Any investors looking at Washington DC for Multifamily

[Gus Delgado]

Currently looking into the DC market for multifamily, but seeing a lot of negative information related to fraud, TOPA, pandemic relief for tenants, etc. I would love to talk to someone that has experience on this market and could tell me a bit more about it. 

I would love to meet up if in the area!

[Jack Seiden]

Quote from @Gus Delgado:

Currently looking into the DC market for multifamily, but seeing a lot of negative information related to fraud, TOPA, pandemic relief for tenants, etc. I would love to talk to someone that has experience on this market and could tell me a bit more about it. 

I would love to meet up if in the area!

Not a fan of D.C. multi family right now prices are high with rates very hard to cash flow and unless you are playing in the 1.5mil+ you are in at best borderline neighborhood’s & also competing against a ton of newer apartments in most cases. I’d honestly rather just look at buying one off condos at this point, probably not gonna cash flow either but at least you take some risk off the table and can get into more stable areas with less construction (mainly NW)