U r asking a loaded qs.
u already got a general answer that rental market in chevy chase is good.
All too often, people jump into this type of situation, with less than 100% analysis.
U need towork witha good buyer agent and a good loan officer to help u decide a plan(if it is workable).
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Saab Realtors Cor p
Are you currently financially secure? Will your income handle you current bills with the addition of a new mortgage? (With new lending practices, you will not be able to count any income from the rental, so you must qualify in your current situation) Are you looking now to find a great deal, but will be a long term investment, or will you be moving out of the property within a few years? Are you wanting good cash flow as a rental or just break-even since you will move into it?
You should take the time to talk with an agent knowledgable in the area, market conditions, and your goals-then armed with that information talk with your financial adviser to get a good list of pros and cons for buying now vs buying later. Educate yourself and utilize the expertise of others so you can make a good, solid, well-informed decision.
Best wishes on your venture.
The rental market is great in Chevy Chase not only because of its close proximity to DC, but because of the school district. Just let me know if you would like for me to send you a rental analysis of the area. You can email me at firstname.lastname@example.org. :-)Christine