Condos in the DMV area
Has anyone built a successful buy and hold strategy with condos? If so, what are some tips and tricks. I’m focusing on Fort DuPont Park, Herndon, Reston, and Alexandria with this question.
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I own a condo in Reston and rent out the spare rooms. It's been going good enough for the time being. Make sure you know all the HOA rules well, they can be either really good or just plain stupid. A bad HOA will make your life difficult and scare off tenants. One of the best parts of condos is the HOA takes care of a lot of outside maintenance and landscaping instead of relying tenants.