All Forum Posts by: Jessica Bobo

@Michael C. Thank you Michael. That is very helpful! I will definitely be sending you a message as I have a few more specific questions if you don’t mind.

@Frank Godfrey thank you!! That makes sense! I appreciate your insight! I’ll keep this in mind when looking at PG.

@Frank Godfrey thank you for the explanation! I’m surprised more investors don’t gravitate to Oxon Hill with all of the upside and positive cash flow. Why do you think that is?

@Trevor Imlay thank you so much for your response. I’ve been seeing the development and have been hesitant on the area because Oxon Hill has not been an area that was historically desirable for investment. I’ve got my eye on a property that’s going to cash flow $800/month after some repairs. I was just hesitant because the Maryland market is new to me and these are numbers I get in DC. Made me wonder if so much opportunity exists, why more people don’t invest in the area?

Hi All- I currently have a couple of properties in DC that have experienced excellent appreciation and cash flow. However, the market is too hot and pricing me out. I’m seeing some pretty good cash flow in PG county, particularly in Oxon Hill. I’ve noticed that some of the shopping centers have been improved and some slight development starting to take place.

My question is, do you all think Oxon Hill will provide the appreciation over time in addition to attracting a quality tenant?

@Jason Allen thanks for responding!!

@Russell Brazil that’s what I’m afraid of! The unit got stale and hadn’t had any offers so there’s been no diligence done. A quick check of property tax records show that most of the owners have held the units for 15 or more years so I will have to see what’s in the condo docs to know for sure. In terms of the building/unit, all seems in working order. The $195k is where we landed after negotiations. The listing was stale so I decided to take a long shot and go in very low. Not as low as I wanted, but I like the price. Just didn’t know if it was too much on one door from a practical perspective.

Thanks for replying!

Hi All. This is my first time posting here, but I read often. I live in DC and own 2 properties. One is a SFH that I use as my primary residence (about $200k in equity) and a 2/1 condo that I rent out for about $600/mo income after mortgage and taxes etc. I used some of the equity from my SFH to make the down payment on the condo (the $600 includes me paying myself back).

I recently came across a 1/1 condo near capital hill. It's $195k which is really low for the neighborhood. I can expect to get between 2,200 and 2,500 per month in rent. I'll be using some equity for the down payment if I move forward. But my question is, is it unwise to spend so much on one unit? My first investment property was $130k. But numbers that low are very hard to find in DC. I don't invest in MD or VA and don't really have a desire to. I would consider out of state but have been apprehensive. Just want to hear from some seasoned investors.

Thanks!