Investing in Washington DC metro area

3 Replies

Hi folks, I live close to DC, love the city, and want to get an investment property in an upcoming neighborhood in DC. Over the past few months, I have gone all over NE and SE  neighborhoods (Anacostia, Deanwood, Randle Heights, Benning Road etc), and also bid for a few houses. Unfortunately, did meet with much success. I have primarily relied on Redfin and Zillow to find listings. Would love to hear advice or pointers to agents, from members on things I can try out to get better success.  Thanks!

@Russell Brazil Thanks - the bidding war has been relentless here! Any suggestions on neighborhoods to focus in DC and surrounding areas for good investments? I am looking for a longer-term investment (5 years or more), which I want to rent out. 

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Bidding wars are nothing to be afraid of. Your agent should be able to help you craft a strategy for winning. There are plenty of areas in DC that make good investments, each with their distinct pluses and minuses. Your agent though should be able to point you in the right direction for.your particular goals.

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