Real estate investing is a common practice within Washington, DC, where almost 1 in 5 homes was an all-cash purchase in 2017. One of the most common ways to invest in DC real estate is to purchase homes that are in need of rehabilitation. Whether it is through extensive repairs or a simple bathroom remodel or two, all investors know that they must calculate the anticipated After Repair Value (ARV) before they embark on a house flipping journey.
Carol Scott, and her husband J Scott, had high-paying corporate careers before giving them up for a life that would allow them to focus on family. This Mother’s Day, we spoke with Carol about real estate investing and motherhood. Read our conversation below to find out how she got started, why real estate investing works for her family, and what advice she has for other moms interested in real estate investment as a career.
These days, it has almost become a cliche that major U.S. cities situated near the coasts have outrageously expensive real estate. Yet the truth is that while many of these cities certainly have plenty of high-end properties, they also feature strong small to mid-range markets for buyers and and those interested in real estate investment.
Gallup recentlyreleased reportsindicating that the majority of Americans believe that real estate is the best long-term investment. The esteemed polling organization determined 34% of Americans surveyed choose real estate as the best investment for the fifth straight year.
Washington, DC neighborhoods are constantly evolving and changing. Do you know which ones are hot spots to watch for real estate investing? Check out our video below to find out our top 4 for 2018 and see what makes each one of them prime candidates for your next investment project.
As with any goal, deciding that you want to invest in real estate is half the battle. But once you’ve made the decision to jump into the real estate investment game, you should make sure that you’re doing everything you can to be as successful as possible. After all, there’s no point in investing your hard earned money only to have insignificant returns or - even worse - lose money.
Making the decision to invest in real estate in any market is a big one, but as the market continues to improve across the country, investing in real estate in Richmond, VA should actually be pretty easy. As it turns out, real estate in Richmond is a hot commodity right now, with many indications that it’s only going to continue to grow.
Once you’ve made the decision to begin passively investing in real estate, it’s time to decide which firm you’d like to work with. At Walnut Street Finance we make the entire process as simple and secure for our investors as possible - including the process of collecting their returns. You’re probably wondering how, exactly, we do that and what those steps are.
Every city and town across the country has been hit with at least a few foreclosures in recent years, including Richmond, Virginia. For those looking to invest in property, the word “foreclosure” can send up some huge red flags. After all, if a property has been foreclosed on once, is there an underlying reason that the property may not be a good investment the second time around? In some cases, it’s simply due to the original owner or developer getting in over their head and biting off more than they can chew. In other cases, however, it could be that the surrounding community simply wasn’t a good fit for the type of property being developed. When taking a look at Richmond foreclosures specifically, though, it would seem that they’re a fairly safe investment.