BiggerPockets Real Estate Podcast - 860: How I Made $50K in 6 Weeks in an “Extremely Competitive” Market

Episode Date: December 20, 2023

Do you want to make $50,000 in six weeks? Even in this housing market, it’s more than possible. You might think we’re bluffing; with high mortgage rates, little-to-no inventory, and buyer demand down from its peak, most real estate investors believe the market is a graveyard, but they’re wrong. In today’s show, we talk to Mike Cappello, who has been doing a few quick house flips and making an unbelievable return.  But that’s not all. We’ll also talk to the agent who found the deal, Rob Chevez, about what’s making the most money in the “extremely competitive” market of Washington, D.C. The duo will discuss why D.C. is such a solid market to buy, hold, or flip in, the “buy box” they designed to find the most profitable house flips, and how they’re financing deals EVEN with today’s sky-high interest rates. We’ll also get into the nitty gritty of Mike’s latest deal, the one that could make him $50,000 in just six weeks, and the exact steps to follow if YOU want to do a deal like this in your market. The real estate deals are here; stick around to learn how to find ‘em!  In This Episode We Cover How to make $50,000 in just six weeks by doing quick, cosmetic house flips  The effect of high mortgage rates on investors and why there is still PLENTY of demand for properties  Building your “buy box” so you can land a killer deal as soon as it comes across your desk The pros and cons of investing in a super competitive housing market like Washington, D.C.  The biggest mistakes house flippers make in a real estate market like today’s  And So Much More! Click here to listen to the full episode: https://www.biggerpockets.com/blog/real-estate-860 Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email [e-mail]. Learn more about your ad choices. Visit megaphone.fm/adchoices

Welcome to the Bigger Pockets Real Estate Podcast, episode 860. Today we're doing something a bit unique. My good friend David and I are actually going to be splitting up and bringing you two separate interviews. Each episode is going to feature a Boots on the Ground investor and real estate agent who are doing deals in today's market. That's right, doing deals in the ominous 2023 market. Ooh, we're going to hear from Mike an investor in the Washington, D.C. area, who's making a profit flipping properties, Which is really interesting, actually, because flipping properties is a very risky strategy in today's market.

So we're going to walk through one of Mike's deals and discuss what best practices and strategies he's using to make these deals pencil out, aka what is he doing to not lose money on his flips? You're going to also be hearing from Mike's real estate agent, Rob Chavez. He's going to discuss market conditions, sourcing this deal in the process of working with real estate investors. Rob is actually one of the featured agents on the Bigger Pockets Agent Finder. This tool helps investors like you find real estate agents that are. trained in the world of investing in their specific market. So visit biggerpockets.com slash agent finder to learn more. And by the way, if you want to listen to my partner in crime, David Green's solo episode,

then you're going to want to be on the lookout for the next episode coming out later this week. Without further ado, let's bring in Mike and Rob. Rob, welcome to the show. I want to talk about the metrics of this market. And to start the show off today, can you tell us a little bit about yourself as a real estate agent and what market are you focused in at the moment? I'm an agent with Kelly Williams Realty in Reston, Virginia, which is just 30 minutes outside of, you know, D.C. area. We really come to the DMV area. So D.C., Maryland, Virginia, kind of DMV is what we call it. But I specifically focus on Fairfax County, Loudoun County. And that's, you know, that's kind of our backyard. Yeah, so that seems like a pretty big market from Maryland down to Virginia, just thinking about it. How big is that market? Like, if you were going to drive from one end to the other?

hour and a half maybe max but it's incredibly dense like that's the thing right like rest it alone where where i am there's 60,000 houses and it's a little pin drop in all of the dmv area can you give us a little bit of a i guess an overview of what it looks like for days on the market in the dc market area specifically i mean it's it's under 30 right now right now there's pockets rob there's like it's like everything there's pockets but i'll give an example like In Reston right now, we're at like 17 days on market. It's like super fast, still going. And just to give you perspective, we listed two properties over the weekend.

One had six offers. One had three offers. All of them were still multiple contracts. Now, I know some of my brothers and sisters that are listening right now in different parts of the DMV market are like, well, I'm not experiencing that. Like, you're not experiencing that in condos in D.C. proper. that's months on the market, like the average days on market, right? So it's such an incredibly dense area. Every area is slightly differ. So yeah, let's talk about that. The market conditions are obviously changing quite a bit. And it sounds like based on what you just said, 17 to 30 days,

depending on what pocket you're in, how is that different from a couple of years ago when we were really at the peak of this real estate cycle? Well, it was two or three days on the market. I mean, when I'm telling you, days on market were like five days. That was it. Wow. Right. Yeah. So it's slowing down, but Rob, it's still incredibly fast, right? It just, just to put in perspective, conversation I was having with one of my agents, he was like, out of all the contracts, more than half were still cash. Wow, really?

