Starting out in DC, any advice?

[Skylar Bennett]

I am 22 and about to graduate from college. I am moving to DC for work but don’t want to be in this job forever. I have parents and a sister who rely on my financial support but I have been able to put away $45k. With the DC market being so expensive, I don’t know if I should even try to invest there. Basically, I am ready to invest but have no idea what strategy would be best! Any advice would be greatly appreciated!

[Joaquin Camarasa]

First of all, I would like to compliment you on taking the responsibility of taking care of your family. It is not easy at such young age, I have a similar story and I am impressed you managed to save 45k. I understand the overthinking that comes with making sure your family is safe at all times. 

You are in a good position to househack as mentioned above. This is what I did with all my properties. I bought my first one at 27 in Denver Colorado, second and third ones with my wife in Springfield Virginia. The market is a lot tougher than it used to be but I still think househacking is the best bet as mentioned in the prior comment. 

I would add that the market is very competitive with very little inventory. Also, do not only count with the closing costs and downpayment as usually the ideal househack requires some type of minor renovations. I'd be happy to chat more if you have any questions.