What worked for you in Seattle

[Sam Chan]

Hello, I'm looking at Seattle hot market right now and nothing really seem to fit the 2% / 50% rule right now.

I have 2 questions:

1. is everyone just playing the appreciation game?
2. does the 2% / 50% still make sense in an expensive area?

[Kevin Romines]

Hey Sam

Yeah the 2% rule went out at least 2 years ago or more. Seattle is to hot for a 1% rule. You have to think outside the box to get anywhere close to those rules these days. Maybe you have a house with a basement that can be converted to a 2nd unit, maybe add an ADU? Maybe you look for a house that can be converted or used as an adult family home (6-7 beds with 6-7 bathrooms). Those are some ways you can get close to those rules these days?

The other option is to push out to more rural areas to get closer to the 1% rule.

I hope this helps?