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Reply to "Would you buy a relative's home in close-in Bethesda?"
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[quote=Anonymous]We have older relatives who live in close-in Bethesda (Whitman district) and are thinking about selling their home. It is a small dump and would be torn down (nothing worth saving at all). It's not a huge lot, but every other home in the 'hood is a tear down. They don't even live there anymore (spend most of their time with grown children out of state). DH and I currently live in NW DC and have zero interest in moving to Bethesda. This home is probably a good 20 min walk to the metro, and it's just too residential for us (plus commute would be much longer to downtown, probably an hour +). But, I was toying with buying it, tearing it down, building a new house, then selling. Is this nuts? I am not seriously considering it, but my relatives are looking to sell and would probably be willing to sell it to us so we would not deal with a bidding war, realtor fees, etc. Am I wrong to think that we would make any money off of this?[/quote]
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