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👋🏾

Yeah that’s what we call a diamond in the rough😅

I can appreciate that ☺️

There a lot of good inventory under 1 mil in Bethesda. Maybe I’ll do a video on some

I know right 😅

Still on the market 😅

Prices have definitely increased over the past few years. But we have a lot of affordable areas in someone our secondary markets that a lot of people are moving to as well. 👍🏾

I’d tend to agree lol it ain’t even got no basement. Lol. But there’s still lots of good stuff out there

Facts

Facts. DC say DC. For real for real only people around here who say DMV is MD/PG people. Everybody just says where they from. But nationally it’s know as the DMV

Welcome!

Walter Reed moved to Navy Med in 2010 or 2011

All of America is over taxed 😂😂

​@@danwheelersellshomesDMVRealtorthe water is better in Virginia 🌊

Glad you find it valuable!!💪🏾

@@danwheelersellshomesDMVRealtor 💯

Correct

They’re all under contract so maybe not. “Over priced” is a relative term based on value.

@@danwheelersellshomesDMVRealtor I understand, but see any reality where that first house is worth $715,000. But anyway, you very likeable, my wife and I are getting ready to start looking for a house to buy, I think we would like working with you. Do you just do MoCo, or do you do the entire MD?

That’s great! I do all of the DMV. Click the link and let’s get on Zoom 👍🏾

Correct.

I don’t disagree with that

Thank you!!

You’re right!

@@danwheelersellshomesDMVRealtor good content though bro

@@yessir8805one of the universities that falls under that univetsity of Maryland system is located in Rockville so he’s right…

@@DMVBLACK College Park is umd. Not no damn Moco.

@@yessir8805 I know that fool. He said the university of Maryland, there’s a umd shady grove in Rockville . I didn’t hear him say umd college park, if he did time stamp it for me lol

Ion think so😂

Thank you!

​@@danwheelersellshomesDMVRealtorGIVE MORE DC PLEASE. AUGUST 4, 2024

I will! Thanks for the feed back!

Correct👍🏾

Thanks!!

My pleasure!

I guess we’ll see. Thanks for the feedback!

I’d agree with you if we didn’t have such an inventory deficit and didn’t have so much pinned up demand. 🤷🏾‍♂️

@@danwheelersellshomesDMVRealtor We have an "inventory deficit" only in a handful of highly desirable legacy jurisdictions with absurd regulatory and zoning regimes that continue to prevent new units from being built at scale. All over the rest of the country there are huge suburban housing developments that have gone up in the last two years which have half the units sitting unsold now that demand has slowed. Loan originations have tanked by 50% or more, mass layoffs occurring on both the financing and construction sides of the residential market, prices already having dropped by up to 10% on these unsold homes have still not enticed buyers... Everything points to a big-time unwinding over the next couple years. May not be as sharp as 2008, but will probably be deeper granted how much worse the overall economic climate is now; and like before certain privileged jurisdictions will be shielded from the worst effects due to evergreen demand, but most of the rest of the country will take major hits to inflation-adjusted home values that will take a long time to recover from.

Ok that’s good info. So how are you, like so many did during the Great Recession, going to take advantage of the shift that you predict?

@@danwheelersellshomesDMVRealtor Me personally? Getting capital and financing quals prepared in advance to hunt down a well-located fourplex in a jurisdiction that's still poised for growth in the medium-to-long term, buy it with an FHA loan, live in one unit rent the others while making improvements for a couple of years to satisfy owner occupancy requirements, before repeating that strategy with a second and ultimately third property snowballing the cash flow forwards towards larger loan qualifications for nicer properties each step along the way. Won't build much equity if any at all for 4-5 years on each property, but by that time residential real estate prices will be recovering and equity will start to grow from the market conditions alone even if I'm still early in my amortization schedules, plus I'll have the option to refi at much lower rates by then, so I'll be sitting on both the enhanced cash flow from all my units plus a reservoir of equity for any further improvements or emergency repairs that are needed, also with the option to simply exit and capture that equity if I'm tired of managing 8-12 units and decide it's not something I want to deal with indefinitely.

Yes for sure. 🙌🏾

Could I enam Montgomery and marquia Montgomery use you for help in that area

Hey Marquia. For sure. I can help let’s connect this wee. Send me a dm!

My pleasure. Thanks for watching!!

True lol

Yup

Glad it was helpful!

Thanks for listening

Sure. And in 1986 they were 16% :D

Thanks

I will next time! Thanks for the feedback

Thanks!

Maybe. That's why holding assets with intrinsic value is key. If they switch the currency people will always need a place to live

Not actually. 3.5% is very common. What happened in 2008 was No Income No Job verification loans. Plus Adjustable Rate Mortgages and Mortgage Fraud by Appraisers and Banks.

What you mean?