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Real Estate
Reply to "Investment property - best location?"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous]Not going to get much for $200K. Do you have any other money to put in?[/quote] OP here. I should have clarified that I am going to get a mortgage and put $200k down so I figure I should be able to afford a property of around $600k. [/quote] Buy a house in Pimmit Hills in the low 500s and rent it. The property taxes will be 1/2 of MD, no MD income tax (also double VA), and, no problems evicting people like in DC. Everyone I know who is a landlord says never ever buy a DC rental. Anything you buy in Pimmit now will double or more in 10 years. We are on top of Tysons, and they have already planned and have funded several projects to make the area walkable with walking and biking paths. The area immediately adjacent to Pimmit along magarity will be retail, parks, fields for entertainment like possibly concerts or movies, and walking and biking paths to the rest of tysons. thats my opinion anyway.[/quote]
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