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Reply to "invest in rental property in DC"
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[quote=Anonymous][quote=Anonymous]Thought it would be good rental Studio around the area rent for like $1600 a month What am I missing?[/quote] It's a co-op, with as the PP above stated - severe restrictions on rentals. You don't 'own' the apartment and the HOA board will quickly tell you you can't rent out. Have your realtor ask for financial documents. If the deal is too good to be true, ESPECIALLY in Logan Circle, there's a reason why.[/quote]
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