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Updated over 8 years ago on . Most recent reply

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Humphrey Piccus
  • Washington, DC
1
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11
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what cities to invest in multifamilly

Humphrey Piccus
  • Washington, DC
Posted

Looking to get some multifamily. Many cities I've visited seem over-priced. Lots of investors from out of town and new-in-town have driven up the prices the few years. Do any of you investors see any cities that show potential? Any places that are undervalued? Do you have good reason to believe the city has a lot of upside potential? 

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Russell Brazil
  • Real Estate Agent
  • Washington, D.C.
30,113
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Russell Brazil
  • Real Estate Agent
  • Washington, D.C.
ModeratorReplied

I think the best place for anyone to invest is within an hour of where they live. So in your case that would stretch the radius from DC up to Frederick and Baltimore to the north and probably Fredericksburg to the south.

DC does have a very low supply of multifamily homes...but there are some to be found in Trinidad, Old City, Brentwood, etc.

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