All Forum Posts by: Darren Chang

@David Edwards thank you. Terrane was also recommended by another friend so this is twice the assurance.

Hi Forum, need recommendation on reliable and professional surveyors for a land about 0.8 acre with 4,000sf existing buildings on it. Someone who covers the Seattle/Bellevue areas would be appreciated. Need to survey both the land and buildings. Thanks!

Hi everyone, anyone has a good idea on cap rate in the Redmond area for medium sized multi-family? My medium size I mean 5-50 units. Also where you think has a good cap rate? Thanks in advance!

@David Edwards I read three sections in combination and drew the conclusion that a detached structure in lot less than 20,000sf can only be used for storage, greenhouse purpose, and in lot larger than 20,000sf they can only be used as Guest Cottage for non-paying occupants. The three sections are: 

20.20.125 Accessory structures in residential districts - Detached

20.20.250 Cottage, guest

20.50.022 G definitions

@David Edwards Hi David, it seems Seattle's AADU/DADU regulations have not been adopted by Bellevue. By reading the Bellevue zoning, it seems AADU can be rent out but the primary residence must be owner-occupied (or vice versa). The Accessory Structure detached cannot be a dwelling, and the Guest Cottage can be a dwelling but only unpaid, cannot be used for short-term or long-term rental. Is my reading correct? 

Thanks @Brenden Mitchum and @Ryan Elblein. I think these are sounds advises. 

In Atlanta I would say $110PSF, and Columbus could be a little bit lower than that.

thanks guys @Jaysen Medhurst @Jason Lee

Hi everyone, if I need cash for an investment project, which is preferred way to get it: selling a current property to get the cash, or keep the property, rent it out, and do a cash-out refinance? A few conditions are listed below:

- The existing property can be qualified as primary residence, and there will be no capital gain tax if sold.

- The existing property has a small mortgage left.

- If I rent out the property at the current market rate, the income is no enough to cover the refinance payment and the cash flow will be negative, assuming the refinancing amount is 75% of the home value and an interest rate of 3%

- There is a chance I won't get my rent income on time given NYC has suspended rent payment

- Given this apartment is in NYC and close to subway, there is a chance for appreciation over the long term.

Some insights into the pros and cons of the two approaches would be highly appreciated. Thanks in advance!

Hi Roshan, welcome and I'm envious of you. I hope I was thinking about investing when I was 17. LOL. In addition to networking, I suggest you to build up your knowledge base by reading Robert Kiyosaki and the Rich Dad series. Really a good and affordable place to start.