Reply to Where in VA to buy a starter townhouse to rent out in the future?

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[quote=Anonymous][quote=Anonymous][quote=Anonymous]OP, your post will be triggering to many, so don’t expect much help. Many people who would love to own a townhome as their forever home are outbid by people who then rent them out. Because DC is coastal, development is limited to three cardinal directions, rather than four, making the local market even tighter. We could have become landlords, but we sold our townhome when we moved to avoid becoming part of the problem. [/quote]

This isn’t why I responded so negatively to the question.  I responded because I think it’s a stupid way to invest your money regardless. Being a landlord is a hassle, especially for what would essentially be a single-family home, and you’d be much better off of investing your money elsewhere.[/quote]

You also kinda have to be a gazillionaire to pull off this plan, especially given the fact op already has kids.

I think it works better if you buy a small TH as newlyweds, live in it for 10 or so years and have your kids there during the daycare/preschool years, then upgrade to a better school district and larger home.  Not sure how op will afford two down payments and mortgages in a good school district in a short period of time.  [/quote]

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