All Forum Posts by: Candice Banks

@Heather Skowronsky I would love to move to DC, but I am not opposed to Northern Virginia. I will take a look at Prince William County. How do you think renting one of the rooms in the condo will go in this area?

@Ray Johnson I could have clarified this better. I like the Class C+ area transitioning to  a Class B area. I would like to house hack and I do not know how feasible that will be in a Class C or C- area. 

Hey There!

I will be moving to northern Virginia for work in the next few months, and I am trying to purchase my first property to house hack in the competitive market of Washington, DC.  I am finding it extremely hard to find a 2br condo or row home in up and coming areas under $300,000, so I've turned to lease to own as an option. 

Does anyone have experience with lease own strategies as a means of purchasing their first property? 

@Gregg Hutton Thank you for this reply. I hadn't considered the rent to own option. 

@Russell Brazil Thank you so much for your insight. I will definitely give these areas a try. 

Hello All,

I am currently a graduate student who is moving to DC (from Central Virginia) in June/July. I would like to buy a row home to house hack. I've been doing extensive research on up and coming areas in DC: Trinidad, Deanwood, and Anacostia in particular. This research includes speaking with realtors and locals, reading reports, and identifying commercial development in these areas. 

I've had conflicting advice as to buy a house right away or rent an apartment for 6 months-1 year before buying. I personally favor buying first because I can't see myself paying someone's mortgage when I can pay little to nothing to live in a home I own. I would use this home as a start at building my portfolio in this area. 

I would love to hear other people's take on buying a house first in DC or waiting until I'm more acclimated with the area. 

Thank You,

Candice