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Reply to "Buying DC condo as investment"
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[quote=Anonymous]Slightly interested in buying a "cheap" condo (less than $300k) as an investment property. Is this an easy/common thing to do? Any advice? Looking in SW Waterfront area, Capitol Hill, and maybe parts of NE. Hopefully it wouldn't be too hard to find tenants and the rent would cover the cost of mortgage + condo fees, although I have no idea if this is a realistic expectation. Also hoping it will appreciate nicely over time, maybe our kids could live there one day in their 20s, and then we could use it as a second home once we retire. [/quote]
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