Reply to Sell vs rent: could clear $700/month

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[quote=Anonymous][quote=Anonymous][quote=Anonymous]Some condo assns have rules against renting because some lenders don't like offering mortgages if most of the units in the building are rented.[/quote]

+1.  Something that would make me hesitant too is that about[b] 6,000 brand new condo units are in the pipeline[/b] to be built in the District shortly.  Plus possible cuts to federal spending.  Bad recipe for DC.[/quote]Yes, I think this is a concern.  On the other hand, there are people constantly coming into the District for just a few months who are willing to pay a good price for a temporary rental, especially if it's furnished.  However, that requires finding new tenants at least several times a year, which is a pain.

OP, are you on a neighborhood listserve? I live in Capitol Hill and I regularly see people looking for places for friends and family, both short-term and long-term.  If your neighborhood list has a lot of inquiries like that, that's a good sign that you'll be able to keep things rented.

But yeah, I don't know what is going to happen with sequestration.  Big question mark![/quote]

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