@Roberta Allen - i purchased with the upgrades.

As long as you purchase at least as much as your net sale. 

See, the majority of profit in real estate is NOT made by below market purchases.  

I would lay eyes on anything you are considering purchasing first hand.

Purchase price: $101,000 Cash invested: $25,268 Sale price: $202,000 This was my first ever solo project.

Rentals are tough based on the rents vs the purchase price of homes out there.

The buyer agreed to cover the cost of the new appraisal, which came in significantly above the purchase price.

Purchase price: $160,000 Cash invested: $35,000 Another 1% single family deal in a transitional area creating long term wealth

A good sign of an agent is how much business they are doing on the purchase and sale side. 

However, the current market environment with relatively very high interest rates (7.37x increase of the 10-year treasury in 40 months from 2020-2024), and the slow recovery coming out of the Pandemic for the city make this a great opportunity to do just that, with many positive market factors on the horizon.In my opinion, right now is a great time to purchase a value add multifamily asset at an attractive basis, refinance in the coming years as we are now moving into a falling rate environment, receiving your tax-free refinance proceeds from the forced appreciation coming from renovations, the spike in market rent growth, lower vacancy, and compressing cap rates during the stabilization period, The macro factors for the DC Metro and for multifamily overall should contribute to a multifamily asset in the area being a safe and lucrative long-term investment as well.Other Notable Developments in the D.C.