Zillow Advice RSS: Question-Discussion-Guide,Investing,DC http://www.zillow.com/advice/DC/home-buying-investing/question-discussion-guide/ Zillow Advice search results | Zillow Real Estate New Construction or Fixer-Upper? http://www.zillow.com/advice-thread/New-Construction-or-Fixer-Upper/525579/ My spouse and I live and work in the DC metro area. We both work in non-profits and have a small child, so saving for a down payment has been difficult. While we're not considered low-income, we do qualify for the DC Opens Doors program (http://www.dchfa.org/DCHFAHome/Homebuyers/tabid/57/Default.aspx). <br/><br/>Just recently, a family member came forward and offered to invest in our first home. This would be an investment, not a loan, and we could use the money as we see fit. We are looking for a space where we could live for the next 5-10 years, and would see a good return on our investment. Initially, we considered going through the DC Opens Doors program to buy a fixer-upper in the Woodridge/Michigan Park area, and using our family member's contribution to make improvements to the home. Alternatively, we've been looking at the new construction in Hyattsville (Arts District), which is also experiencing an increase in retail and commercial businesses.&nbsp;<br/><br/>While we love living in DC, we are enticed by the idea of not having to worry about making improvements on our first home purchase. With that said, if buying a fixer-upper would yield a stronger return on our investment, I think it is an option we shouldn't pass up. So my question is: what sounds like a better investment in the long run?&nbsp;<br \><br \>7 replies Thu, 23 Jan 2014 18:01:00 GMT http://www.zillow.com/advice-thread/New-Construction-or-Fixer-Upper/525579/ 2014-01-23T18:01:00Z Will deanwood be a good area for a young investor http://www.zillow.com/advice-thread/Will-deanwood-be-a-good-area-for-a-young-investor/561446/ 0 replies Thu, 02 Oct 2014 15:08:00 GMT http://www.zillow.com/advice-thread/Will-deanwood-be-a-good-area-for-a-young-investor/561446/ 2014-10-02T15:08:00Z Loan Approval http://www.zillow.com/advice-thread/Loan-Approval/553314/ <p>What is the requirement to get approved for buying rental property? I've two property right now, one has been rented for more than two years now and the other is my primary residence. I can offered down payment upto 30-40%.<br/></p><br \><br \>4 replies Wed, 06 Aug 2014 01:03:00 GMT http://www.zillow.com/advice-thread/Loan-Approval/553314/ 2014-08-06T01:03:00Z Is it worth it to buy a house for 170k with code problems in Wash DC? http://www.zillow.com/advice-thread/Is-it-worth-it-to-buy-a-house-for-170k-with-code-problems-in-Wash-DC/551483/ Looking at a house in the Anacostia neighborhood.&nbsp;<br/>&nbsp;Had an inspection done. The seller has agreed to fix somethings such as roof and paraphet walls/shingles as well as reversed polarity outlets. The home still has a few issued deemed not safe by the inspector such as no AFCI protection on the bedroom circuits, no gfci protected outlet in the basement. There are several 2 prong outlets in the home as well as a small rear deck with insufficient support, not to mention there is an hvac return vent next to the furnace and a busted chimney flue.&nbsp;<br/><br/>&nbsp;It would cost 10k to fix all these items and thats not even covering other things in the report such as cracked mortar joints on the porch, water damage to the porch eave and under the kitchen floor etc. I am still considering it because of the ROI potential in a few years but its not like I have the cash saved up to make all these repairs. Advice?Thanks.<br/>&nbsp;<br \><br \>4 replies Sat, 26 Jul 2014 17:08:00 GMT http://www.zillow.com/advice-thread/Is-it-worth-it-to-buy-a-house-for-170k-with-code-problems-in-Wash-DC/551483/ 2014-07-26T17:08:00Z Investment rental property in DC/MD/VA area for around 200k http://www.zillow.com/advice-thread/Investment-rental-property-in-DC-MD-VA-area-for-around-200k/514093/ Looking for rental property that is in the Greater DC area, which is around 200k and secure a mortgage.&nbsp;<br \><br \>1 reply Fri, 04 Oct 2013 12:47:00 GMT http://www.zillow.com/advice-thread/Investment-rental-property-in-DC-MD-VA-area-for-around-200k/514093/ 2013-10-04T12:47:00Z Does "Pending" mean under contract? http://www.zillow.com/advice-thread/Does-Pending-mean-under-contract/504107/ 4 replies Mon, 29 Jul 2013 02:18:00 GMT http://www.zillow.com/advice-thread/Does-Pending-mean-under-contract/504107/ 2013-07-29T02:18:00Z Investment property in DC http://www.zillow.com/advice-thread/Investment-property-in-DC/469630/ Is it right time to buy an investment property to rent in Washington DC area? I was interested in buying&nbsp;a multi-family house with 4 units. RIght&nbsp;now, I am using zillow website to get an idea on pricing range.&nbsp;I am not quite sure but I think the asking price is high. Is there anyone out there who shares my idea that properties in DC are overpriced? Also please advise me on how to get professional investment real estate agent to help me with my purchase. <br/>Thank you.