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[quote=Anonymous][quote=Anonymous][quote=Anonymous]I think it's hard to make a good profit on rentals in DC. Real estate is expensive and[b] I do think people lose money more often than they're willing to admit,[/b] or at least they don't make the return you'd expect given the aggravation.[/quote]

Of the people I know who consider themselves real estate gurus in this area -- I think they DO lose money more than they admit esp when you factor in a month here or there vacant, having to swap out an appliance or deal with some roofing issue or whatever. And even if they don't lose money -- I am 100% convinced they do NOT beat the market or come anywhere close, not even just during this bull run but in the ups and downs of the last 30 yrs. I think they honestly just like monthly checks coming in and consider themselves savvy for having that 2nd income -- not realizing you CAN set up a stock portfolio to throw off income too.

Now I'm NOT saying there aren't people making money -- there are like the people discussing their experiences above. Yet I feel like all of those people bought when certain areas were transitional etc. The people I'm talking about are like my coworkers who think Clarendon is underpriced and think they are savvy investors and are quick to let you know -- oh we looked at one condo in Clarendon this weekend and put in an offer.

TBH I am a big market investor but I am somewhat considering whether it's worth it to buy something in a secondary market that is growing. There are places where you still buy and end up with a $900 mortgage in a place where SFH rents aren't THAT cheap. Of course a long distance buy would 100% depend on property mgmt. and while I have ZERO problem with taking a hit on a return to pay a bit to a mgmt. co. so no one is calling me for a dripping tap -- I also question the wisdom of buying in South Carolina or Tennessee or someplace when you aren't from there and don't live there.[/quote]

I could have written this. How are these people not meeting or beating the market long term. I would never buy anywhere more than 30-40 miles max. I have enough stories of bad property management and horrible tenants and these were $400k plus homes.[/quote]

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