Washington, DC has a reputation as an expensive place to live, and it can be. But Washington, DC also has some very affordable and liveable neighborhoods that don't get much attention. I have gotten to know many of these neighborhoods by working with real estate investors who are looking for good buys - either to flip or to keep as rental properties.
Recently, I did my usual search for Washington DC properties that would be good investments for my investor clients and after just a few minutes, I found a good one.
The property was located in an up and coming part of town. It is priced under $125,000 and with 2 units, the property could easily make $1,000 - $1,500 per month in positive cashflow. This was an excellent deal and one I recommended to my clients.
All of the criteria must be met in order for me to recommend moving forward. But properties with investment potential are currently plentiful due to the number of foreclosed or distressed properties on the market. This is a great time to get your feet wet as an investor. As an investor myself I can tell you that buying in a down market it the way to go. So find yourself a good realtor, do your research and go for it!
I love living, working and playing in the Washington DC area and will be a true advocate for you before, during, and after your home purchase. Whether you are looking at a home, rowhouse or luxury condo anywhere in the Bethesda MD real estate area, you can be sure your needs will be met and your requirements for a home taken as my top priority. It really pays to have someone who knows the area.
Not only do I represent buyers and sellers of DC Property, but I also represent MD Real Estate and Virginia Real Estate as well. I am your exclusive Washington DC Real Estate Professional. Click here to learn more about me.