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Reply to "Buying DC condo as investment"
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[quote=Anonymous]Tenants in DC are easy to find but very hard to get rid of if you get a bad one. I plan on purchasing an investment property in the next year or so but have ruled out DC for this reason, plus I'm much more familiar with the market and laws in the Maryland suburbs. And, how much can you put down? Condo and coop fees can be high so it's hard to be cashflow positive from the get go without a substantial downpayment. And lastly, if you're looking in the Southwest Waterfront area, there are a LOT of coops which can have significant restrictions on investors. Good luck![/quote]
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