Category Archives: Education

Bethesda Real Estate Investing Meetups

Hi friends,

I have been asked by a few people to start a Bethesda Real Estate Investing meetup that is grounded in easy to understand systems and models. This is something I am happy to do but just wanted to get a sense from folks what other specific things are missing from existing seminar/ meet ups etc.

So! Please give me a call at (240)486-3921 or drop me an email to raj@rajabout.com with your thoughts.

1. Do you have strong feelings about format, timing, content, size etc. Now is the time to make your voice heard.

I want to make sure that this meetup/ seminar series is incredibly useful to attendees and that we can work together to build strong investment portfolios.

Cheers,

Raj

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Bethesda Real Estate: Both Under Contract and Available

Hi folks,

Just wanted to share a little “insider” real estate process info with you. When you look at properties on a number of the public facing real estate portals, they will use words like “pending” to note when the property is “under contract.” Generally speaking, this information is fairly accurate and the property is, in fact, not available.

However, if you are working through a good real estate agent, they are sometimes able to uncover that rare property that is “under contract” and also “available.” Confused? Actually it is fairly straight forward and the mechanics can be explained in detail by a good real estate agent (I am also happy to discuss with you one on one).

The reason I wanted to raise this is that I was looking at available condo units in Bethesda for a client and the very best unit I found was one which fell into this grey zone. I am not sure if the client will buy the unit but it is a prospect that did not seem available.

So if you are looking at property in Bethesda or anywhere else, confirm that you too have a shot and finding properties in this “grey zone.”

As ever, I am happy to discuss this or any other real estate matter with you – my email raj@rajabout.com and cell (240)486-3921.

 

Cheers!

 

Investor Article 2017

Hi friends,

I am planning on writing a series of real estate investor articles this year for my client base. I will go ahead and post the ones with some relevance to Bethesda here. The first one, below, looks at the connection between Russian cyber attacks and real estate investment. Puzzled? Well read on and all will be revealed!

 

Russian Cyber Hacking and Real Estate Growth: Washington, DC Metro Market Investor Column 2017

The 2016 election campaign is finally, thankfully, over but as anyone paying attention to the news will know, the fallout continues. While the post-election discussions taking place are animated and wide ranging, there is one area in particular that should be of interest to real estate investors, namely the focus on Russian cyber actions during the election.

Puzzled? Trying to determine why those two subjects should be in the same sentence?

Well, consider what happened to the Washington, DC metro market after the horrific 9/11 attacks; the government massively increased its national security/ military/ intelligence spending and that drove economic growth in the region for several years. This growth had a positive effect on prices and some, including me, would argue allowed the Washington, DC metro market to ride out the Great Recession better than the rest of the country.

Now, post-election, cyber security seems to be positioned as the new “hot” issue for government action. Policymakers of all stripes are starting to recognize that other countries have developed significant capabilities in this area. If past is prologue, the natural response will be to dramatically increase spending to ensure that the US is the dominant country in the cyber/ national security space in the years to come.

Some commentators may be surprised at the suggestion that cyber security growth will take place in the Washington, DC metro area and not in Silicon Valley or even some of America’s emerging tech hubs. First, I do not want to suggest that there won’t be growth in those areas, clearly there will be. However, the DC metro area already has a thriving tech industry (it has been called the Silicon Valley of the east for a number of years) and can collaborate on cyber security with its neighbors in government/ intelligence and the military. This geographic proximity and intersection, combined with a highly educated workforce, ensures the DC metro market is perfectly positioned to lead the cyber actions job revolution. My belief, shared by others, is that the leadership in this sector will come from the DC metro area.

As the funding increases and these jobs come online (literally and metaphorically), the pressure on housing and house pricing will grow. The beneficiaries of this uptick in economic activity should be real estate investors, home owners and others involved in the real estate sector.

Of course, as in life, nothing is guaranteed and there are details to be parsed out, but I believe that the connection between cyber security and real estate growth should be looked at closely.

Warmly,

Raj

This note is part of an occasional series of investor related pieces that I produce for clients and prospective clients. I appreciate receiving feedback and welcome the opportunity to discuss any aspect of the US real estate market with you or individuals in your network. I can be reached at (240)486-3921 or raj@rajabout.com

All information in this paper (and the associated series of papers) is presented in good faith but its accuracy is not guaranteed. The author, Raj Purohit, is a licensed real estate salesperson in Virginia, Maryland and DC, and is not an attorney (in DC, MD or VA), accountant, financial or tax advisor. The information in this paper should not be used to influence any investment decision. Before making any investment decision, you are advised to consult with legal, financial and tax counsel.

Bethesda Green Internship Fair

I just wanted to take a moment and plug the Bethesda Green internship fair appropriately called “Fields of Green” scheduled for February 9th – more details at Bethesda Green.