And so there's still a lot of pent-up demand that's out there, at least in the DMV area. So do you think that this market, given that there's so many cash offers and the fact that the days are still, you know, relatively low, 17 to 30 like we were talking about. Is this a competitive market for first-time home buyers and investors? Well, extremely competitive. I guess my question is, obviously, things have shifted from days on market. A little bit more. It sounds like things are flying off the shelf if it's a great deal.

Tell me a little bit about how the interest rates have impacted investors in today's market. Oh, yeah. I mean, it's definitely dampened anybody that's trying to make their buying whole numbers work. So different strategies need to get employees. We're starting to see people doing a lot more creative financing, owner financing, buying sub-toos. A lot of people that originally started buying Airbnb's, Rob, right, like early last year, and they started finishing the projects this year. They were like, oh, my God, I started this project when we're like four and a half percent

interest rate. By the time I got done with the project, and Mike and I have a couple projects like that, right? They were at seven and a half percent. And so people are waiting. By the way, some of those investors have just kind of extended with their private lenders waiting for interest rates, hoping that some of those interest rates drop some of those interest rates drop some time next year to then refinance out. So if I'm hearing you correctly, it sounds like a lot of people that were doing burrs into short-term rentals, we call them Bursters. Yeah. They kind of went into this market like a year ago or so with a different, I guess, view of what they thought rates would do.

Now they're finally finishing up some of these bigger renovations that have been taking place over the last six to 12 months. rates are a lot higher. And so we're seeing a lot of people somewhat pivot their strategy. Pivot their strategy into midterm, extending, working out deals with some of their private letters to kind of extend their terms. Those are been the biggest I've seen. And for anyone not familiar, a short-term rental, obviously that's going to be anything that's from one to 30 days. But a midterm rental is anything that is 30 days or more. And the big differentiator is usually midterm rentals are fully furnished units that people are renting for 30, 60, 90 days, oftentimes more than that too. whereas at the long-term rental, it's typically like a 12-month lease unfurnished,

and the tenant is actually paying their own bills and everything like that. So kind of interesting to see a lot of strategies are changing. And so with the big change in sort of interest rates and days on market, competitive nature is still there. I want to get into a little bit why invest in this market. And I want to talk a little bit about you as well. Rob, you brought in one of your clients today, Mike, who you've actually worked with several times in this specific market. Mike, how long have you been to?

investing for and how long have you been working with Rob? It's funny I'm here actually because I just you know have really started in the last year and I feel like it was just yesterday I was listening to bigger pockets and soaking all this information in and and so for me it's only been 18 months, two years that I've been doing it full time. So I'm still fairly green. Rob and I have done a handful of deals together. He was one of the first people I ran to when I kind of decided to make the full time jump into real estate investing. So he's committed kind of kind of buying. my side throughout the whole process. Wow, and you said you have been doing this for just a year in the real estate game? Yeah, a little over a year full time. I've kind of dabbled with it

outside of professionally for a number of years and actually got licensed at one point and tried the retail game a little bit, but my heart was really pushing me towards full-time real estate investing. So yeah, the reality is it's only been about 16, 18 months that I've been doing this full-time. That's amazing. All right. So give us a quick snap. snapshot of your portfolio. What have you accomplished in your short-time real estate? Because that's honestly, it's amazing, man. If you didn't start too long ago, you're on the Bigger Pockets podcast telling your story, tell us what you've done. Talk about surreal, really. I've been thinking about that a lot. I'm like, I can't believe. I thought it was a joke, honestly,

when Robb likes to pull my leg from time to time. So he was like, Rob, are you? But yeah, yeah, in the last 16, 18 months, a lot of my strategy has been wholesale fix and flip, kind of sell simply is sort of my acquisition sales business. So I use that to market direct a seller and then take those opportunities, wholesale, some. We've done some fix and flip. And then we've been acquiring using creative finance for the last year or so. We've picked up five sub twos, a couple cash and a handful of flips as well in the last year, year and a half. Mike's had a really good job. And he's being a humble right now. Like in the last. 12 months, he's put together 10 amazing deals. And I want to say it wasn't like five sub-tube.

It's like eight sub-toos, right? And I want to say, Mike, you've done like four solid renaos that have all been 40 to 50,000 plus deals, like the one we're going to talk about today. Cool. So let's punch into this a little bit. You've mentioned creative finance and sub-2. For anyone at home that's not really familiar with that, what exactly is creative finance in a very quick nutshell here? Creative Finance is an overarching. term for buying unconventional means. So when we say sub two, what we're talking about is buying a property and essentially leaving the original property owner's mortgage in place and taking title to the property. So that loan that's existing will stay in the seller's name and we take

title of the property as well as their existing loan interest rate. We make those payments, service those payments. So it's been a good strategy for us this past year with the hike in interest rates. We're getting rates at two, three percent or better. It's been, it's been wild. It's crazy. But, you know, it's working for us. So we're pressing that button pretty hard right now. Yeah, for sure. So I want to get into your buy box here in a second. Before we do, Mike, obviously you're a prolific investor in the DC area. So just tell me off the like, why do you like this area? What's the vibe? What's your favorite thing about investing here? Yeah, I mean, for me, it's my hometown. So it's my backyard.

I've thought about making moves to other markets, but for me, it's like I'm still green. Like, I'm learning the market. And for me, the easiest way to do that is here at home. I love the area I've grown up here. So I'm partial as far as, you know, what all it has. I mean, it has everything to me, my family. It's a couple hours to the beach. It's a couple hours to the mountains and the river.

And so everything's here for me. It's an appreciating market. Cash flow is a little bit tough. But we're looking at it for a long-term perspective. It's a great market to buy and hold. Very cool. Well, I think we can probably start shedding the green investor title off of you because since you've done so much here in 16 to 18 months. But let's talk about your buy box. Okay, so Mike, what buybox did you bring Rob for this investment property that we're going to be

talking about today? Yeah, so we're still, again, fairly new in our fixing and flipping. So we're looking for opportunities to fix and flip in northern Virginia. And so we're looking kind of smaller renovations, townhouses, two to 400K purchase price, 50 to 100K renno, something that we can buy, you know, around 200, put 50 into, which is sort of what this deal is like, and then, you know, sell it on the back end for 350, 400, you know, two, three bedroom, one to two bath, under 3,000 square feet. So for anyone at home that's never really sat down and thought about what your buybox is, this is something that I think a lot of investors kind of figure out as they go, and it's

effectively the criteria that you want to abide by whenever you're considering a property. So, Mike, you sort of talked about this purchase price being the $200, $250,000. How did you actually arrive at this specific buy box? Did you just find that, you know, from a risk standpoint, 200 to $250 is not a huge risk for the types of profits that you were bringing in? What was your thought process there? You know, I talked to some lenders, had some money that we felt confident we could get at that price. So we were trying to keep it on the smaller scale side. So that's sort of like entry-level starter home in this area.

300K, so if we can come in, you know, around 200, like, that's where we want to be. And you really can't find anything much cheaper than that around here, frankly. Rob, one of the things that Mike and I talked about was the first time home buyer market, we're still really moving fast, right? They didn't suffer from the having to know what interest rates were at four and four and a half percent. They have no reference point. They have no reference point, right? So they're coming in and, And the properties that he's going after are perfect for first-time home buyers, and they just move quickly, right? So the rental could be done in another 30 days. The sale could happen in under 30

days. There's not a ton of risk associated with it as long as you're getting it at the right number. Well, you know, now that we've learned about the market in Mike's buybox, we're going to talk through a flip property that Mike is currently working on, but first we're going to take a quick break to hear from our sponsors. If the new year means getting rentals back in order, listings are a good place to start. Avail. Part ofrealtor.com makes it simple to list rental for free and get it in front of millions of renters. One listing, one click, post it across 24 top rental sites. Avail even helps generate listing titles and descriptions to save time. More visibility means fewer days sitting vacant and getting your property rented quickly. It's a fast,

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Cost segregation guys is the number one firm nationwide, specializing and identifying these faster depreciating assets in your property. They've completed tens of thousands of studies across. all 50 states from remote cabins to apartment complexes. So if you own investment property, this is a no-brainer. So visit costsegregationguise.com slash BP for your free proposal and find out how much you could save this tax season. Okay, everybody, welcome back to the show. Now that we've heard about the D.C. market conditions, let's get into the nuances of this deal. Rob, how did you go about finding options in this constrained market for Mike? Well, we knew that more than likely wasn't going to come from a property on the MLS. And what we've been able to do over the last decade is build a network

of bird dogs and wholesalers and pre-Abers and friends and family and everybody knows that we're always looking for assets that might be a good deal for one of our investors. And so this came from our network, Rob. We run a large investment network and somebody said, hey, I know of a pre-foreclosure that's happening. It's a family. They don't have a lot of time. And so I made Mike aware of it. and then we just got, we got the work, right? It was a property. It was an estate. It had a lot of heirs.

