My list of investment purchasers just got a little longer. Do you know of any properties like any of the descriptions below that may be coming on the market soon? Please be sure and get in contact with me (please do not just comment on this post as I may not see your message in a timely manner).
Rental investments… (Eastern & Central Loudoun)
We’re looking for investments where the purchase price plus cost to do any repairs is up to about $350K, and the annual potential gross rent is approximately 6.8% of the cost to purchase plus do any immediately needed repairs. In other words:
A property with a cost of $350K needs to have potential rent of $28,000 or $2,333 a month.
A property with a cost of $275K needs to have potential rent of $18,700 or $1,558 a month.
A property with a cost of $200K needs to have potential rent of $13,600 or $1,133 a month.
Development Opportunties… (Fairfax/Loudoun/Prince William)
We’re looking for properties that can be subdivided.
Fix & Flip Opportunities… (Fairfax/Loudoun/Prince William)
Have a property you just can’t sell because it needs too much work? Give me a call, let’s try to work something out.
Teardown Opportunities (Falls Church/Vienna)
If you have a property that is a candidate for a tear down, you know it, there’s already a McMansion on the street most likely. We generally avoid properties that are on roads with double yellow lines or that have too small of a “building envelope” (meaning the area where you can build).
If you know of any opportunities like this, call or email me right away: 703-669-3142 / MyAgentVicky(at)gmail.com.