Sitting on Top of Belmont Bay Waterfront Home For Sale

Sitting on Top of Belmont Bay Waterfront Home For Sale

Come and see this recently updated waterfront home with best-in-class designs, high-end appliances, luxury finishes, new HVAC & roof. With close to 4,000 sf of finished space, this special home offers 4 bedrooms and 3.5 bathrooms, open kitchen, media, workout, steam & great rooms, fabulous master suite with office/den, granite wet bar & balconies, two car garage, fully finished workshop/Man Cave. Multiple balconies, bay windows, landscaped patios, and decks provide expansive water views and extensive entertainment options.

This is an exclusive opportunity to own one of the only 2 waterfront homes in Belmont Bay which have deeded waterfront property and a private, deep water dock. You don't want to miss this!

Source: Open House on Belmont Bay Waterfront Sunday March 17, 2019 2- 4 pm

LOOK AT OTHER WATERFRONT PROPERTIES IN DC, MD, VA.

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Hours & Info

1-202-760-5265
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Buying Your First Building for Your Housing Business

Buying Your First Building for Your Housing Business

Multi-Family Housing Inventory
Multi-Family Housing Inventory

Strategically, making a long-term investment in a building for your housing business is a very deliberating business decision. However, for new or growing housing business you can take advantages of the residential exceptions. For example: a buyer can purchase a multifamily property with 2 up to 4-units and still not be required to down pay 25% because the buyer will use 1 of the apartments as a primary residence.

On average the asking price for a multifamily property in the Washington, DC area is $625,000.00. You may find some less than that. However, you will surely find

1914 8Th Street NW, Washington, DC 20001 4-Units $1.7M
1914 8Th Street NW, Washington, DC 20001 4-Units $1.7M

more above that because the ownership in this area is more businesslike than owning 2 to 4 single-family houses that you rent out individually. I hope you can understand the differences as easy as I will try to explain:

  • 4 separate houses can be managed as 1 residence at 4 different addresses
  • A 4-residence property must be managed as a business open to the public
  • If it is 4-units, you will have 3 customers for your business. And,
  • If it is 2-units you will have only one customer. Which is not as demanding as a 4-unit property.

Here are some of the steps you will need to perform during the conduct of your business from shopping to day-to-day managing the business. Your F.O.C.U.S. Consultation will uncover these and more important considerations.

  1. Do perform a detailed and realistic evaluation of your projected cash flow or income resources. It is called projections because you are looking forward into the future from where you are financially. If you are relying of some sort stabilized compensation, see how much over your own personal living expenses you can afford to pledge to the undertaking. Most buyers who are still employed usually have a debt to income ratio of 41% for their living expenses and that's how they can afford to acquire a 2 to 4-units apartment building if they reside in one of the units.

    1603 A Street SE, Washington, DC 20003 4-units $2.150M
    1603 A Street SE, Washington, DC 20003 4-units $2.150M

    Take account of your projections to determine the area location you are affording. If you have the required down payment for the financing program you are using plus reserves for the closing costs, you are planning to own and operate your housing business for 10 to 30 years. Your ValueAddedRealtor can find the right building available at an affordable price for you. Don't look for Feng Shui unless you are prepared to pay a very Feng Shui price. The value of your newly acquired housing business asset will greatly depend upon how much value you can improve into it so that you can charge more rent and get more stable tenants. Owning the building for your housing business is better than leasing it from the owner and subleasing to tenants. The benefits of owning includes the sum total fixed costs you can budget and prepare for in advance. Using a master-lease for the asset is subject to ever-increasing triple net (NNN) costs in commercial properties while you are fully capable of buying residentially as your home. Another reason for buying a multifamily property is the income from tenants. Since you are already affording the mortgage note on your income alone, f you manage the business we you can draw down that 30-year mortgage in 10 years ultimately having a refinancing position to buy another property to increase your housing business assets. Moreover, real estate appreciates over time so it's not the amount of properties you can buy but the better you appreciate it.

