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Updated about 3 years ago on . Most recent reply

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Active Duty reporting to Bethesda MD, house hacking?

Posted

I am an active duty military member that will be stationed at Walter Reed Bethesda, MD and I will only be station there for a few years. I have no experience and this will be my first house. I am looking for a real estate investing/ house hack friendly properties. I'm also looking for something in the Bethesda or anything close to this location.  Good cash flow potential area. I will probably rent by the room/house hacking and wanted to know where I could find the laws and regulations for Maryland. Thanks in advance. 

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Russell Brazil
  • Real Estate Agent
  • Washington, D.C.
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Russell Brazil
  • Real Estate Agent
  • Washington, D.C.
ModeratorReplied
Originally posted by @Carlisha Watlington-Holivay:

I am an active duty military member that will be stationed at Walter Reed Bethesda, MD and I will only be station there for a few years. I have no experience and this will be my first house. I am looking for a real estate investing/ house hack friendly properties. I'm also looking for something in the Bethesda or anything close to this location.  Good cash flow potential area. I will probably rent by the room/house hacking and wanted to know where I could find the laws and regulations for Maryland. Thanks in advance. 

 Welcome to MD soon.

Id recommend doing a rent by the room situation in Rockville, Gaithersburg or Silver Spring. The occupancy limit is 5 unrelated people in a property in Montgomery County. So optimally you can get 4 roommates, that should bring in between $3,000-$4,000 a month extra. 

Of course finding a 5 BR might be a little tough depending on price point.....4 bedrooms is probably a better bet.

Rockville and Silver Spring are where most of my rentals are (followed by DC) and I live in Gaithersburg. Feel free to reach out with any questions.

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