With these deals, I structure them as partial interest-only loans, with you only making interest payments for the first 10 years.

The laws vary from state to state and even some local municipalities have ordinances that could affect how you deal with this situation.

Legit lender.. whether they have the terms your looking for or will do your deal is up to them.

If this property had been in one of the areas zone for more density they would surely have done a normal "Seattle six-pack" of 0-lot-line townhouses but instead they short platted 2 lots to still in effect end up with a six-pack even though in an area not zoned for it, at the cost of having to sell units as condos and deal with other ADU limitations (e.g. 1000sf limit).In 2023 the State mandated Seattle-style ADU regulations across all urban growth area cities/counties, going even a bit further (2 of any combination of attached/detached allowed).

If you are less, then no big deal if you want to check it out.

I am a new investor who is eager and motivated to find deals along with learning more in depth of this Real estate industry.

Currently we are dealing in single family homes and non-commercial multi-family but have future growth visions on mid-sized commercial multi-family as well as STR's.Outside of real estate, I enjoy God - Family - Fishing and Friends.Excited to learn and connect with you all!

For your sake, I hope you're getting an amazing deal on an empty 8-plex.

We are newer to the real estate world and looking to connect with local investors, and for off market deals from wholesalers.

Would it be consider as an appreciation market yet or just more like cash flow type of deal (since housing price is still fairly affordable)?