Hello from Washington, DC!

[Jared G.]

Hey, everyone. My name's Jared and I live in DC. I'm in my mid-20s and have become interested in real estate investing through my main passion of financial independence. I must've read and listened to every post and podcast on FIRE, and am now trying to take that same research to real estate. Ideally I'd like to pull off buying a multiplex and living in one of the units for a year.

I'm feeling a bit overwhelmed, especially because I've heard countless times that DC is not a good market, especially for a beginner. I'd love to hear your opinions! Thanks for reading.

[Ron Gallagher]

There's very few multifamily properties in DC, unless you want to live in an unsafe area or have $1 million dollars in cash to buy one of the rare 4 unit properties that rarely come on the market that's not going to happen. Your best bet is to buy a rowhouse, or condo if you can't afford a rowhouse, in an attractive part of the district and rent it out by the room. Live in the smallest room (or sleep in the living room) and rent out the best rooms for maximum (and potentially the only way to) cash flow.