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Updated over 10 years ago, 09/18/2014

Devonte Dinkins's profile image
Devonte Dinkins's profile image
Devonte Dinkins
  • Property Manager
  • from Hagerstown, MD
  • Member since Feb 6, 2014
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User Stats

76
Posts
13
Votes
Devonte Dinkins's profile image
Devonte Dinkins's profile image
Devonte Dinkins
  • Property Manager
  • from Hagerstown, MD
  • Member since Feb 6, 2014
Connect
Devonte Dinkins
  • Property Manager
  • Hagerstown, MD
13
Votes |
76
Posts
Multi-Family and Apartment Investing

4 plex in Washington DC

Devonte Dinkins
  • Property Manager
  • Hagerstown, MD
Posted

Good Afternoon Everyone,

I am a young investor (age 20) and I plan on buying a fourplex in the Washington D.C area. I have been seeing prices from 250K- 1M. I am looking to buy and occupy one unit to live rent free, but I will probably only be able to afford a property for 300K or less. Has anyone been able to successfully do this with the high prices in DC. I have been running some numbers using the 50% rule and it seems like I would need to buy a 4 plex for 180k-200K, which seems like a hard price to negotiate to, but maybe not? Can anyone help?

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