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Washington D.C. Real Estate Q&A Discussion Forum
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Updated almost 4 years ago on . Most recent reply

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28
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Joseph Ayoub
  • New to Real Estate
  • Washington, D.C.
23
Votes |
28
Posts

Buying Blighted Properties in DC?

Joseph Ayoub
  • New to Real Estate
  • Washington, D.C.
Posted

Hey, all - I am curious on how to purchase and repair a blighted property that is owned by the city of DC. I did a bit of research and came across Transforming Vacant and Blighted Properties from DCHD and the dashboard of properties that are available. 

From doing some quick reading, my questions are: 

- When are these properties available? Are they only available at auction or at set times? 

- How would I go about making an offer on a property from this dashboard that I am interested in? 

- Who would I need to work with from the city and who would I need to work with contractor wise to make a proposal? 

- What kind of restrictions/regulations should I be aware of if I repair a blighted property (does it have to be workforce/affordable housing, are there AMI requirements, can I be an owner-occupant etc) 

- How can I tour properties to determine scope of work?

Has anyone done this and if so, what has your experience been? Any help or points of contact (contractors or otherwise) would be greatly appreciated, since this is all new for me. Thanks!

Most Popular Reply

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17,456
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30,144
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Russell Brazil
  • Real Estate Agent
  • Washington, D.C.
30,144
Votes |
17,456
Posts
Russell Brazil
  • Real Estate Agent
  • Washington, D.C.
ModeratorReplied

They have an auction once a year or so. They post them on the MLS, usually 20 or 30 homea hit the MLS at once with like $100k opening bid price points. I dont know when it happens per se, but its pretty obvious when it happens.

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