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[quote=Anonymous][quote=Anonymous][quote=Anonymous]The only way to make $ in DC from renting is to play the long game. You have to be committed to 20-25years. If you are and you have staying power so if there is an extended vacancy or massive repair its not a big deal, then you can make millions and have great cash flow. I’ve got 7 rowhouses in NW, $4 million in equity and monthly positive cash flow of $21,000k (after paying everything including exenses) and monthly mortgage paydown is $13k a month. But this has taken 15 years to achieve. [/quote As someone who has visited DC but not lived there, I would think DC has the best investment properties because of high demand and high rents. True, there's some maintenance but the high price of rents can make up for minor repairs, no?[/quote] Thanks to the economy here and zillow, I have less than a 2% vacancy rate. Yes, there are always repairs, but rents make ip for ot. A key is to have a great handyman who is reasonably priced. [/quote]
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