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[quote=Anonymous][quote=Anonymous][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]

Nice. Curious to know what year you last purchased and at what price?[/quote]

Last one was a 4 unit row house that I bought in 2014. I paid $1.5, which was a great deal. The rent roll was $9200. I spent about a $100k to do improvements and it just appraised at $2.2. By the improvements, I increased the rent roll to a little over $14k a month. [/quote]

That is awesome. Great job. How long are you hoping to take to pay them off since you are accelerating payments?[/quote]

Thanks!! The 4 unit is on a 15 year mortgage. So that will be paid off in 12 years. Ive also got two others that are on 15 year paydown, which will also be done in 12 years. Ive got 1 on 20 years, will be done in 16 years. And the rest 30 year- wont be done for 25 years. If I was a disciplined with $, I would like to do 30 year on all of them. But when I do that, the money ends up being frittered away. 15 year is terrific forced savings and I need that to a certain extent. I know u can do 30 year and just pay down extra as if it was 15 year. But Im not disciplined enough to do that. [/quote]

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