What Would Cassidy Buy? - Washington DC House Hacking Duplex!

FHA 3.5-5% down and a tenant pays a portion of your mortgage? That's the DC dream. All three of these duplexes have room for you to live upstairs while mitigating your expenses by renting out the basement of the unit. If it's a legal duplex with a Certificate of Occupancy (CofO), long-term rental will be the best option. If it's a single-family house with an in-law suite, you can also consider dabbling in Airbnb.

Here are my suggestions for three great options to execute the strategy above:

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722 8th St. NE

- Duplex

- H St. Corridor

- This property previously grossed $90k/year in rental income when fully rented. The basement will rent for $2,350-$2,500/month to help you pay your mortgage if you are living in the upper-level unit.

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218 12th Pl NE

- Duplex

- Capitol Hill (2 blocks from Lincoln Park)

- This price point for this location is a steal for a duplex long-term. Though the units are on the smaller side, the basis is extremely low, making it a great entry price point for a duplex.

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1738 1st St. NW

- Single-family with an in-law suite (CofO has expired)

- Bloomingdale

- This building is currently listed for the same price the owners purchased it for a year ago. The opportunity to capture the equity appreciation that the current owners were hoping for is there! You can Airbnb the lower-level unit as many days a year as you'd like since it is not a legal duplex while you live upstairs!

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Reach out to BPG to schedule a tour or learn more about opportunities to start building wealth through real estate.

Happy Investing!

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