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All Forum Posts by: Account Closed

Account Closed has started 5 posts and replied 61 times.

Post: Cash Gift From Parents Can't Be Used for Investment Purchase?

Account ClosedPosted
  • Kirkland, WA
  • Posts 71
  • Votes 18

Brandon, I think the previous replies should answer your questions.  I would add that any gift over $12,000 is taxable.  Also, no one can tell you (or your parents) what to do with your/their own money.  Only thing would be bank rules.

Post: Renter Occupied Wholesale: How to handle inspections?

Account ClosedPosted
  • Kirkland, WA
  • Posts 71
  • Votes 18

Ideally, you would get the renter's information, contact them, and ask when in the next few days or so would work for their schedule.  Legally, the owner of the house has to give one day's notice for an emergent/urgent repair, or three days for non-urgent, at least in Washington State.  It's not your fault the owner is selling, so they should be courteous to you even though this situation may potentially be a hardship for them.  Treat them as such, and hopefully they will respond in kind.

Post: Condos as investment properties

Account ClosedPosted
  • Kirkland, WA
  • Posts 71
  • Votes 18

I would think there are rules about whether and to whom you can let, etc., that might make it more difficult to rent a condo vs a SFR. Be sure to ask the rules about each community.

Post: Are Brokers/agent not allowed to wholesale/market?

Account ClosedPosted
  • Kirkland, WA
  • Posts 71
  • Votes 18

At least fishy.  At worst, borderline illegal, and certainly against codes of conduct.

Post: Estimated Rehab Cost Checklist Link.

Account ClosedPosted
  • Kirkland, WA
  • Posts 71
  • Votes 18

Thumbs up, thank you!

Post: Rejecting the pain in the butt applicant without getting sued

Account ClosedPosted
  • Kirkland, WA
  • Posts 71
  • Votes 18

I don't have any problem simply saying, "Thank you for your application, but I don't think this is going to be a good fit.  Have a great day, and best of luck in your search."  End of story.

Post: Billionaire Investor From Puyallup WA

Account ClosedPosted
  • Kirkland, WA
  • Posts 71
  • Votes 18

@Chris Guthrie - It was nice to meet you at the BP meetup last month!  Glad you'll be making a more visible appearance on here.  :)

Post: Tukwila / SeaTac WA areas

Account ClosedPosted
  • Kirkland, WA
  • Posts 71
  • Votes 18

@Henry Y.  Thank you so much!  I thought I saw a couple I could get fairly cheap, but would have to put $ into them.  The house right next door, and next door to it, were very cute.

Post: "Cash for your House" News Story Running tonight at 6pm on WSMV Nashville

Account ClosedPosted
  • Kirkland, WA
  • Posts 71
  • Votes 18

I can't get it to load.  You're probably right about it not staying on there long!

Post: Tukwila / SeaTac WA areas

Account ClosedPosted
  • Kirkland, WA
  • Posts 71
  • Votes 18

Did a bit of driving in Tukwila and SeaTac areas.  Tons...TONS...of beat-down, boarded up, wondering-if-they-are-to-be-demolished houses.  

Are there any buy and hold landlords in those areas who might be able to give me some insight as to that market?  It's nowhere I would want to live, but some of the houses next door to those wrecks are pretty cute.  Wondering if it's up and coming?  Are there too many problems with illegal activity to make it worth the effort?  Thought I'd ask around a bit.  Would appreciate your input.   Thank you!