Old Town Alexandria House Hacking (near Washington D.C.)

[Alex Petsopoulos]

Hello!

Does anyone have experience with house hacking in Old Town Alexandria, VA, near Washington D.C.? My fiance and I are really enjoying our first house rack right now in the Huntington neighborhood, and next year, we'd like to move to Old Town. Price points are obviously super high on rowhomes, so, we thought living in a 1 bedroom condo and renting it out on Airbnb once we move out a year later might be a good strategy. We're also open to purchasing a rowhome with the potential to AirBnB the basement as its own unit. A live-in flip would be cool too. Is anyone making money in this area? Would love to connect with some Old Town Alexandria investors :)

Alex

[Russell Brazil]

Almost universally condos require that leases are 1 year minimum. So a short or midterm rental strategy will generally not work on most condos in the DC area. In fact I only know of 1 single condo building in the metro area that allows short term rentals, and it is in Foggy Bottom.