Washington, DC is a unique area to live. The lifestyle, development restrictions, and “transportation infrastructure” have shaped who moves to the region and how many homes are being built.
But as more jobs are promised in the future, heads turn to Washington, DC for the next place to call home. As they do, real estate investors are perking up to see if investing in Washington, DC real estate can be profitable. Here’s why we argue it can be.
We are hosting our final real estate investor meetup of the year and we want you to join us! This month's featured guest speaker is an experienced and trusted general contracting expert, as requested by previous attendees. Gary Jones will provide insights on working with general contractors and answer any questions you may have related to general contracting.
Southwest DC, an area once perceived as an uninteresting and inferior part of town, has become a thriving neighborhood and a revered destination for visitors. As a recent BisNow article notes, people are flocking to this section of our nation’s capital for its entertainment, its rising food scene and lodging, not to mention a remarkable waterfront experience and the allure of one of Major League Soccer’s hottest teams. And now that Southwest DC has a legitimate “it” factor, the commercial real estate market there has seen significant changes. When years ago there was nothing of importance in the area, it is now seeing a demand for — and the development of — high-end hotels and high-rent apartments. So what’s the cause of the turnaround? What has turned this forgotten location into a commercial real estate investor’s dream?
Though condo sales have fallen somewhat in Washington, DC during the past year, they haven’t shown signs of a significant decline. In fact, the latest report from commercial real estate research company, Delta Associates. is showing that the market is still strong overall. And, most interestingly for real estate investors, certain DC neighborhoods are showing promise and profitability, especially in the Capitol East submarket. So let’s take a look at the facts and figures in order to properly understand what can be expected in the DC condo market in the near future.
The Washington, DC metro area real estate market is constantly evolving — and the just-announced location of the Amazon HQ2 in the area is only hastening that trend. Longtime residents can speak to the influx of prosperity in locations that were once overlooked by real estate investors. New neighborhoods have come to life, and quiet suburbs are experiencing a rebirth. A recent article in the Washingtonian highlights 15 neighborhoods expected to see dramatic changes and the largest price bumps over the next couple of decades. So let’s take a look at a few of the most promising of these neighborhoods.
Setting out to do a home renovation project can be a costly and time-consuming process, even if you’re confident you know what you’re doing. Contractors tend to see the same mistakes over and over again. Here are five of the most common mistakes and how to avoid and/or fix them during your renovation project.
Multi-family property investing can be very lucrative. But it is also very different than single-family property investing. Single-family investment tends to be designed for a quick turnaround — get in, fix up, and get out — where as multi-family is a much longer-term investment. There are a variety of different factors to consider, different numbers to crunch and different research to be done...
Flipping houses can be a great way to make some extra cash, especially if you’re handy and can do a majority of the work yourself. You might think you need a substantial amount of money in the bank in order to purchase houses to flip, but that’s not always the case. So, what do you do if you don’t have extra capital sitting around, but want to get into the fix and flip game?
American Association of Private Lenders Annual Conference, November 4-6, 2018 at Caesars Palace - Las Vegas, is the only place private real estate lending professionals need to be to expand revenue and scale their business. With speakers, businesses, and real estate entrepreneurs from across the country, you're sure to learn something new and expand your network. Here are 5 reasons why you don't want to miss this years event:
Getting into the fix and flip business can be overwhelming, regardless of how much experience you have with doing renovations or working in the real estate market. Before you even begin to think about the other aspects of fix and flip real estate investing, you need to know how to find a property to flip. There are a few different ways you can do this, but the ultimate goal is to pick the best investment for you and your skillset, while aiming for a strong ROI (or return on investment) so your hard word pays off in the end.
Very few people have the cash on hand that is required to fund the construction of a new home. This is why builders, buyers and investors turn to construction loans to finance new builds they couldn’t otherwise afford. But what exactly is a construction loan?