Apartment Profits explains how to check whether an apartment building makes money before you buy it, with a focus on Seattle.
We are not brokers, lenders or advisors, and we do not list properties or rank companies. Our guides walk through the method: income, expenses, net operating income, financing and the city and state rules that change the numbers. Examples use made-up figures to show the arithmetic.
Landlord rules, taxes and loan terms change. Use these guides alongside current information from the City of Seattle and Washington State, and advice from your own lender, accountant and attorney.