<br \><br \>3 replies Tue, 27 Nov 2012 16:34:00 GMT http://www.zillow.com/advice-thread/Investment-property-in-DC/469630/ 2012-11-27T16:34:00Z Is it right time to buy an investment property to rent in Washington, DC area? I was interested in b http://www.zillow.com/advice-thread/Is-it-right-time-to-buy-an-investment-property-to-rent-in-Washington-DC-area-I-was-interested-in-b/469629/ 3 replies Tue, 27 Nov 2012 16:29:00 GMT http://www.zillow.com/advice-thread/Is-it-right-time-to-buy-an-investment-property-to-rent-in-Washington-DC-area-I-was-interested-in-b/469629/ 2012-11-27T16:29:00Z how do you add homes to the favorites option http://www.zillow.com/advice-thread/how-do-you-add-homes-to-the-favorites-option/431183/ 1 reply Tue, 07 Feb 2012 17:44:00 GMT http://www.zillow.com/advice-thread/how-do-you-add-homes-to-the-favorites-option/431183/ 2012-02-07T17:44:00Z 3030 Dent Place NW, Washington DC change SqFt http://www.zillow.com/advice-thread/3030-Dent-Place-NW-Washington-DC-change-SqFt/418347/ Property is 2400 SqFt...change estimated value, please. cmgabel 202 337-1310 owner<br \><br \>1 reply Thu, 06 Oct 2011 19:33:00 GMT http://www.zillow.com/advice-thread/3030-Dent-Place-NW-Washington-DC-change-SqFt/418347/ 2011-10-06T19:33:00Z What is your projected appreciation in the next 3 yrs for prime Washington DC apartments? http://www.zillow.com/advice-thread/What-is-your-projected-appreciation-in-the-next-3-yrs-for-prime-Washington-DC-apartments/404558/ 4 replies Wed, 22 Jun 2011 16:09:00 GMT http://www.zillow.com/advice-thread/What-is-your-projected-appreciation-in-the-next-3-yrs-for-prime-Washington-DC-apartments/404558/ 2011-06-22T16:09:00Z Investment property http://www.zillow.com/advice-thread/Investment-property/395457/ Hi! I am looking to buy an investment property in Dupont Circle, one block from the metro. It's a junior one bedroom. Asking price is $230,000; property taxes $1,870; condo fees $350. There's a tenant in it whose lease expires in March, 2012, so that first year I will be getting income of $1,600 from that tenant who is there until the end of his lease. Two questions: do you think this is a good investment? How do I calculate income taxes on this kind of investment to figure out net income at the end? Thanks.&nbsp;<br \><br \>2 replies Sun, 17 Apr 2011 21:16:00 GMT http://www.zillow.com/advice-thread/Investment-property/395457/ 2011-04-17T21:16:00Z Dupont Circle - right place to invest? http://www.zillow.com/advice-thread/Dupont-Circle-right-place-to-invest/392196/ I recently visited a 700 sf one bed one bath apartment on the second floor (without lift) of a town house neatly located by the farmer's market and one block to the Dupont Circle metro station. Asking price 460 K. I checked with a property management company and was told the rental could range between 2200 and 2500. I dont see a rental premium on the location or the town house. Do you think this is a good rental investment, assuming it is cash-financed?<br \><br \>6 replies Fri, 25 Mar 2011 04:39:00 GMT http://www.zillow.com/advice-thread/Dupont-Circle-right-place-to-invest/392196/ 2011-03-25T04:39:00Z Just looking for a price on a location http://www.zillow.com/advice-thread/Just-looking-for-a-price-on-a-location/368583/ The place is on 450 Massachustte Ave NE Next to 425 Mass Ave Apartments<br \><br \>1 reply Sat, 02 Oct 2010 23:11:00 GMT http://www.zillow.com/advice-thread/Just-looking-for-a-price-on-a-location/368583/ 2010-10-02T23:11:00Z Buying a small apartment building. Finance options? http://www.zillow.com/advice-thread/Buying-a-small-apartment-building-Finance-options/365831/ I have been wanting to purchase a small apartment building, perhaps around 8 units, to generate income through renting. Specifically, I was hoping to rent these out to section 8 voucher holders. Are there any special financing programs available, perhaps through HUD? Where else can I locate lenders that would finance this type of property? DC metro area.<br \><br \>3 replies Sat, 11 Sep 2010 00:59:00 GMT http://www.zillow.com/advice-thread/Buying-a-small-apartment-building-Finance-options/365831/ 2010-09-11T00:59:00Z I am looking for Real Estate investors to do wholesales with. I appreciate any contacts out there. http://www.zillow.com/advice-thread/I-am-looking-for-Real-Estate-investors-to-do-wholesales-with-I-appreciate-any-contacts-out-there/289170/ 7 replies Sat, 17 Oct 2009 16:36:00 GMT http://www.zillow.com/advice-thread/I-am-looking-for-Real-Estate-investors-to-do-wholesales-with-I-appreciate-any-contacts-out-there/289170/ 2009-10-17T16:36:00Z Looking to invest in rental prop: LLC-pros/cons? Higher condo fees pros/cons? http://www.zillow.com/advice-thread/Looking-to-invest-in-rental-prop-LLC-pros-cons-Higher-condo-fees-pros-cons/250154/ What are the considerations (tax benefits, additional costs, etc) for setting up an LLC for investment properties (rentals in Maryland) ?&nbsp;<br/>The condo fees have gone higher given the market conditions.&nbsp; Are there any tax advantages of paying the condo fee, can it be written off?&nbsp; Thanks.<br \><br \>4 replies Fri, 26 Jun 2009 16:49:00 GMT http://www.zillow.com/advice-thread/Looking-to-invest-in-rental-prop-LLC-pros-cons-Higher-condo-fees-pros-cons/250154/ 2009-06-26T16:49:00Z