BRRRR in Greater Seattle Area

[Jay Dhanak]

Hey BP folks,

With the new ADU/DADU laws in Washington (HB 1110 + HB 1337), I've been exploring whether new construction multifamily BRRRR can actually work in Greater Seattle right now — where you refinance and walk away with 100% of your initial investments back, with rent covering all expenses.

The numbers are tough with current rates and construction costs. Curious if anyone's cracked it.

A few things I'd love to know:

What areas are working for you? (Tacoma, Renton, Kent, Everett or any other?)

What strategy is actually working out right now? Any specific creative structure layout?

Happy to connect and learn from experts here. Please drop a comment or DM me!

Thanks in advance.

[Alfath Ahmed]

Quote from @Jay Dhanak:

Hey BP folks,

With the new ADU/DADU laws in Washington (HB 1110 + HB 1337), I've been exploring whether new construction multifamily BRRRR can actually work in Greater Seattle right now — where you refinance and walk away with 100% of your initial investments back, with rent covering all expenses.

The numbers are tough with current rates and construction costs. Curious if anyone's cracked it.

A few things I'd love to know:

What areas are working for you? (Tacoma, Renton, Kent, Everett or any other?)

What strategy is actually working out right now? Any specific creative structure layout?

Happy to connect and learn from experts here. Please drop a comment or DM me!

Thanks in advance.

 From what I have seen, you are better of doing flips there or investing in another market. I get a lot of investors from Seattle and the common consensus is too expensive, not landlord friendly, and home values have gone the opposite way. 

You could also look in different market and invest out of state. Look into the midwest and buy in tech driven cities with growth. You can connect with investor friendly realtors that will connect you with their core-4 team.