Reply to WWYD: keep DC rowhouse in Shaw as investment?

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]I would just because the cash flow is so positive on it to start.  I know people who've kept their first house in DC to rent when the rent was just barely covering the mortgage at the beginning, and they look like geniuses 5 years down the line.

You can always sell it later if you find it's too big a hassle.[/quote]

But what if the value drops and you lose 100k in equity?  It’s possible.  [/quote]

This isn't some 4 BR, 2.5 BA on an exurban cul-de-sac.  It may not increase as much in value, but it's unlikely to decrease, and it's still generating great rental returns.  [/quote]

It can still drop.  [/quote]

But if they sell the rowhouse, they’d put the money into their new house, which could also drop. As could the stock market. That’s why people diversify.

OP, being a landlord is surprisingly polarizing on this board, but we’ve had a good experience overall. My advice would be to get good tenants with high credit scores (over 700), have a minimum income (verified by W2 or pay stub) and we even gave a discount for having a security clearance. Be willing to wait a few extra weeks for the right tenant. Go with your gut.[/quote]

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