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Tips on Buying Multi Family Properties

In addition to the information in the article, here are a couple of thoughts about buying rental property Washington and Baltimore.

Make sure that there are no deadbeat tenants, they are hard to evict in DC and Maryland and it will cost you a lot of money in lost rent. Make the seller bribe them to leave before you close.

If your goal long term is to convert to condos, and the building in DC, read up on the onerous TOPA laws in effect there.

Good luck!

Go to BiggerPockets.com to read the article.