So there was a lot of people that had to agree to it. And I think, Mike, how was time did they have? I think we had 20 days to get it done. Yeah, it was like just over two weeks. Wow. It was two weeks. Getting the money took us a couple days, but then getting it all through the estate was the hardest part and trying to communicate directly with the pre-foreclosure attorneys wasn't

easy, but we just kind of pushed. And it literally came down to the wire. And I think it was like the day before the auction, right, when we finally settled on it. Yeah. I was sweating bullets. I was sweating bullets. I thought, you know, we had about a week to make the payment, get the final payoff from the lender. And apparently with all the errors involved, it just took one day past, another day passed. And like, I just like, just waiting for things to fall apart. But we were able to get done. I mean, Rob helped me a lot, push, kind of push some buttons. And especially on the money side, like, we actually didn't even have the exact payoff amount that we needed on that day. So Rob was like, just sending the money. Yeah, arguably important to know that, that information.

Yeah. So you end up working together. You find this off-market deal. Sounds like you've built a really great deal flow funnel where people are basically through your network, sending you deals are coming across. And you finally find this deal. You frantically close it. You find out. You find out, how much you're going to need to actually close on it. So we get to the finish line. Mike, tell us about the deal that you ended up purchasing. What type of property was it? Yeah, give us some of those details. Yeah, I mean, from the get-go, I was like, this is a good opportunity. It fits right within our buy box. It's a little two-level townhouse. Three-bed, one and a half bath. I think it's like 1,500 square feet. It's not very big. Fully cosmetic, kind of touched everything inside.

It's actually an HOA, too, so we didn't even have to really do anything on the outside. And yeah, I mean, the numbers just worked out well. We ended up putting under contract at $2.12,500. So $212,500. Yep. We'll put just under $60,000 into it in rehab. And that's like kitchen baths, flooring, paint. Like I said, pretty much full cosmetic.

We've got hard money on it. We've got closing costs. We should be in right around $300, just shy of $300. And there's really good comps at $350. So we should make $50k or so on it. So your ARV, you're after repair value. after you put everything into it, you said it's $350,000? Yeah, I'll be between $315,000, $375,000, depending on pricing. Like, we always believe in just making sure that we're pricing

a right to create as much demand as possible. Even going into December, like I said, Rob, we just listed two properties where we just strategically price them, create an auction effect, and we know the buyer pool for this particular property. Like, it's going to go somewhere between 350 and $3.75. Low comps all day long, $350. Yeah, let me ask you about that, because a lot of people obviously, they're running their numbers based on cops from the last six to 12 months. Things are changing quite a bit here. It seems like that's a pretty healthy profit. But when you guys are working on a deal like this and underwriting it, are you planning out for any kind of like, hey, what's my doomsday scenario? Like, is there a doomsday scenario for this? Or do all the

recent cops back up that 350 to 375 is actually a pretty reasonable amount to expect? It's reasonable because this area is so dense. We could see like all the volume. of all the sales that are happening. We've purchased properties like with Mike out in Front Royal, which is about an hour away from where we live. That's a little bit, it's a little bit slower. It takes a little bit longer. But where he put this one under contract, like the velocity of sales is super fast. And there's a lot of them to look at. So doomsday would be 325. Do it like, it'd be like, what is going on at 325? So at that, he covers his cost. He puts a few bucks in his pocket. It's not crazy, but he's not to lose money on that. Yeah, this is a really quick one, too.

