Washington D.C. Real Estate

The nations capital. Who would ever think that the nations capital is also the capital where most of its vacant and abandoned properties are flooding with unpaid back taxes? Well welcome to a real estate investors best and worst nightmare. Practicing real estate in the District you will definitely have to learn sophistication. Not sophistication in the sense of getting dressed up and brusing up on your table manners. The type of sophistication needed in this region deals more so with technique as opposed to ettiquette. More so then any other location in the United States, D.C. makes it extremely easy to get familiar with the property you are attempting to get a hold of or invest in. Step one is to get acquainted with the recorder of deeds of office. In this office you will find the deeds and ownership information to virtually any and every property in the District. While you can do this any where in basically any county, there may not be any place like this one that makes it so easy to look up a property without having to wait on service, shift through endless computers and shuffle from various buildings like you would have to in New York. In this office you can research properties and check out the latest foreclosure list all in one building.

To really get a leg up and become successful in the d.c. real estate market you will have to be very dilligent in your letter campaigns and your foot and grind work. It is in this authors opinion that the best way to become consistent with your cashflow and property availability is to focus heavily on BANKRUPTCIES AND VACANCIES. These two areas of real estate are strong and highly recommended because you not only have d.c. to deal with but you also have the neighboring states of MARYLAND AND VIRGINIA. The amount of people filing bankruptcies or just flat out neglecting a property because of taxes or relocation increase just because of proximity to completely different yet close geographics. You can reach your potential house sellers by embarking on a very rigorous letter writing campaign expressing that you would like to buy their properties. You can learn more and gain lots of knowledge to assist you in this campaign here. Due to the fact that D.C. has a very mathmatical and organize design makes it easy to find properties that have been left by thier owners. If you choose to use FORECLOSURES to gain wealth and success in the real estate business, then you may find yourselves in heavy competetion here. Foreclosures are the lure for every would be newbie investor that has the desire to increase his bank account. In this city letters and good old fashioned knocking on doors would put you ahead of most people practicing real estate.

One of your biggest obstacles in the capital may be the ever changing laws and the rise of banks severing their dependencies of real estate agents and the huge liabilities that acrues when a bank or mortgage company reclaims the property and the property sits and collects dust while not collecting any money.