Skip to content
×
PRO
Pro Members Get Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
$0
TODAY
$69.00/month when billed monthly.
$32.50/month when billed annually.
7 day free trial. Cancel anytime
Already a Pro Member? Sign in here
Pick markets, find deals, analyze and manage properties. Try BiggerPockets PRO.
x
All Forum Categories
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

All Forum Posts by: Daniel Nobile

Daniel Nobile has started 4 posts and replied 45 times.

Post: First time investor

Daniel NobilePosted
  • Real Estate Broker
  • Seattle, WA
  • Posts 46
  • Votes 75

Hey Tan, 

Welcome to Bigger pockets! Any specific reasons why you don't want to invest in your home market of Seattle? I think there are great opportunities investing out of state but Ive also found that it makes more sense to get some experience with investing in your state first before trying to invest out of state. Doing it that way allows you to gain hands on experience finding deals, managing rehabs, working with contractors, becoming a landlord etc. I bought my first HouseHack/investment here in the greater Seattle area for only 315k, so it is definitely possible to get started here at a lower price point then most people expect. Feel free to reach out if you want to chat some more!

Post: How to chose location and buy correctly in STR market

Daniel NobilePosted
  • Real Estate Broker
  • Seattle, WA
  • Posts 46
  • Votes 75

Hey Alec, 

The question isn't what we would choose but what would you rather choose for your ideal get away weekend? There are profits to be made in mountain/ski areas and beach locations. I would avoid HOAs if possible, makes for less complications but if you do find something in an HOA make sure to read the CC&Rs and make sure there aren't any restrictions on STRs. Even if there aren't any STR restrictions in place at the moment, the HOA may decide to change these down the road if it becomes a problem in the community, just something to think about. The better the views the more desirable & unique your STR will be but thats not to say you cant have a great/profitable STR in an area without the stunning views.

Post: Furnishing STR living room with pull-out sleeper sofa

Daniel NobilePosted
  • Real Estate Broker
  • Seattle, WA
  • Posts 46
  • Votes 75

Hey Matthew, 

I would look at comps and see if there is a a big difference in nightly rate & occupancy % between 2 bed condos that sleep 4 vs 2 bed condos that sleep 6. In my experience guests don't use pull out sofas as much as you would think and it might not be worth spending the money on a new couch if its not going to make a big difference in the numbers. 

Post: Seattle Real Estate Market - Is it any good?

Daniel NobilePosted
  • Real Estate Broker
  • Seattle, WA
  • Posts 46
  • Votes 75

Hey Isaac, 

You're right about the price points being high in the greater Seattle area but there are still lots of great house hack & investment opportunities. Happy to send you a few examples of these types of properties! Also knowing what your budget is and what locations you want to focus on will give you a realistic idea on what is achievable.

Post: What’s the best way to approach lending ?

Daniel NobilePosted
  • Real Estate Broker
  • Seattle, WA
  • Posts 46
  • Votes 75

Hey Ben, welcome to Bp! House hacking is the best way for someone to get started in real estate investing in my opinion. House hacking gives you the advantage of low down payment loan options (3-5% down) compared to traditional investment properties that usually require a 20% down payment. A good house hack will significantly lower your living expenses so you can save the majority of your income from your job and give you hands on land lord experience. Im a fellow house hacker and real estate agent on the Househack Seattle team. Happy to chat more! I can recommend a few investor friendly lenders also that can help you with your pre approval. 

Post: Washington State LTR Portfolio

Daniel NobilePosted
  • Real Estate Broker
  • Seattle, WA
  • Posts 46
  • Votes 75

Hi Brit, 

Welcome to BP! Congrats on your upcoming transition back to the civilian world! I recently separated from the Coast Guard this year. I am currently house hacking my property with the VA loan in the greater Seattle area. Earlier this year I helped a Military client close on a duplex in Tacoma using their VA loan entitlement. Cash flow is a bit tough right now in this market with low down payments and high interest rates but there is still good opportunities out there. Happy to chat some more if you'd like to connect.


Cheers! 

Post: Seeking advice on my PNW Vacation Market research

Daniel NobilePosted
  • Real Estate Broker
  • Seattle, WA
  • Posts 46
  • Votes 75

Hey @Michael Baum I mainly source data for STRs from Mashvisor. Airdna seems relatively accurate also, within 20% i'd say. Average occupancy rates for Ashford & Packwood are around 60-68%. These rates vary depending on a lot of variables but the comps are pretty strong for the most part. Feel free to dm me if you want to chat some more! 

Post: Seeking advice on my PNW Vacation Market research

Daniel NobilePosted
  • Real Estate Broker
  • Seattle, WA
  • Posts 46
  • Votes 75

Ashford has some of the strongest Airbnb occupancy rates in the state, and lower average purchase prices than many other mountain markets, although prices are going up as this quiet town gains more local and national awareness.

Packwood is a popular cabin / vacation town, close to one of the entrances to Mt Ranier & White Pass Ski Resort. There's great Airbnb traffic there, with average ROI as high or higher than almost anywhere else in WA. Because Packwood has Gigabit internet (Seriously, as fast or faster than the internet in Seattle!) it's also becoming a popular destination for remote & nomadic workers. Packwood, like many cabin markets, is appreciating rapidly, and I think it's a good place for Airbnb investors. There's currently no significant or restrictive Airbnb regulations, and as the town is in unincorporated Lewis County any future regulations would have to come at the county level – something that county commissioners have not expressed an interest in doing so far. I sold a Cabin in Packwood to an Airbnb investor client a couple months ago, and their project is turning out great.

Another area i've been excited about are the the towns along highway 2 heading towards Stevens Pass (Gold bar, Index, Baring, Grotto and Skykomish). I personally own a STR in Gold bar and know a few other investors who own STRs that are performing great.


The biggest challenge i've experienced with owning a STR in more of a remote location is sourcing contractors, cleaners, property management etc.. You can still find people but it can be a bit difficult compared to sourcing people in the greater Seattle area. Hope this helps!

Post: Stuck first time buyer - WA State

Daniel NobilePosted
  • Real Estate Broker
  • Seattle, WA
  • Posts 46
  • Votes 75

Hey David, were still finding 10%+ CoC deals in the greater Seattle area but they require a great deal of creativity to source. Rehabs, off market, seller financing, utilizing creative strategies like building out ADUs/DADUs, rent by the room, condo-izing lots and airbnb are how we're finding great deals locally. Im not sure what locations you've looked in or what price point but i'd be happy to send you some specific properties as examples!

Post: Estimating rents when renting a house separately

Daniel NobilePosted
  • Real Estate Broker
  • Seattle, WA
  • Posts 46
  • Votes 75

Hi Jason, truthfully it depends on the lay out of the property. I would keep the upper unit at $2800 and maybe consider lowering the rent for the downstairs unit depending on a few things. Ceiling height, noise from the upstairs unit, laundry location. If the laundry is located in a convenient location for both units with locked doors on both sides I wouldn't discount the rents. I would see if its possible to add a 2nd washer/dryer hook up in one of the units if the current laundry isn't in an ideal location.