Hello Mike, It is nearly impossible to answer this question without taking a deep dive on the numbers of each but often times in expensive markets like Seattle the cost of construction is so high that it doesn't make sense to tear it down unless you can build something way bigger/nicer.

It’s great to hear that you’re already working on a project to expand opportunities for real estate investors—that’s a fantastic way to immerse yourself in the field.As you dive deeper, here are a few things you’ll want to focus on to better understand how real estate investors analyze deals and make decisions:1.

Welcome to BP and the investment side of real estate—it’s an exciting space to dive into.

Once you have your goal figured out it will help you dive what areas make sense for your goals and budget.

Congrats on diving in, you are in the right place!

BiggerPockets has already been a great resource, and I’m excited to dive deeper into the real estate world.

Thank you for taking the time to do a deep dive. 2% home appreciation was also a fairly low estimate, it looks like in that area it is actually around 5-6%.

There's a few mortgage brokers in the area I'm happy to connect you with do dive deeper into your options.

If you’d like to dive deeper into my experience and why I’m bullish on Detroit, I'm happy to share some resources if you want to DM me.

Hey everyone,
I'm a first-time real estate investor and have been planning my first property purchase for years. I've finally found an auction property I'm interested in, and I’m ready to make a move! The property wi...