You never know what you’re going to find when you open a wall - and prices at that level, I’m sure nothing has really been upgraded yet.

Instead of renting an apartment I am hoping to buy a duplex that needs some TLC, fix it up and rent out the other half.

Thanks again for taking the time to put together BP, it is the best tool for real estate I have found so far.Hi Brynn, pleased to meet you.Decide which kind of investor you want to be (SFR, Commercial, Land, Tax Liens, Passive, HML, Multi-Family, Notes, Fix & Flip, Buy & Hold, “Subject To”, apartments, duplexes, assisted living, REOs, Foreclosures, Short Sales), etc.

I suggest either purchasing a duplex to quadplex with your VA loan.

For example, you buy the place and the tenant could claim the Seller allowed them to paint the walls black or that their security deposit was twice what the Seller claimed.

If that’s not possible, it’s not a deal.We always look for 6-9% CoC and 15% IRR, a refi in 2-3 years and an exit in 5-7 years.A few subjective thoughts on the current general multifamily real estate situation: I see similar signs on the wall as in 2008.

I currently have 8 units (9th owner occ) in that triplex, a duplex (2009), and 4-plex (2014),  all in south seattle / burien areas.Seattle is way overpriced and IMO due for some kind of correction right now ;  I don't see how things can continue to appreciate like this,  and at least within seattle itself many smaller MF properties are worth more for the dirt under them than the structure itself just for the redevelopment potential,  which is unfortunate at least from the perspective of an buy and hold investment viewpoint and availability of decent and comparatively affordable rental units in neighborhood-scale buildings. 

I’ve been looking at a SFR as well a duplex (duplex being bit more expensive in purchase price). 

My plan is to buy my first home when I graduate as a duplex or larger and keep going up from there with house hacking.

Hey Everyone, We just took possession of our first duplex today.