College Graduate Starting in Washington D.C. Real Estate

[Callaway Pate]

Hey BP Family!

This is my first post on the forum so I'm interested to see how this goes. I am currently in college as an engineering major and I'm getting ready to move back to D.C. after I graduate (I am from there originally). I know that I want to invest in the area but would like to ask you all in the DMV if there are any tips and tricks you would recommend as I start my journey. Specifically, I want to learn more about the limitation of house hacking and the availability of government backed mortgages such as standard FHA and FHA 203K loans in today's market. I'd appreciate the advise!

Best,

Callaway

[Jack Seiden]

Quote from @Callaway Pate:

Hey BP Family!

This is my first post on the forum so I'm interested to see how this goes. I am currently in college as an engineering major and I'm getting ready to move back to D.C. after I graduate (I am from there originally). I know that I want to invest in the area but would like to ask you all in the DMV if there are any tips and tricks you would recommend as I start my journey. Specifically, I want to learn more about the limitation of house hacking and the availability of government backed mortgages such as standard FHA and FHA 203K loans in today's market. I'd appreciate the advise!

Best,

Callaway

 Most college grads are house hacking if you qualify you can get an fha loan with 3.5 down and get most if not all of your closing costs covered. As far as 203k rehabs it’s super hard to find deals with enough equity to make that happen right now however there are still some pockets of D.C. and western pg county and some parts of Baltimore where you can get some equity. Feel free to reach out with any questions.