Updated almost 8 years ago on . Most recent reply
House Hacking a condo in D.C.
Hi everyone! I am looking to get into real estate and I want to house hack for my first investment. I plan on moving to the D.C. area, but the prices of houses are extremely expensive. I may be able to snipe something in south Arlington, but that is no guarantee, and I am a little bit worried about living in a not so nice area. I was looking at Condos, and I may be able to find a decent 2 bedroom condo for under 300 K in a nice area.
Assuming HOA fees are minimal, could this potentially be a good investment? I may not get cash flow, but if my mortgage is only 200 bucks a month or so that would be great to me b.c i would still be building equity.
Any thoughts on house hacking condos?
Would I be better off trying to find a house in Arlington or some other location and house hack there?