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Reply to "WWYD: keep DC rowhouse in Shaw as investment?"
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[quote=Anonymous]OP, you noted that you can manage the DP on the new house without the proceeds on the rowhouse--but do you also have a mortgage on it? Remember that lenders will consider that debt as well in determining how much to loan you for a new house, and the rent will not count initially so you'd need to be able to (at least on paper) afford both mortgages on your current salaries. That math might work out fine depending on what you're planning to buy, but it's a factor to consider in addition to the downpayment itself.[/quote]
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