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Washington D.C. Real Estate Q&A Discussion Forum
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Updated almost 7 years ago on . Most recent reply

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Tom Gimer
  • DMV
3,417
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3,467
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DC activity? Looks like none.

Tom Gimer
  • DMV
Posted

Based on the lack of activity in this particular forum, it would appear there is nothing going on in DC. Can't be true.

Perhaps you're posting your questions/issues in another forum. Where would that be?  

  • Tom Gimer
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Eastern Title & Settlement
4.9 stars
12 Reviews

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Bob Mills
  • Professional
  • Durham, NC
11
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14
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Bob Mills
  • Professional
  • Durham, NC
Replied

@Tom Gimer For my 2 cents, I also believe that since BP is geared strongly towards the "passive" income, Kiyosaki-inspired crowd who is looking for assets that can cash flow at 10%-20% cash-on-cash return with the additional cost of property management, it naturally isn't going to be as active as some "2nd tier" cities such as Indianapolis, Kansas City, Memphis, etc. DC isn't cash flow heavy - it's hard to find an MLS property that meets the 1% rule, not to mention the 2% rule. It is more of an appreciation town when it comes to long-term holds. For short term it can be great for flips & wholesaling, but again that isn't the main focus of BP.

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