Germantown Worth it or Not?
Hi Everyone,
With Jump Start Germantown and all the potential commercial work on the horizon on Germantown Ave, I am trying to feel out if this is a good area to invest in. The cap rate is good and numbers make sense to use the BRRR strategy as the comps in the area show ARVs that will work. But my concern is the rental income and quality of tenant post rehab. Has anyone invested here or know anyone that has?
My goal would be to use BRRR and then hold as I would expect the value of the house to increase as more commercial spaces move into the area. What is everyone's thoughts on the neighborhood in the next 3 years? Would love to discuss. Thanks!