  1. Get the help of your ValueAddedRealtor to locate the appropriate building you should buy for your housing business. Base your location on the density of the neighborhood, building operating cost and improvement needs. If you have experience in letting out real estate leases, your Realtor should guide you through

    5615 1ST Place NW, Washington, DC 20011 4-Units $1.5M
    5615 1ST Place NW, Washington, DC 20011 4-Units $1.5M

    the process and your ValueAddedRealtor can give you management tips so you can get off to a cool and smooth running. Look at the location objectively. If there are limited parking spacing for the area and your selected property has some parking, evaluate the public transportation situation to see if you will increase the rents when you are the owner. That is just an example of turning limes into lemonade. Get the best from your ValueAddedRealtor.

    Most home buyers just pay for a home inspector to look at their new purchase. Very few take advantage or the service. I urge you to attend even if it is just for information purposes because the seller warrants to make no repairs. Please take advantage of the professional inspection of the property. Ask how things are so you will have intimate knowledge of the building and how it operates. There are many rules-of-thumbs in construction these days but most likely the property was not built yesterday. Ask how things work because figuring them out with the inspector is a great way ensuring they are in good shape. The inspector won't be able to break open the walls to see what is behind but learning which of the 4 switches is for the lighting in the living room is very sensible. You will know what you can live with now while you plan substantial repairs and improvements.

  1. If you are still interested at this point, run down a detailed analysis of your financial projections to ensure your housing business plan is sound. Available funds after closing the acquisition should be enough reserves for paying the mortgage note for 6 months. Compute the costs of the mortgage payment, insurance and other expenses of operating the building against your present living expenses that would be included in the new note. Most utilities are the same for single-family house times the number of units in the property. So, you are not surprised after you purchase the property, do budget for a private garbage removal service. That is a gray area of concern like the water and sewer utilities. Most sellers are not declaring the expense in their disclosures. It may be applicable to the new owner as jurisdictions are requiring that more multi-family dwellings get private refuse haulers.

Those 3 steps should get you off and running in the growth direction. Do manage them well and deal with written leases with also subsequent written amendments. It is that simple. Landlords and tenants have created bigger courts than the criminal courts. When you are making progress onto another property, you may want to charter a limited liability company or a corporation to own the

1731 Riggs Place NW, Washington, DC 20009 3-Units $2.4M
1731 Riggs Place NW, Washington, DC 20009 3-Units $2.4M

properties. You can put the first property into the corporation/business entity so you can leverage financing for the subsequent properties. More advantages for that move include paying the overhead expenses for the business to the revenue of said business.

Never underestimate your #ValueAddedRealtor to help you shop for the best possible financing package for your building purchase. After you have established your business with your success with the first property, your business will get several perks. One of the perks is lowering the down-payment threshold for subsequent purchases. Mix the perks and business advantages together so you can propose development projects to your local Department of Housing and Community Development agency for tax credits, lower cost financing and development grants.

Building up housing business is the specialties for Rodwell Smith Complete the required facility inspections, obtain business insurance and close the deal. Move your company into the new building. If there is considerable extra office or floor space in the building you don't need, work with your real estate professional to lease out the remaining space. There are additional responsibilities involved in being a landlord, however the increased revenue from your housing business income can help you retire or expand your wealth more steadily than any other business..

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Hours & Info

1-202-760-5265
Book Appointments on www.rodwellbuildingservices.com and receive a Real Services Coupon for $495. OFF Broker Flat Fee and Get Qualified for 101% Financing

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FINDING THE LENDER THAT’S RIGHT FOR YOU – Embrace Home Loan 100% no PMI

FINDING THE LENDER THAT’S RIGHT FOR YOU – Embrace Home Loan 100% no PMI

But with the right lender, you can help clear some of the biggest hurdles of homeownership – qualifying for a mortgage, meeting contingencies, and closing deadlines. Here are three key things to look for when finding the lender that’s right for you.

http://spacecoastdaily.com/2019/03/watch-embrace-home-loans-stephen-thaggard-looks-ahead-at-2019-forecast-in-brevard-for-home-loans/

LOOK FOR EXPERTISE

Look for a direct lender with a long history of financial stability, and a Loan Officer with extensive experience – two tall orders that Embrace Home Loans can fill.

LOOK FOR IN-HOUSE CAPABILITIES

Embrace’s in-house underwriting can review loans within 24-48 hours, and their Loan Officers offer local processing. That means you can reasonably expect a loan commitment in seven days or less.

