Hi Bigger Pockets community, wanted to learn more about short term real estate investments, and house flipping from a local in the Seattle area.

Together, we negotiated favorable terms with the seller, ensuring a beneficial deal.

We would like to start building our portfolio with a long term rental, preferably a duplex, using a property manager.

This is not turnkey management long term as well.

Together, we negotiated favorable terms with the seller, ensuring a beneficial deal.

CLTA policies.Negotiate Terms: If feasible, negotiate with the seller or title company to potentially upgrade to an ALTA policy if it provides greater peace of mind for your client and enhances future marketability.Educate Buyer: Ensure your client fully understands the implications of the CLTA policy versus an ALTA policy, including potential impacts on resale and buyer financing preferences.While lenders can generally lend on properties with CLTA policies, buyer preferences and market dynamics may vary.

There are several notable Non-QM lenders that offer reasonable terms on 5-8 units and very strong borrowers (with half the networth of the amount they're seeking to borrow) can go up to 29 units. 

What terms are they offering you?

Are these attractive terms for a housing market that appreciates on average 6%?

My spouse doesn’t love having a tenant and sharing walls with someone but can see the benefits.