Category Archives: DC Real Estate Investing

Maryland Continues to Rank Highest For Flipping – (LINKS)

WREIA 2017 June Meeting
Monday June 12th – Doors Open @ 6:30PM

“Mortgage/Note Investing”

Re: Flipping In Maryland

Yet again – Maryland finds itself in one of the “Best Places to Flip Homes” lists produced by a national publication.

In this case – Time Magazine put Baltimore at the top of the list.

That’s right.
The #1 spot!

If you browse through the other cities on the list, you will also find our friends to the south in Richmond.  Here I am stuck in the middle with you in little ol’ DC.

A few years ago, you would have found the entire state of Maryland ranked in the 3rd spot according to USA Today.

“John – that’s great and all. But it just seems so competitive now. I can’t find deals like I used to.”

I hear you. You and dozens of other friends who have been at this for a long time have said the same thing this year. It has gotten more competitive.

Well – listen up. My job is to keep you ahead of the competition. Even if every member of WREIA did exactly the same thing, we would barely bump into each other here in the DC area. It’s gotten to be that big of a population.

That said, I have no problem sharing this topic with you – because this market is even bigger. 

A few years from now, people (and private money funds) will have caught on to the fact that behind the houses is a HUGE Mortgage/Note market that is slowly opening to the solo entreprenuer or investor.

The good news for you is that if you understand houses and the costs to renovate, current value, rental possibilities, etc. you have an ENORMOUS advantage over your competition when it comes to buying and selling mortgage notes.

Knowing how to buy and sell notes is like a secret back door into a deal.

Now, let’s be perfectly frank with each other. This is not a short-term play.

This is another weapon you can add to your knowledge arsenal when trying to structure a deal.  The more tools you have access to, the more likely you are to be able to solve a problem – profitably.

I see some cracks in the housing markets around the country. Some things that are finally starting to happen as a result of the great recession we went into 10 years ago. It’s opening a market in the note game, and you need to be a part of it.

My job at WREIA is to make sure you have access to a team of professionals who are ACTIVE and experts in what they do TODAY.  We will not introduce you to some tired old speaker that has been talking about the same thing and the great deal they put together 12 years ago.

That said – you need to reserve a seat and be with us at WREIA on June 12th.

This month you will learn how to:

  • Find Notes
  • Analyze Notes (much easier if you have some knowledge of property values)
  • and make GREAT returns.

The good news is that this type of investing is very PASSIVE. This means that you will not be running around town back and forth from a hardware store trying to repair or renovate houses.

Lots of people these days are interested in, or already renovating houses.

VERY FEW PEOPLE UNDERSTAND NOTES.

The icing on the cake is that this is a great method to combine with knowledge about various retirement plans. In it’s simplest form, you can buy a non-performing note. Improve it, and reap the financial rewards in a tax-free or tax-deferred retirement plan. GENIUS!

I make fun of it all the time, but this is the type of business you can do sitting in your PJ’s in front of a laptop anywhere in the world.

IF – you treat it like a business. There are a lot of areas you can mess up. Monday night you are going to hear about some of those mis-steps as well.

I suggest reserving your seat for Monday night – June 12. Go ahead and mark your calendar for the Self-Directed IRA meeting on July 17 while you’re at it.

Combining these two nights is a powerful combo of knowledge that will unleash skills that very few people have mastered.

If you can read between the lines – it also means there is less competition.

Will you join us Monday evening as we have a local note expert at WREIA?

*********

Interested in a single night seat or a WREIA Membership?

Save a few dollars and reserve your seat early.

Tremendous Savings and Additional
“Members Only” Perks for WREIA Members

*********

FOCUS and make 2017 a great year for your business!

Let me know how I can help you,

John Peterson
301-881-5541
Washington REIA Network, President
Profitable Property, Founder

Note Investing Mini-Case Study

Re: Note Investing Mini-Case Study

You saw the National Harbor breakfast video we posted last week.

And then you took a stroll down memory lane with me when I broke out my first real estate education purchase. That was particularly memorable for me because it led to such a great friendship that endured for years.

Today why don’t we get down to the nuts and bolts behind Note purchases?

Here is a great example:

Many years ago, when I was one of the few people in the DC area mailing letters to estates, (today there are dozens – if not hundreds – who mail estate letters into our area) I got a call from one of the people I mailed a letter to.

“Do you buy notes?” he asked.

“Sure.” I said.

His brother in law owned 3 notes and wanted to sell. The notes were in Washington State, Ohio and Florida.

We determined that the notes in Ohio and Florida were “non performing” and had been dormant for a number of years.

The note secured by this house in Washington state was performing. $22,000 principal balance and a $475.00 per month payment.

Here is a photo of the property in Washington State:

The long story short – we bought all three notes for $2500.

That’s called a Motivated Seller.

The good news – We collected 3 years of payments and then received a check for $16,000 to pay off the note.

You do the math….. great return over three years, right?

The best news is that this deal was done inside my self directed IRA.

Combining the knowledge you will learn from our speaker on Monday, with the knowledge about IRA’s you will learn in July, can make your retirement years much more pleasant.

This month you will learn how to:

  • Find Notes
  • Analyze Notes (much easier if you have some knowledge of property values)
    and make GREAT returns.
  • The good news is that this type of investing is very PASSIVE. This means that you will not be running around town back and forth from a hardware store trying to repair or renovate houses.

Lots of people these days are interested in, or already renovating houses.

VERY FEW PEOPLE UNDERSTAND NOTES.