And with Embrace’s automated updates, you’ll be informed every step of the way about your loan’s status. They’re also authorized to underwrite many of their Jumbo products, so closing in 30 days or less is still part of the culture.

LOOK FOR ARRAY OF PRODUCTS

There are many federal, state, and local programs available that can put homeownership within reach. Make sure you have access to all of them.

With Embrace’s portfolio of products, you can choose the ideal mortgage product based on your individual financial situation. Embrace also has exclusive programs that make the process easier.

 

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My Year of Eats – Dieting can help you move into a new house also!

My Year of Eats – Dieting can help you move into a new house also!

Saving up a Home Buying Fund and budgeting successfully to achieve that sane goal starts and ends at Home. Learn from these Young folks how they did it.

"For the first time, I took a deeper look at where our dining out dollars went this year. I did this in retrospect – not to keep the spending down throughout the year – but it will inform my 2019 budget.

Rom and I set aside $200 a month for entertainment. If not spent by the end of a month, it carries over. We use it for big-ticket events like festivals, concerts, plays and movies. When fewer events strike our fancy, we pay for restaurant meals from the account. The only caveat is that the entertainment fund is for the two of us only – not to be used to buy coffee on work days or other individual stuff."

https://wp.me/p25oSj-263

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Attention: RodwellBuildingServices does just 1 thing…

Attention: RodwellBuildingServices does just 1 thing…

Very soon you will be settling into your own custom home, so please get to know RodwellBuildingServices™

RodwellBuildingServices™ helps real property Buyers, Sellers, Lessees, and Landlords-Owners evaluating the physical features and amenities of the various types of real estate redeveloping them into more profitable investments. Our service area is within a 50-mile radius of Washington, DC into Maryland and Northern Virginia.

RodwellBuildingServices™ purpose is building upon every customer's real estate material comfort and helping them acquire additional properties as well as improving upon their existing possessions. Consequently, we maximize the values their assets — through the interdisciplinary real estate redevelopment proficiency in construction, marketing, and finance. Follow us here on LinkedIn for your custom real estate solutions.

 

Let's get your RodwellBuildingServices™ F.O.C.U.S. Consultation done. You will gain solutions and recommendations, specifically for your circumstances, needs, wants and desires. Since we specialize in renovation mortgage financing for you to combine purchase and enhancements in one trust, RodwellBuildingServices™ enables you to find the best properties for your demand.

Renowned for our lifetime-customer services; you get the same services when you are adding to your holdings and even when your offspring are setting up their treasures. Visit our website and join the Realty Club! Of course, RodwellBuildingServices comes highly recommended and has an "A+" rating with the Better Business Bureau. So, our secured website https://www.RodwellBuildingServices.com enables new patrons to learn more creative real estate development tactics and strategies and collaborate with tips on lucrative deals.

Come On! Its easy to find us around the area. Come get your keys and your Deed.

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10 Quick Tips About Business Development

10 Quick Tips About Business Development

Lorem ipsum dolor sit amet, consectetur adipiscing elit. Duis mollis et sem sed sollicitudin. Donec non odio neque. Aliquam hendrerit sollicitudin purus, quis rutrum mi accumsan nec. Quisque bibendum orci ac nibh facilisis, at malesuada orci congue. Nullam tempus sollicitudin cursus. Ut et adipiscing erat. Curabitur this is a text link libero tempus congue. Duis mattis laoreet neque, et ornare neque sollicitudin at. Proin sagittis dolor sed mi elementum pretium. Donec et justo ante. Vivamus egestas sodales est, eu rhoncus urna semper eu….

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14 Common Misconceptions About Business Development

14 Common Misconceptions About Business Development

Lorem ipsum dolor sit amet, consectetur adipiscing elit. Duis mollis et sem sed sollicitudin. Donec non odio neque. Aliquam hendrerit sollicitudin purus, quis rutrum mi accumsan nec. Quisque bibendum orci ac nibh facilisis, at malesuada orci congue. Nullam tempus sollicitudin cursus. Ut et adipiscing erat. Curabitur this is a text link libero tempus congue. Duis mattis laoreet neque, et ornare neque sollicitudin at. Proin sagittis dolor sed mi elementum pretium. Donec et justo ante. Vivamus egestas sodales est, eu rhoncus urna semper eu….

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