All Forum Posts by: Hamiyyet B.

@Oliver Monaghan I don’t know of any , but following because I’m interested!

@Justin Lanciault

That’s a good idea ! I was familiar with closing costs potentially being paid but not condo fees!

@Russell Brazil

Thanks Russell! This is really helpful insight. I look forward to learning more about the condo market!

2017/2018 wow!

@Justin Lanciault

Good to know- Thanks Justin!

@Teresa F.

Thanks so much Teresa! This is very helpful info , yeah I’m definitely neighborhood agnostic as long as it’s close to metro. I’m also worried that since lots of higher end developments are taking place in the area this would (in the 5+ year term) become a less desirable rental for people but could fit someone looking to live in the area without the premium, perhaps.

Hey there,

I know the market is Red flaming hot rn, but how does that apply to Condos? I’m seeing some that are the market for 3-4months despite having avg condo fees * close to metro @. Waterfront , what am I missing ?

Sample property : https://www.redfin.com/DC/Washington/1101-3rd-St-SW-20024/unit-410/home/28496808?utm_source=ios_share&utm_medium=share&utm_campaign=copy_link&utm_nooverride=1&utm_content=link

Thank you!

Hi—

I’m really flying solo here so any and all sound advice is welcome so thank you for reading!

I'm looking at purchasing the following property with a conventional 3% down. And the monthly payment will be around $2k . I would live in it temporarily and rent it out which would generate probably enough to cover the mortgage but no cash flow especially since I have low down payment and PMI

Is this a good idea? I'm not sure if the market is right right now for FTHB. It's above roughly 10k on the estimated price. Houses in DC have been flying off the market 4-5 days avg so I'm curious as to why the units in this building are still on market for 3-4 months. I toured the property and didn't notice any red flags. It's 1/2 block from metro and grocery store and in the desirable Waterfront part of DC.

What am I missing ?

https://www.redfin.com/DC/Washington/

1101-3rd-St-SW-20024/unit-410/home/28496808?utm_source=ios_share&utm_medium=share&utm_campaign=copy_link&utm_nooverride=1&utm_content=link

Thank you !!