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Real Estate
Reply to "Renting house on the Hill"
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[quote=Anonymous]It's one thing to rent out your English basement -- we do that -- but it's another thing to rent out another property. We've done it and have always had good tenants, but the bottom line is it's a major hassle and the return just doesn't keep up with the market. Especially now, I'd guess, because home values in DC aren't likely to appreciate as quickly as they have in the last 10-20 years. And even if they do, you'll be taxed on the gain and have to pay a depreciation recapture tax as well. I'd listen to your financial advisor on this one, and leave real estate investing to the actual professionals. [/quote]
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