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Bethesda Library

I just wanted to take a moment to give a big shout out to Bethesda Library. They provide an invaluable service to the community and are constantly looking for better ways to engage with the public. I do wish the county would provide resources so that they could be open full time over the weekend but recognize that this is not the fault of the staff.

In particular, I do want to note that their children’s programs are really terrific!

If you are new to Bethesda – make sure you pop in, take a look at their schedule and get your library card.

 

Niche.com ranks Bethesda No. 89 Nationally

Congratulations to all of the people who make Bethesda their home. Niche.com ranked Bethesda No. 89 nationally in a very detailed study on the top 100 places to live across the country (see here for a searchable site).

Their methodology includes real estate (yay) and a whole lot more besides:

The 2016 Best Places to Live ranking provides a comprehensive assessment of the overall livability of an area at the place level. This grade takes into account several key factors of a location, including the quality of local schools, crime rates, housing trends, employment statistics, and access to amenities in an attempt to measure the overall quality of an area.

It is also important to point out that 11 neighborhoods in Montgomery County made the top 100 list. Congratulations to all their residents!

My day job, as regular readers know, is that of a real estate agent (licensed associate broker in MD and licensed agent DC and VA) and I am very happy to discuss these, and other local neighborhoods, with folks thinking about moving to our area. Feel free to give a call at 240 486 3921.

Cheers!

Carousel at Glen Echo Park

 

 

I just need to take a moment and write about a hidden gem here in Bethesda – the Carousel at Glen Echo Park!

We took our 19 month old there recently and she absolutely loved it – yes mum and dad stood next to her and held on tight :-)

It reopens in the Spring and is well worth a visit. It is fun for all ages! See below for a little write up from the Glen Echo website:

 

“Glen Echo Park’s historic 1921 Dentzel Carousel is almost ready for it’s 96th season in the Park.  The carousel will open for the 2016 season with our Family Day celebration and will close with our Then & Wow! festival. The cost is $1.25 per ride; all riders must purchase a ticket. Payment by cash is preferred, but please note that there is no ATM onsite at the Park. Payment by credit card is now also accepted in the Carousel ticket booth. There is a $5.00 minimum charge for credit card sales. We accept MasterCard, Visa, Discover and American Express. Installed at Glen Echo Park in 1921, the canopy and the carved figures were made by the Dentzel Carousel Company of Germantown, Pennsylvania. It is a classic example of hand woodcarving popular during the early 1900s. From 1983 through 2003, the carousel was fully restored – including each animal. The carousel is listed on the National Register of Historic Places.

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Real Estate Seminar

Fellow Bethesda Actually Community members, I just wanted to take a moment to invite you to a real estate seminar that I will be holding at the end of February (2/27/16 at 10am). We are trying to pin down the venue (in part it will depend on projected attendance) but the topic is confirmed:

“Why Buyers and Sellers should think like investors”

It promises to be a fun discussion (hopefully we will have a guest speaker as well) and I will be providing breakfast snacks, juice etc. Please send me an email to raj@rajabout.com if you can attend – put “real estate seminar rsvp” in the subject line.

Thanks and feel free to spread the word!

Coffee and Real Estate Bethesda

We are seeing incredible changes in the real estate sector in Bethesda (and the broader area). New projects are seeing the development of high end apartment buildings, condominiums, town home and single family homes. Additionally, there are substantial changes in the commercial real estate area and these are impacting where people want to live and the space that they need.

As regular readers of this blog know, in my day job I am a real estate professional (associate broker/ realtor with Coldwell Banker RB Bethesda licensed in MD, DC and VA), so I am tracking these changes a lot more closely than your average resident. My take is that the new inventory coming onto the market, coupled with the rehab and tear down boom, is a real benefit to buyers BUT these buyers need to have a very clear sense of what their broad real estate/life goals are before they commit to a purchase.

I am going to be holding a few small coffee gatherings with people interested in buying or selling in Bethesda (and the broader Washington, DC metro market). We are going to chat about the market, the opportunities for investment and some of the big changes in the area that buyers and sellers need to know about.

If you are interested in joining one of these coffee sessions, drop me an email at raj@rajabout.com and put “RSVP coffee and real estate” in the subject line.

Cheers!

Bethesda Green Happy Hour on Thursday: Lighting the Way to a Greener Community!

Folks, if you have time this Thursday do try and pop over to the Bethesda Green Happy Hour – here are the details:

Kick off the holiday season with an evening of casual conversation and networking with Bethesda Green and representatives from the faith-based community. Congregations associated with Interfaith Power & Light (MD.DC.NoVA) will share their extraordinary work to save energy and go green.

Thursday, Dec. 5 5 – 8 pm

The Parva Restaurant and Lounge 7904 Woodmont Avenue Bethesda, MD 20814

Located two blocks from Bethesda Green.

Enjoy complimentary appetizers in the restaurant’s beautiful second floor lounge.

$10 Donation requested at the door; proceeds shared with Interfaith Power & Light.