All Forum Posts by: Bradley Dosch

Hey Keaton, this sounds like an interesting situation to dissect! My first instinct when reading this is that your return on equity is about 8% (20k cash flow/250k equity). This is decent when you compare to other investments like the stock market but could you perhaps could a better return elsewhere?

You are right that Seattle has relatively less favorable landlord laws. One consideration I would have is the DADU potential of this place. Seattle has very favorable regulations for building a detached or attached ADU. I'm not sure if the place you're in has good potential for this but I think it's something worth considering. This would be a great equity play.

I know it's hard giving up that sweet low interest rate loan but I think it's kinda getting outside the scope of what we should be focusing on. I hope this helps and feel free to reach out with more questions!

Hey Jimmy, great question and seems like there's already some good answers here. For 2-4 units, there will be separate meters. For my rent by the room single family houses, I just include it in their rent and tell them that. This should definitely be something you account for as utilities can quickly rack up in cost!!

Yes that's another very important consideration if you are not in Seattle, Burien, or Kirkland!! Sounds like you're on top of the regulations. I agree that it may go the way of Dodo but unfortunately that's totally out of your control. 

Definitely, affordable housing is something we should all be striving to provide as real estate investors. We'll have to keep an eye more on the bill to see how it develops!

Hey Marc, that sounds like a neat house you own and have some good opportunity with the land. My team and I have also been contemplating how these new bills will affect ours and our clients' projects. 

In the case of having a newly vacant subdivided plot of land, I do think building the max amount of units makes the most sense. Not only from an investment perspective but also from a public benefit standpoint. We gotta house more people. I hear you about the cooling of the market, but I think that's a short term viewpoint. Housing, especially in the Seattle area, will always be needed. Owning this asset long term and ethically using it is a great way to make money and help the issue. 

The existing house is an interesting issue I've also been thinking lots (pun intended) about. My initial instinct is to keep existing construction just to keep things simple and not make a huge toll on our planet, especially if the house is in good condition. I suppose there exists some threshold depending on the condition of the house and how "worth it" it is to salvage it. 

My go to strategy, without knowing much about you and your place, would be to subdivide the land, build the most dense and attainable housing possible on the new land, keep the existing house and add a DADU on the existing lot if possible.

So many options! Hope this helps. My team and I do these projects often in the Seattle area and are happy to chat more. We host monthly meetups and would love to meet you!

 Hey John, we usually have them in Seattle. The one we are having tomorrow is at Stoup Brewing in Ballard 6-10pm

Hey Kobe, I live and house hack in the city of Snohomish. Work everywhere in the greater seattle area. We're having a meetup on Thursday. Happy to connect!

Hey Darren, thanks for posting this. Looks like an awesome deal! Way to keep it simple and get started on an awesome investment

Hey Malik, thanks for making this post. As others have said, I highly recommend house hacking as your first real estate investment move. Buy a house to live in with a 3-5% down payment, rent out the extra space and learn as much as you can. Keep it simple, keep growing and learning. Good luck Malik!

Dang Jordan you're crushing it! Love these 5 bed houses and I love these analysis spreadsheets 

Hey Carlos, nice job! The easiest way to get started is to look into generating extra income from your new house - rent out rooms, extra space, babysit dogs, provide storage, etc. Good luck!