Hello everyone,  I am looking to move from my house hack in Burien WA and wanted to test out the creative finance world by doing a subject 2 deal in Seattle (preferably West Seattle) and build a DADU in the back.  

I bought a river front property in Wa. 

It really came down to the opportunity to invest with a good friend who is a developer in DC.

Quote from @Karen W.: A few years ago, we purchased a 5 acre piece of land that already has a foundation and septic, hoping to eventually obtain a construction loan and build a home.

Personally, I think we are seeing quite a few MF properties hit the market in my area because Washington is becoming harder and harder to be a landlord.

So if one can buy dirt at a reasonable price get it approved and built and filled up as stated above they will force equity and have a very good investment that is worth a ton more when completed etc. the issue out this way is finding any dirt you can actually build a park on  most cities wont allow them then you have the other barriers to developement and absorption like I mentioned above these all factor into it.. out in the mid west and deep south one can buy a park for 7 to 10 cap all day long.. in OR WA CA your going to find it difficult to find a park above a 4 to 5 cap.

In many jurisdictions (Washington, Oregon, California & others) it is unlawful to contact people in foreclosure unless you are an attorney or real estate gent.8.

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Thanks, -DC

As Stuart mentioned, price point seems low which means area is likely D-C class at best.