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Old 08-28-2020, 02:21 PM
 
153 posts, read 131,780 times
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Hi,

We are wondering if we could get advice on investing. We want to buy either a 600-650k SFH Somewhere near Lynnwood or a 700-750 townhouse near green lake area. Over 2-3 years of ownership, is there any expected differences in appreciation between the two? Or is it more “location location location” for things like this and doesn’t matter the type of real estate as much
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Old 08-28-2020, 02:29 PM
 
153 posts, read 131,780 times
Reputation: 144
Quote:
Originally Posted by CirculateRX View Post
Hi,

We are wondering if we could get advice on investing. We want to buy either a 600-650k SFH Somewhere near Lynnwood or a 700-750 townhouse near green lake area. Over 2-3 years of ownership, is there any expected differences in appreciation between the two? Or is it more “location location location” for things like this and doesn’t matter the type of real estate as much
I’m thinking the SFH because you can put in some sweat equity that you can’t do with the TH?
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Old 08-28-2020, 05:39 PM
 
7,743 posts, read 15,874,077 times
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They are two vastly different areas. Have you visited these areas?
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Old 08-28-2020, 05:56 PM
 
153 posts, read 131,780 times
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Quote:
Originally Posted by Inkpoe View Post
They are two vastly different areas. Have you visited these areas?
Yes
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Old 08-28-2020, 07:21 PM
 
Location: Portal to the Pacific
8,736 posts, read 8,671,426 times
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Why only 2-3 years? What kind of plan do you have?
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Old 08-28-2020, 07:38 PM
 
153 posts, read 131,780 times
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Quote:
Originally Posted by flyingsaucermom View Post
Why only 2-3 years? What kind of plan do you have?
In 3 years from now, my wife and I will move to your wonderful city. We live in Arizona. We are young but have a income of 225k / yr combined pre tax income and a 810 credit score. We will move with no real savings other than bills safety net. We will rent an apt for 10-12 months. Take 100k or so we save in that year and buy. We will live in that purchased property for 2-3 years while we save additional monies for an “upgrade”. Sell the first home and “Move up”. I understand 4-7% appreciation is average baring in mind possible acute trends Up or down. I also understand to estimate about 10% of sale price lost while selling a property.
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Old 08-28-2020, 09:37 PM
 
Location: Seattle
8,171 posts, read 8,304,797 times
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Quote:
Originally Posted by CirculateRX View Post
Hi,

We are wondering if we could get advice on investing. We want to buy either a 600-650k SFH Somewhere near Lynnwood or a 700-750 townhouse near green lake area. Over 2-3 years of ownership, is there any expected differences in appreciation between the two? Or is it more “location location location” for things like this and doesn’t matter the type of real estate as much
Most people, given the chance, would choose the Green Lake place as a better investment. You'll never have a problem leasing it if you choose to. Yes, location, location, location.
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Old 08-28-2020, 09:45 PM
 
153 posts, read 131,780 times
Reputation: 144
Quote:
Originally Posted by homesinseattle View Post
Most people, given the chance, would choose the Green Lake place as a better investment. You'll never have a problem leasing it if you choose to. Yes, location, location, location.
Even if the green lake one is a townhouse that I cannot make better and the Lynnwood area house would be able to build sweat equity?
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Old 08-28-2020, 10:02 PM
 
Location: Seattle
8,171 posts, read 8,304,797 times
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Quote:
Originally Posted by CirculateRX View Post
Even if the green lake one is a townhouse that I cannot make better and the Lynnwood area house would be able to build sweat equity?
Hard to answer. If it’s straight up location, Green Lake wins easily. If it’s a place that you can add value to and plan to live in, you might consider Lynnwood. The two places just have really different vibes, make sure you know them.
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Old 08-28-2020, 10:25 PM
 
Location: Was Midvalley Oregon; Now Eastside Seattle area
13,073 posts, read 7,515,583 times
Reputation: 9798
$225k Income, Now?
or in 3 years?
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