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Updated about 4 years ago on . Most recent reply

User Stats

7
Posts
0
Votes
Maurice Matthews
0
Votes |
7
Posts

Looking to Upgrade Single Family Investment in Washington DC

Maurice Matthews
Posted

Investment Info:

Single-family residence buy & hold investment in Washington.

Purchase price: $885,000
Cash invested: $44,250

Newly purchased single family in Columbia Heights

What made you interested in investing in this type of deal?

Potential to convert into multiple (2 or 3) units

How did you find this deal and how did you negotiate it?

Redfin (I'm a noob)

How did you finance this deal?

Credit Union

How did you add value to the deal?

Looking for options

Most Popular Reply

User Stats

17,425
Posts
30,066
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Russell Brazil
  • Real Estate Agent
  • Washington, D.C.
30,066
Votes |
17,425
Posts
Russell Brazil
  • Real Estate Agent
  • Washington, D.C.
ModeratorReplied

Condo conversion may be possible depending on zoning, but DC no longer allows conversion to legal multifamily.

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District Invest Group
5.0 stars
44 Reviews

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