New investor in DMV area

[Darnell Leslie]

New to real estate and looking to JV on a multifamily property within the DMV or surrounding markets.. Primarily, a buy and hold investment. Id love to hear ideas or thoughts form anyone interested.. Duplex, triplex, fourplex.

[Russell Brazil]

Welcome to BP @Darnell Leslie.  Multifamily 2-4 unit properties are incredibly rare in the DC metro area.

Only about 0.7% of the housing units in the metro area are 2-4 unit properties. This ratio is one of the lowest in the entire country for major metro area.  Where the majority of those few that do exist, are located in DC proper. In DC they will largely be found in Kingman Park, Trinidad, Deanwood, Columbia Heights, Petworth, Brentwood, Anacostia. In DC about 12,000 2-4 units exist (thats out of 319,000 housing units.) Then for perspective Montgomery County where you are has 126 out of about 400,000 housing units.