I mean, we closed on it six weeks ago. I think they're finishing up the renno. There was a little bit of a lag from the beginning of the reno getting in there and stuff because it was a pre-foreclosure. It was bank-owned. There were locks on. So, you know, there was a little bit of a lag between the time we bought it and the time they started, but it's been a quick renovation. Should be on the market next week. Wow. That sounds pretty fast. So going into this, obviously you were in Scramble mode trying to close on it. How did you feel going through the entire process of this type of property, this type of renovation? Were you confident? Was this still kind of during a time where you're developing your confidence as an investor? Obviously a lot of people, you know, 16 to 18 months,

this is all new territory, but given that you sort of had a few under your belt, tell us a little bit about your mindset. Yeah, I mean, I felt good about this one. The numbers to me just made sense. It's in our backyard, which makes it helpful. And Rob has a lot of the resources here. So for me, it was like putting it under contract. And from there, it's pretty pretty, pretty hands off, which is great. One of the reasons why I love working with Rob from contract to renovation to out sale, like it's basically all in his hands. I mean, I'm there kind of keeping an eye on things, checking in from time to time, but a lot of it is just kind of done for you. So Mike, tell me this. You said that you've spent 60,000 bucks for a full cosmetic flip. Sounds like you didn't get behind there

and do like wiring and new plumbing or anything like that. So how long does it take to do a full cosmetic flip. Yeah, I mean, like I said, this one was pretty quick. We didn't have to, it is in an HOA. So a lot of the stuff that maybe you might deal with in a single family or something, not within an HOA, we didn't have to deal with. So, you know, roof, exterior, all that stuff was kind of all HOA responsibility. So we just went in, inspected everything. The systems looked decent enough to where we felt like we can move it with what's there. We didn't do any major electrical plumbing, anything. We just kept everything right where it was. When, in, ripped out the kitchen, put in new kitchen cabinets, new countertops, same thing in the bathrooms,

floors, paint. And they moved quick. I mean, it literally like, I think under six weeks for this one. And I would say six weeks is slow for the crews that we have to do that. Like normally, that work should have been done in four weeks. But there was a delay because of the locks that the bank had put on the property and then trying to line up the contractors to get there. Because it didn't look like it was going to happen at first. We hadn't fully lined up the contract. contractors like we probably should have. So there was about a week, week and a half time loss, right? Normally, as soon as you settle, boom, everybody's in there doing work, but there was a little bit of a lag. Yeah, so let's talk about, you know, you close on this. I want to talk about the next steps here.

How did you actually secure the funding for a deal like this? It sounded like it was a frantic there at the finish line. So walk me through the financing of this. Yeah, we got hard money on it. Again, Rob has the network. I just kind of took his recommendation, a great hard money lender we used. It was a fairly seamless again. As soon as we had the deal on our contract, we lined up the funding. The numbers made sense and we got, you know, we got a good rate, good lender, and off we went. What do you consider a good rate on the hard money side? I think we're at 10 and 2, Rob, 10% with two points. Okay. And a point is basically 1% of the entire transaction, right? So if you pay $250,000 for this house, you're going to pay $2,500 per point effectively, right?

Yeah. Cool. And do you happen to know off the top of your head what you're, you know, you know, your holding costs worth through this entire process? Like, what did you actually pay? Obviously, told me he said two points, but how much did you pay an interest over the course of this loan? Yeah. Well, we're still holding it right now. I'm estimating around 10K holding costs on it. Oh, okay. Yeah. That's really not bad. So you're basically paying 10K and holding costs. And in theory, are you predicting, did you say it was like a $50 to $75,000 profit or is it less than that? Yeah, it should be $50 to $75. I mean, 50 was kind of like my low end number. There's,

Good comps, like I said, at 350. We should be in right around 300. And it could easily go above 350. I think Rob's right there. Yeah, that's pretty impressive. So tell me a little bit about the prospective home buyer. Who do you think is the end buyer for this property? It's going to be a first time home buyer for sure. It's going to be a first time home buyer that has been frantically losing on some of the other properties that are out there. This price point of 350 is really hard to find in our market. It's just not a lot for this product. that's what I anticipate for some home buyer. That makes sense, especially considering you said that a lot of these first-time homebuyers really have new frame of reference for interest rates. They just

need that really, not cheap, but affordable entry point property where the interest rate isn't going to hurt as much as obviously if they're buying like a million dollar property, right? That's right. And tell me, Rob, what price are you actually listing this property at? And is there a particular strategy when you're going through this process? Yeah, we're going to list it at 349, 900. All the data shows that that is the best place, kind of like that with that 900 at the end. We're going to listen on a Thursday. Thursdays always get more, you know, more traction than any other day because of the way the feeds work. We're going to build up demand two weeks before we actually go live on the property. So we'll do social media posts. We'll get it out to all our entire agent network. I mean,

