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Chanel Bostic
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23 year old looking to buy a property in DC for 350k

Chanel Bostic
Posted

I am currently 23 years, looking to buy a property inside of DC between 330-380k. I am making about 75 k a year, and ideally, I would like to buy a 2/3 bedroom to house hack and offset my mortgage cost. From what I have seen on the market, my budget may not get me much of anything, but I would like to know if there is anywhere in DC that I may be able to afford. I would like to stay out of the SE area for safety reasons, but I know I will be looking at mostly up and coming areas. I have considered going through NACA for their great interest deals and no down payment program, but will this take me out of the running for these competitive properties. I am open to reno jobs. please help. I would like to buy within the next 3-6 months.

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Russell Brazil
  • Real Estate Agent
  • Washington, D.C.
30,729
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Russell Brazil
  • Real Estate Agent
  • Washington, D.C.
ModeratorReplied

NACA is a no go in this market.

Your price point, Id probably look at Hyattsville or that area. You arnt really going to get anything in an optimal DC neighborhood at that price, unless youd go to SE like you said.  Maybe Deanwood/Benning Rd which wouldnt be too bad. 

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