Overall this is just another overpriced small multi-family that someone is trying to sell while the market is hot and should be a good lesson on why it's so important to crunch the numbers.

If someone is selling a fully occupied duplex, after you crunch all your numbers, I doubt if you paid cash you'd be getting more than 5-8% ROI on your money.

Because you can still buy (plenty of) satisfactory condition family homes for less than $30k in 2018 (ie. before the next credit crunch),  can you see why "no where to go but up" is not a given?...

If all goes well and we learn how to crunch the numbers correctly and build teams as necessary we'd love to branch out and try other wealth building strategies that real estate can offer.Currently we live in a market that is a little daunting to find investment property in (Seattle) and we're initially feeling more comfortable with numbers in markets elsewhere. 

Here are things I also consider in my model (but I'm also an excel guru and work in investment management firm so i'm good with number crunching):estimated annual appreciation of (but you can bypass this if you assume that increase in your rent offsets all the expense increases):1. assets2. rents3.

Really, this is crucial. 3.Always stay ahead of your clients by doing as much research as possible and even crunching numbers.  4.Set expectations from the beginning and learn to communicate this up front.

The problem comes down to people who spend more time crunching numbers and analyzing markets but not enough time learning and understanding the neighborhoods within those markets.

This ridiculously long post just for this  - I'm trying to figure out the best step forward on crunching the numbers and seeing if there is actually any potential here. 

This ridiculously long post just for this - I'm trying to figure out the best step forward on crunching the numbers and seeing if there is actually any potential here.

If you have any question or would like help crunching some numbers send me a PM.