The Final Frontier - Northeast DC

[Sean Winter]

Friends,

First time buyer here. What are your thoughts/analysis on investing in Northeast? I’ve been contemplating purchasing in and around Trinidad. There are a lot of new projects and renovations coming to life up there. Too soon/too risky? Some folks are certain it will develop significantly over the next few years.

Thank you,

Sean

“It ain't what you don't know that gets you into trouble. It’s what you know for sure that just ain’t so.”

[Hanna M.]

I bought a house in Trinidad 6 years ago and am doing great on it cashflow-wise, even after a cash-out refinance a year ago where I pulled out 100K in equity. Right now if you buy you're going to be near a break-even point, as prices have already skyrocketed in the neighborhood.