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Rent vs Buy in Washington : Real Estate Advice

  • All964
  • Local Info39
  • Home Buying268
  • Home Selling28
  • Market Conditions21

Activity 2
Fri Aug 12, 2016
June Buerkle answered:
Corporate landlords will run credit checks and deny you if you don't meet their algorithm of requirements.

Smaller or individual landlords might not run credit, or even if they do they may have more flexibility in accepting your circumstances. ... more
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Mon Nov 10, 2008
Michael Taft answered:
I have a little different perspective for you as I used to live at Vaughan Place and know these units quite well. While n one knows what the market will be this Spring, we as realtors all know that it is the best time to Sell and this type of property is hot right now in D.C. I am optimistic that you should be able to sell your place for close to your purchase price (+ or - a few $$$). Especially with parking.

If you rent you will never cover your mortgage and HOA. In addition the rent becomes income and is therefore TAXED. When you factor in appreciation on both the place and your furniture, I feel this becomes a bad idea, unless you would consider keeping the place long term and making it an investment property, but that is a whole other conversation.
... more
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