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Reply to "invest in rental property in DC"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]Draw even, at best. Don't buy a condo WOTP or Center City now. I've offered my unwelcomed advice on places under $300k to invest over the last ten years including Brightwood Park, Woodridge, Brentwood, Deanwood, Barry Farms, and everyone has laughed. I'll take my revenue generating to the college tuition bank.[/quote] Three of the five places you mentioned have a murder rate I wouldn't touch with a ten-foot pole. Brightwood Park is one of the most un-metro accessible parts of D.C. aside from Georgetown. Woodridge, VA is practically in Richmond. None of those places sound reasonable and I have to wonder what your tenants are like. Do you take Section 8? Do you have a housing manager? Do you do it all yourself?[/quote] Brightwood Park is bordered by the Fort Totten Metro stop. I know because my kid attends school in BP and takes the Metro there every day.[/quote] Also it's Woodridge (next to Brookland), not WoodBridge as in the exurbs in VA. You have a lot of opinions for someone who doesn't know a ton about DC these days.[/quote]
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