (Vienna), and 20190 (Reston) zip codes to see what properties are along the Silver Line Phase One route. You can email me if you'd like the addresses of the actual Metro stations located in those zip codes to assist you in your initial search.

Glad to be of service.

Deniece Mayberry
Associate Broker
RE/MAX Executives
(703) 451-0677
dmayberry@finevahomes.com
... more
0 votes 6 answers Share Flag
Tue May 7, 2013
The Dudley Real Estate Group answered:
Good Evening Philippe.

Your last post here was in November. Did you end up buying an Investment Property?
If yes, GREAT! If you need help renting it out, we can help!

If no, then please don't hesitate to give either Shristhi or me a call. We're available and would love to give you some real estate advice or help you find that property you're looking for.

I wish you the best either way.

Chris

Chris & Shris Dudley
Long & Foster, Realtors
Licensed in DC, MD & VA
Office #: (703) 556-8600
Office Address: 8227 Old Courthouse Road, Tysons Corner, VA 22182
---
Chris Cell: (202) 297-3047
Email: chrisdudley@longandfoster.com
Shris Cell: (301) 655-1521
Email: shristhi.dudley@longandfoster.com
--
www.dudleyrealtor.com
... more
0 votes 8 answers Share Flag
Wed Feb 20, 2013
access2sale answered:
Thank you all for your responses. A friend of mine has signed a lease with an owner and thinks that the owner has bought the house on an FHA loan. Should he report?? and how!!
I am only worried for my friend and basically he doesn't know the truth, how can he find it out. ... more
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