The prices here in Washington are beyond crazy in Western WA.

As soon as I get my home squared away I am moving on to becoming a real estate investor.

Investment Info:

Single-family residence fix & flip investment.

Purchase price: $34,000

Cash invested: $130,000

Sale price: $290,000

My first down to the studs, full gut rehab project. First ...

I filed my PRE, and through my research I could go based on square footage which would mean about 63%.

It is almost 3000 square feet on a large lot at the end of a cul-de-sac. 

Zillow is like the weather forecast... maybe it will rain tomorrow maybe it won't.You can only use it for recently sold and then you have to analyze the square footage, DOM, and how "like" it is to the rest of the neighborhood... does the house have a garage and is that the norm for the neighborhood etc.  

BP,Crazy to think that starting January 1, 2023, you can use a FHA primary residence loan to purchase a small multifamily with the following max loan amounts in Washington DC:Duplex- $1,394,775 loan amountTriplex- $1,685,850 loan amountQuadplex- $2,095,200The triplex and the quadplex are significantly restricted due to the "self sufficiency test" , making the Duplex the most realistic option.  

Find Brandon's videos on YouTube for the "four square" method of analyzing homes and practice.

We owe the world a smile too.3) The Beauty and the Beast Factor – In the beginning I thought real estate was about contracts, square footage, and exit strategies.  

Purchase price: $314,000If you're looking for a great place to invest in Washington State, I would highly recommend North Tacoma.