The icing on the cake is that this is a great method to combine with knowledge about various retirement plans.

I make fun of it all the time, but this truly is the type of business you can do sitting in your PJ’s in front of a laptop anywhere in the world.

IF – you treat it like a business. There are a lot of areas you can mess up. Monday night you are going to hear about some of the pitfalls as well.

I suggest reserving your seat for Monday night – June 12. Go ahead and mark your calendar for the Self-Directed IRA meeting on July 17 while you’re at it.

Combining these two nights is a powerful combo of knowledge that will unleash skills that very few people have mastered.

If you can read between the lines – it also means there is less competition.

Join us Monday evening as we have a note expert as our guest speaker at WREIA?

*********

Interested in a single night seat or a WREIA Membership?

Save a few dollars and reserve your seat early.

Tremendous Savings and Additional
“Members Only” Perks for WREIA Members

*********

FOCUS and make 2017 a great year for your business!

Let me know how I can help you,

John Peterson
301-881-5541
Washington REIA Network, President
Profitable Property, Founder

P.S. Interested in a lender or construction partner for your project? We lend to and partner with people all over the DC area. Call the office and lets set up a time to talk through or walk through your project.

My First Tape Set Purchase (Nearly 20 Years Ago)

Last week we posted a video about a National Harbor breakfast meeting.

I had just left the meeting with the expert speaker we will have at WREIA this Monday – June .12th.

In that video, I briefly mentioned the first tape set I purchased about Note Investing.

That nervous purchase at the back of the room started my journey down a path of learning that continues to this day.

The creator of that note course and I forged a relationship and he eventually became a mentor as well as a great friend of mine.

I spent a little while digging around some old material and found the original course.

In a new video we just created, I walked down memory lane a bit and brought out that course as well as a few other re-discovered treasures.

There are a few things I share with you in this video, personal and professional, that you will probably relate to on some level.

Hopefully you enjoy the video half as much as I did creating it.

*********

Interested in a seat or a WREIA Membership?

Save a few dollars and reserve your seat early.

Tremendous Savings and Additional
“Members Only” Perks for WREIA Members

*********

FOCUS and make 2017 a great year for your business!

Let me know how I can help you,

John Peterson
301-881-5541
Washington REIA Network, President
Profitable Property, Founder

Long & Foster execs part with brokerage’s longtime Georgetown office for $8.5 million – Washington Business Journal


Washington Business Journal

Long & Foster execs part with brokerage’s longtime Georgetown office for $8.5 million
Washington Business Journal
D.C.-based developer Penzance Cos. has acquired Long & Foster Real Estate Inc.’s longtime Georgetown office building for about $8.5 million but doesn’t plan to displace Greater Washington’s largest residential real estate company from the premises …

Former President Obama Finally Buys the DC Home He’s Renting: 6 Smart Reasons Why – Realtor.com News


Realtor.com News

Former President Obama Finally Buys the DC Home He’s Renting: 6 Smart Reasons Why
Realtor.com News
“It was always a little perplexing why the Obamas would ever rent if they planned to stay for anything longer than a year,” contends Washington, DC, real estate agent Rachel Valentino. Her reason: “While they’re buying at market value, they can
Obama Purchases Washington DC Mansion For $8.1 MillionWestern Journalism
Barack and Michelle Obama buy amazing $11m home in Kalorama, Washington DCNEWS.com.au
PHOTOS: Obamas buy house they were renting in DCKFSN-TVall 46 news articles »

Something To Talk About This Memorial Weekend

Re: Mortgage Note Investing

How many of your real estate industry friends have ever done a “note” deal?

When I hear about note opportunities, it is music to my ears.

I’ve been waiting all week to use that line. I couldn’t resist.

Mortgage notes are everywhere around you. Most people think that only banks create mortgages. The reality is, a lot of wealthy people own “paper” on all types of property.

When wealthy people want to sell, well, just about anything, they know that they have a lot of options. Creating paper is simply one of the options.

Especially these days. The interest rates are so low at banks, if you have a chance to create “paper” (industry slang for a mortgage on a property) you can often get a much higher rate of return vs. a savings account. If they don’t need more cash, owner financing can be a great option.

But it doesn’t stop at houses.

Friends of mine have bought and sold cars, boats, land, apartment buildings, and even businesses and small companies – all using a wide variety of “owner financing.”

This creative process of owner financing will open your eyes to a whole new world of opportunity.

Our guest speaker this month at WREIA is a real go-getter. He is somebody who took a note class years ago and actually walked out the door and implemented what he had just learned.

You will be shocked to learn just how much of an opportunity there is in the note market. Some of his recent stories are nothing short of impressive.

It’s not just “mom and pop” that want to buy or sell notes. Banks, mortgage companies, hedge funds and private persons all are out here in the note markets – buying and selling every day. It’s a huge market.

Why are there so many people out here? Because it can be terrifically lucrative.

But – be aware. There are plenty of chances to make a mistake and you can screw up in this market. BIG time.

When you are out and about this weekend, maybe hanging out with friends or family – ask around and see if anyone has ever bought or sold something by creating a note for it.

Lots of us have done it. We are talking about the purchase of anything that allowed a buyer to pay over time versus paying all cash right now. Once you find someone, ask how the process worked for them.

Most people are surprised by how positive (and easy) the experience can be.

If you have been beating your head against a wall trying to make a deal work – having some additional knowledge could help you figure out a solution.

Have a great Memorial Day weekend!

*********

Let me know how I can help you,
John Peterson
301-881-5541
Washington REIA Network, President
Profitable Property, Founder