Danny DeKinder is a veteran and a realtor who knows the realities of transitioning from a military career into civilian life all too well. He founded Real Estate Careers for Heroes after he became a full-time realtor and developed a passion for guiding other veterans who were interested in real estate careers as well. It’s Armed Forces Week, the culmination of which is Armed Forces Day on May 19, so we spoke with Danny about his experiences and why veterans make excellent real estate professionals.
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.
According to the New York Times, “This spring’s home sales season is shaping up to be the most interesting one in years.” By mid to late spring the housing market will heat up, and stay that way through the summer, meaning competition and prices will be hotter too.
Hyattsville, Maryland is a dynamic suburb of Washington DC that has seen immense growth recently and is turning the heads of real estate investors and developers alike. While the DC area’s housing market has been steady overall, few areas have been able to match the dramatic growth of Hyattsville. In 2017, condo prices more than doubled over the previous year, and we believe real estate investment and development in the area will only continue.
There’s something strange going on in many Washington DC area neighborhoods. Triangular plots of land, the result of odd street intersections that often look like mini public parks, are being developed for homes in a tough real estate market that’s forcing some serious creativity in order to get in on the action.
Finding the perfect property in Hampton Roads (or anywhere for that matter) can be difficult (even discouraging) if you don’t know what to look for. The key to unlocking profitability lies in understanding the neighborhood and knowing ahead of time what factors will influence the ultimate value of your investment.
Considering a fix and flip in Hampton Roads? Before you buy any property, it’s important to fully understand the region - get to know the people, the economy, the housing market, and anything else that might affect your bottom line.
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.