All Forum Posts by: Gabe Storm

Even if Dems win both houses of Congress and the Presidency, there's no guarantee this goes through. The majority of Dems are centrist and just as interested in low taxes as the Republicans, and this is the type of fringe tax issue that could easily get shot down in committee while 99.99% of voters never had a clue that it was even discussed. All you need is a few big dollar real estate investors targeting committee members with donations and it's basically done. That's our system for you!

What part of Seattle is your duplex in? I so rarely see duplex's listed for sale.

I tend to agree. I have a 1BR, 786 sf condo in Queen Anne and will likely rent it out at some point, and from my perspective the rational thing to do is to jack the rent up as high as possible to screen out applicants before they apply. Alternatively, if I sold it today at its currently inflated value (probably no less than 430K), that would make it unlikely to ever be available for rent given the monthly cost at that point would probably be more than $3,000, which is considerably more than comparable rents in this neighborhood.

Anyway, I'm not renting it out right this minute, so I suppose I'll cross that bridge later.

Just out of curiosity, what part of Seattle is your rental property in? 

I purchased my condo in 2012 for $245K and I currently owe about 210K. Comps in my building support a current value on the low end of about 430K, which would give me about 220K in equity. Assuming I can access 75% of that, or 165K, via HELOC, what are some good strategies to get started? All replies are welcome, but I would appreciate in particular insight about the Seattle market, as that is where I'm located.

What does STR stand for? Are there any good articles on these companies?