House Hacking in Washington DC

Washington, DC · Member since 2019 · 23 posts · 12 votes

I'm a new investor based in Washington DC with a goal of making my first deal in 2020, and a house hack it will be! I've had my eyes set on a few neighborhoods in Southeast (across the river) as that seems to be where the path of gentrification is headed. I'm interested in hearing everyone's thoughts on what the path(s) of gentrification will look like over the next 3-5 years in the District.

Additionally, I'm curious to hear your favorite methods for getting a feel for the outlook of different neighborhoods. I'm personally an avid reader of PoPville, but I'm sure there are tons of other, more creative ways to keep a finger on a neighborhood's pulse without necessarily being there every day. Thoughts?

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Russell BrazilBusiness Member
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Real Estate Agent · Washington, D.C. · Member since 2012 · 17k+ posts · 30k+ votes
6y
Driving and biking around. Going to local bars/restaurants.
East of the river is certainly changing. A decade ago you probably didn't want to walk around there. Now, you are mostly ok...but you still need to be alert in certain places.
Deanwood/Minn Ave is an area Id consider. Anacostia, whipe the fastest appreciating neighborhood in DC 4 years straight is attractive in that sense, it can still be pretty rough. So you get that higher return by taking on the higher risk.
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Eric Teran
Architect · Alexandria, VA · Member since 2016 · 317 posts · 371 votes
6y
@Andrew McCartin I am an Architect and I have a client who is a buy and hold investor. He only buys in SE and mainly rents to section 8 tenants. He is doing pretty well but he is very involved in his properties and manages all of them.
I second what @Russell Brazil said about being careful. It is getting better but there are still some risky areas.
Good luck.
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Andrew McCartin
OP
Washington, DC · Member since 2019 · 23 posts · 12 votes
6y
@Russell Brazil @Eric Teran Appeciate the thoughts, guys. With the break in weather tomorrow I'm going to dust the bike off and take a ride around the area to get a better sense of which areas feel safe vs those that do not. Looking forward to checking out Deanwood as that was not on my radar.

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