Legit lender.. whether they have the terms your looking for or will do your deal is up to them.

If this property had been in one of the areas zone for more density they would surely have done a normal "Seattle six-pack" of 0-lot-line townhouses but instead they short platted 2 lots to still in effect end up with a six-pack even though in an area not zoned for it, at the cost of having to sell units as condos and deal with other ADU limitations (e.g. 1000sf limit).In 2023 the State mandated Seattle-style ADU regulations across all urban growth area cities/counties, going even a bit further (2 of any combination of attached/detached allowed).

congrats on your new deal!

I am a new investor who is eager and motivated to find deals along with learning more in depth of this Real estate industry.

Currently we are dealing in single family homes and non-commercial multi-family but have future growth visions on mid-sized commercial multi-family as well as STR's.Outside of real estate, I enjoy God - Family - Fishing and Friends.Excited to learn and connect with you all!

For your sake, I hope you're getting an amazing deal on an empty 8-plex.

We are newer to the real estate world and looking to connect with local investors, and for off market deals from wholesalers.

Would it be consider as an appreciation market yet or just more like cash flow type of deal (since housing price is still fairly affordable)?

A real estate agent can wholesale which solves a lot of the legal issues.98% of “wholesalers” spend $5,000 in advertising and expenses without ever doing a deal before they go on to do something else.

I do flips to multi-unit holds - picking up a nice creative finance deal in Wasilla shortly that I'll STR and a multi-unit in Chugiak.