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Updated about 6 years ago on . Most recent reply

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Yi Zhao
  • Investor
  • New York City
5
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46
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Multi family investing in PG county, Maryland

Yi Zhao
  • Investor
  • New York City
Posted
Hi all, I currently do flips in PG county Maryland. I've been thinking about doing some buy and holds. Seems like from the BP podcasts that duplex, triplex, etc are a good way to go. However, I haven't found any that would even get 1% monthly cash on cash return. The multi's I've looked at are around Tacoma park and college park for 350k-ish. Seems like single families around 100k-120k have much better cash on cash return in PG. Am I doing something wrong?

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17,492
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Russell Brazil
  • Real Estate Agent
  • Washington, D.C.
30,197
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17,492
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Russell Brazil
  • Real Estate Agent
  • Washington, D.C.
ModeratorReplied

Takoma Park has incredibly restrictive rent control. The multis there are almost guaranteed to be cash flow negative if you purchase them using leverage

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