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Updated almost 4 years ago,
Best way to monitor multi-family homes in DC area
Hey Everyone,
I am looking to purchase my first investment property in DC and possibly occupy one of the units while working in the city. My income and reserves are large enough to support a $1.5M property with a standard 20% down 30Y residential loan. The problem that I am encountering is that when I use websites like Redfin and Zillow I can't seem to find many multifamily offerings. Knowing that multi-families are rare in DC, I have also tried to find homes with a basement that could be rented separately but these don't seem to appear on any filters either. Clearly I must be doing something wrong. How do the investors in this area keep an eye out for new listings that can accommodate more than one family?
I am looking to make the purchase in the next few months and I would appreciate any guidance this forum can provide.