Skip to content
×
PRO
Pro Members Get Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
$0
TODAY
$69.00/month when billed monthly.
$32.50/month when billed annually.
7 day free trial. Cancel anytime
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
New Member Introductions
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated almost 8 years ago,

User Stats

191
Posts
165
Votes
Sung Park
  • Rental Property Investor
  • Philadelphia, PA
165
Votes |
191
Posts

Newbie from Washington DC area

Sung Park
  • Rental Property Investor
  • Philadelphia, PA
Posted
Hi all! I've been lurking around BP for a few months now and I'm learning a ton from the forums and podcasts. I thought I'd formally introduce myself and start networking with people in the community. I have been living and working in the D.C. Area for about 7 years. I recently sold my primary residence and went back to renting to be closer to work. With my equity cashed out and combined with my savings, I got a lot of capital that I'd like to get some return on and the stock market just isn't that attractive to me. Instead, I'm looking to purchase a multi family property (preferably triplex or quad) to buy and hold for rental income and live for free. I don't have any intention of flipping, the cashflow is what I'm after. I love the idea of house hacking but the D.C. Area is sorely lacking in multi family properties especially towards the Virginia side. I am finding some in eastern D.C. and towards Baltimore but nothing around the northwest. Can anyone share their experience with house hacking in the D.C. Area? How'd you find it? What neighborhood and/or state is it located in? How did you finance it? FHA, conventional, hard money etc?Any real estate agent recommendations would also be appreciated.

Loading replies...