There are right around 100 available multi-unit properties for sale in DC currently. The numbers can change daily as buildings go in & out of contract or go off of the market. Why are we calling out multi-unit buildings? Buying a building in a Be Your Own Landlord situation where you live in 1 unit and rent the others for income is very possible for first time home buyers.
The FHA 203K gives you the power to make a low down payment (4%) when buying a multi-unit property that will also be your primary residence. The competing investor buyer who will not be living onsite has to pay a 20% Down Payment for the same building. Curious how this works? Check out our upcoming FHA 203K Workshops, a popular series we’ve been running for 3 years now.
We do regular tours of multi-unit properties, typically on Sundays. Some buildings have varying levels of tenant occupancy, meaning it is best to plan early in the week. We are happy to set up access to anything you want to see!
Not ready to sit down with a real estate agent yet? We have free group Home Buyer Workshops twice a week, every week. Here’s the schedule & topics: