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All Forum Posts by: Christian Decker

Christian Decker has started 3 posts and replied 22 times.

Post: Starting Out in Seattle

Christian DeckerPosted
  • Real Estate Agent
  • Seattle WA
  • Posts 22
  • Votes 5

@Corban Anderson

I am a real estate agent for commercial and also an investor, even with the way rentals are going there are still opportunities in Seattle but there are also a lot of opportunities in the other markets in the area. I have seen a fair number of groups looking at sites in Shoreline, Lynnwood, Everett and Edmonds. There are still opportunities out there!

Post: Office and Retail Commercial Real Estate Success Stories

Christian DeckerPosted
  • Real Estate Agent
  • Seattle WA
  • Posts 22
  • Votes 5
@Grant Rothenburger Any specific ones you recommend? I I’ll defiantly do so!

Post: Office and Retail Commercial Real Estate Success Stories

Christian DeckerPosted
  • Real Estate Agent
  • Seattle WA
  • Posts 22
  • Votes 5

@Bob Langworthy That is awesome! What cap rate or margins did you look for/how did you find the building. If you are willing to share numbers that would be marvelous. Just trying to learn as much as possible what to look for.

Post: Commercial Real Estate (Retail or Office) Success Stories

Christian DeckerPosted
  • Real Estate Agent
  • Seattle WA
  • Posts 22
  • Votes 5
I don’t know if this is the correct place to post this but I was wondering about other people’s plans/approaches for Retail and Office investing. I’m 25 from Seattle and looking to invest in retail or office. Looking to hear from people what works and what doesn’t to take my first step.

Post: Office and Retail Commercial Real Estate Success Stories

Christian DeckerPosted
  • Real Estate Agent
  • Seattle WA
  • Posts 22
  • Votes 5
Hi I am a young (25 years old) new investor in the Seattle Washington area. I do have access to capital (I know that will likely be one of the first questions) but I was wondering if some people would be willing to share their plans for success I. The retail and office markets of commercial real estate. Having some examples would be incredibly beneficial as most of the BiggerPockets podcasts focus on residential. Just trying to learn, any information is incredibly helpful. Thank you in advance!

Post: 500k in Shoreline, West Seattle, Or Rainier Valley

Christian DeckerPosted
  • Real Estate Agent
  • Seattle WA
  • Posts 22
  • Votes 5

Hi David

I am in a very similar situation as you are and actually just purchased a home in Shoreline for around that price point. I would recommend being careful and looking at zoning before you purchase however, since all the "walking distance" properties to the light rail have recently been zoned high density multi Family (Officially MUR-35, MUR-45 and MUR 70) We purchased in the MUR 45 zone with the intention of developing it as well. However this area is fairly competitive. If you are looking for areas that can be rented out I would recommend staying near the light rail stations but out of the MUR zoning, as you will be competing with developers for those. Let me know if this helps or if you want to chat new invester to new investor :)

Christian

Post: In Search of Contractors

Christian DeckerPosted
  • Real Estate Agent
  • Seattle WA
  • Posts 22
  • Votes 5

@Dmitry Semenov Thank you I will look into those! I really appreciate it!

@Alexandru Midrigan Any names and connections would be incredibly helpful. We are planning on starting with the exterior of the project in December (I know, not the best timing). Along with interiors when tenants move out.

Post: In Search of Contractors

Christian DeckerPosted
  • Real Estate Agent
  • Seattle WA
  • Posts 22
  • Votes 5

That makes total sense. I will have to try and find one in my area. It is hard to find for sure.

Post: Help with Seattle Rental Laws

Christian DeckerPosted
  • Real Estate Agent
  • Seattle WA
  • Posts 22
  • Votes 5

Hi Jeremy

I had a very similar question about the rental laws. Thankfully the city of Seattle puts on a landlord class. I actually emailed them about it yesterday. Below is the reply

"Thank you for the email. I’m so glad you reached out for some training! The next landlord class will be in October. Registration will open as soon as we confirm a venue. The training sessions are posted on our Facebook (@SeattleCivilRights) and Twitter (@SEACivil_Rights) pages. Additionally, you can sign up for our mailing lists on the bottom left hand side of our webpage: http://www.seattle.gov/civilrights.

We offer landlord training four times a year.

Best,

Monica"

I can also send you a pamphlet that I got if you send me your email. It has some helpful guidelines. I know it is not perfect but I don't have enough personal experience or knowledge to help much more than this. 

I will be attending this in October. Hopefully it will provide some clarity. We just put a project under contract in Seattle and that will be my first one here. If you dont mind I would love to talk to you about how you find people to do your work on the remodels. 

Like I said before I dont have a lot of experience but maybe the class will provide some help

Hope this helps

Christian

Post: Have Real Estate prices peaked?

Christian DeckerPosted
  • Real Estate Agent
  • Seattle WA
  • Posts 22
  • Votes 5

It really depends on your market. In Seattle the "experts" (I put that in quotes because no one except God knows the future) say that the market peeked about 60 days ago. We are currently at a plateau and waiting to see what happens next. There are still good deals out there but just have to work hard at finding them. Real estate agents I talk to continue to say things are still going up, they don't sound as convinced as they did last month.