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Updated about 5 years ago on . Most recent reply

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34
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8
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Agyei Axum
  • Washington, DC
8
Votes |
34
Posts

Many options to choose from

Agyei Axum
  • Washington, DC
Posted

Hey all,

So im living in DC and have about 35k cash saved up. I've been looking into house hacking, BRRR, flips, and just simple buy and holds. I've been analyzing commercial properties on a daily basis because i feel like analyzing 20units makes it easier for me to analyze 2-4. DC is so competitive for a new investor that it's forced me to look elsewhere (Delaware/Phili area) since i went to school in Dover DE. But i'm now looking and probably starting off with flips to build more capital so I can purchase more units. But from reading the forums...many suggest to not start out that way...and I can understand why. I have access to a solid contractor who is actually a family member, but I'm still not sure about that. I also just don't think that throwing my capital into a down payment would be the best use of my money starting off to cash flow a couple hundred a month...but maybe I'm wrong.

Been back and forth with this for a while, would like to hear your thoughts. Thanks.

Most Popular Reply

User Stats

17,478
Posts
30,165
Votes
Russell Brazil
  • Real Estate Agent
  • Washington, D.C.
30,165
Votes |
17,478
Posts
Russell Brazil
  • Real Estate Agent
  • Washington, D.C.
ModeratorReplied

With that budget, Id buy a house hack in a gentryfying neighborhood and do a rent by the room strategy.

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