we're going to put it everywhere, right? And so we really build up demand ahead of time. And then we launch it on a Thursday and then we do the open houses back to back Saturday and Sunday. And we make sure that the property staged, right? Like, one of the things we want to do is make sure that it feels good when somebody comes in. It smells good, right? I think a lot of investors through the years I've noticed don't always stage their properties. I make sure that every one of my investors stages each one of their homes. Mike, is that something you implement in all of your flips? Do you stage them all as well? Yeah, for sure. He better. Yeah. Anytime Rob's involved, we know it. Just listen to your rockstar a realtor. They know best. So there's a lot of caution around flipping right now. We've got to talk about

why, right? There's a lot of changes happening. But why do you think that this is a great strategy in today's market, Mike? Yeah, for us, you know, we were looking to buy and hold early on in the year, but the rates have really jumped. And so we've kind of shifted away from that to a degree unless we're looking at it from a sub two lens. So those opportunities that we might have considered as buy and hold opportunities earlier in the year or last year. We've now considered more of a fix and flip strategy on them, line our coffers a little bit with the hopes that maybe next year we'll have some more opportunity to pick up some properties for the long term. And I think the biggest thing, Rob, honestly, products moving super fast. So when product is still moving fast, it's a great market

to fix and flip as long as you just make sure that all the numbers are right. So Rob, with that in mind, what should investors be aware of when flipping? Obviously, if the product is good, it moves very quickly, but do you got any cautionary tales or tips that you can impart on our listeners at home? I think where investors mess up is when they overestimate the ARV, the after repair value, and they underestimate the renovation cost. They select the least expensive contractor out there because they think that that's the way to go. That's where I see people mess up. And that's where the spread gets completely crushed, right? A great contractor is essentially an insurance policy for an investor, right? Because they're going to get it done. They're going to get it done on

budget, they're going to get it done on time. And then just don't hope and wish for the highest sale, you know, look at what the average comps are in that market and make sure that your product is slightly better than those comps, stage it, price it accordingly, like I always say at or slightly below market, and then let the market do its thing, right? Create the demand and let the market do its thing. Sounds like a be a premium version of your competition, no matter what price bracket you're in. Rob, I'm curious, when you're coaching your investors, why do you think flipping is a good wealth building tool? I actually, I don't think it's a good wealth building tool. I believe that buying and holding is the way to build wealth, but you do need

to make sure that you have reserve accounts for those assets that you are holding. You do want to, like Mike said, he wants to put money in his coffers so that when a great buy and hold asset comes up, he can jump on it. So it helps you generate the cash you need to really do the buying holes that ultimately build you wealth. That makes sense. Mike, yeah. Tell me, you know, obviously you're doing these flips, but what is your strategy for holding on to them? Are you holding on to the best ones? Have you ever flipped the property and thought, oh, maybe I'll just keep this one for myself? I haven't done that where we intend on flipping something and keep it. But we're pretty selective right now with where we're buying. Rob mentioned it earlier. We're buying in Front Royal, Virginia, which is outside of the metro area. It's a little more rural, but we feel like there's a lot of opportunity there. We've turned up some other opportunities there that we haven't hung on to. We're being select. as far as, you know, what the exit strategy is. We did some sub-toos early on that we intended on holding his short-term rentals. Again, Rob mentioned this. And we've even moved away from that a little bit because that market's gotten a little bit saturated. So we've gone more towards

midterm and long-term rentals, which we just feel as stable right now, given the conditions of the market. And what we've learned in the last 18 months with a few of these opportunities that we've hung on to. So awesome. Well, thank you, fellas, so much for coming in and sharing your knowledge about the DC area market and a little bit about the DMV area as well. Listen, if anybody here that's listening at home wants to connect with me, Rob Chavez, or Mike Capello, we will be leaving all their information in the show notes down below. And of course, if you want to connect with Rob Chavez or amazing realtors that can help you land your next investment property, again, these are realtors that are trained in the world of investment that can help you land a cash flowing property. head on over to biggerpockets.com slash agent finder. Again, that's biggerpockets.com slash agent finder.

And we will catch everyone on the next episode of Bigger Pockets. Thank you all for listening to the Bigger Pockets Real Estate podcast. Make sure you get all our new episodes by subscribing on YouTube, Apple, Spotify, or any other podcast platform. Our new episodes come out Monday, Wednesday, and Friday. I'm the host and executive producer of the show, Dave Meyer. The show is produced by Ian K, copywriting is by Calico content, And editing is by Exodus Media.

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