Category Archives: Investors

A Short Course on Non Recourse Loans

We are all familiar with traditional mortgages.  There are fixed rate and adjustable rate loans typically running 30 years.  Most of these are sold to Fannie Mae or Freddie Mac or are backed by FHA or VA.  The requirements of these are fairly standard and the application process quite painful.  The applicant and the loan […]

September Stats Show Shift

(Say that quickly!)    I usually just post the monthly numbers in the Market Stats section of the website and do not comment on the numbers but there was one number in the September results that showed a small turn in the market.  Most people tout the change in average price as an indicator in […]

Problem Solving 1031 Style

I recently had a investor client call saying they would need my services to help rent out their property in Vienna VA. This is a property they bought for $225,000 and is now worth $325,000. They are blessed to have been able to pay off the home and own it free and clear.

This client has called a few times over the past two years and asked about buying another property but even though they were able to pay off the existing rental, there is not much cash available now to purchase a new investment and for various reasons (mainly being that they recently purchased a principal residence with me) the numbers never seemed to work for that next investment. So when I heard that their long term tenant had left and they wanted to rent it again, I proposed they sell it instead and here is why.