Brie Groves

We are trying to buy a SFH in a highly competitive Seattle market where every home is being sold for more than list price. We are prepared to offer more than asking but how do we determine the point at which it becomes more of a risk than investment? We worked with three different agents and all of them ended up saying that "it is worth what someone is willing to pay". This statement is true but it is true only under current conditions.

@Jared Boundy our experience in Seattle has been that Househacking almost always pencils out, BRRRR's often pencil out, and straight rentals sometimes pencil out. We invest here actively and help many clients do the same, but its definitely easiest to do successfully with either a low down payment househack or a value-add BRRRR.