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Updated over 6 years ago on . Most recent reply

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Diamond Lovelace
  • Flipper/Rehabber
  • Washington, DC
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Looking to get into Multi-unit in Maryland/Dc

Diamond Lovelace
  • Flipper/Rehabber
  • Washington, DC
Posted

looking to invest in buy and hold / life hacking multi unit(s). Looking to connect with others about everything I don’t know . Is there anyone in the Maryland/Dc  area?

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Russell Brazil
  • Real Estate Agent
  • Washington, D.C.
30,216
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17,501
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Russell Brazil
  • Real Estate Agent
  • Washington, D.C.
ModeratorReplied

The biggest thing to be aware of is the DC area, and the entire region has an extremely low number of multifamily properties that even exist.  To give you some perspective, last year in 2017 there were 218 multifamilies (2-4 units) that sold in the entire metro area, out of roughly 90,000 home sales.  

Also the number of multifamilies that actually exist is a shrinking number as they get carved up into condos.

With low supply, and high demand, expect a competitive time acquiring a multi. It can be done, but it can be pretty hard. 

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