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All Forum Posts by: Henry Y.

Henry Y. has started 10 posts and replied 36 times.

Post: Hiring a Managing Broker

Henry Y.Posted
  • Residential Real Estate Agent
  • Seattle, WA
  • Posts 45
  • Votes 2

Hi BP,

I am working with a partner to start a real-estate brokerage in Washington State in the greater Seattle areas, and plan to start our first office around the N. End (e.g. Shoreline, North Seattle), and would like to interview a few qualified brokers who want to be our managing broker.  If there is any interest, please send me a note.

Post: Real estate agent in Seattle Area

Henry Y.Posted
  • Residential Real Estate Agent
  • Seattle, WA
  • Posts 45
  • Votes 2

I have been investing primary in SFH in the Greater Seattle area. In today's market we can find 6% cap for Kent/Renton and better cap further away from Seattle. What kind of return can we get on Multi in today's market? We investor group typically has $250,000 per investor and does it make sense to pool them together to get into Multi? Thanks for the advice!

Post: House with a Swimming Pool

Henry Y.Posted
  • Residential Real Estate Agent
  • Seattle, WA
  • Posts 45
  • Votes 2

I agree with @Adrian Chu and @Alex Chin for the Seattle Market having a pool does not fit and it's better to fill it.

@Fred Heller and @John Thedford I was told by another investor filling the pool here with the size can cost me up to $5,000.

I walked out of the deal to avoid the troubles and there are many other things to fix as well that are non-pool related.

Thanks for the advices!

Post: Looking for flippers of higher-end and luxury properties

Henry Y.Posted
  • Residential Real Estate Agent
  • Seattle, WA
  • Posts 45
  • Votes 2

Hi Patrick,

I would be interested to evaluate these type of deals - would you please add me to your mailing list?

Henry

Post: House with a Swimming Pool

Henry Y.Posted
  • Residential Real Estate Agent
  • Seattle, WA
  • Posts 45
  • Votes 2

I have a house under contract with a in-ground swimming pool.  The pool is still working but looks dated.  My goal is to flip the property but I haven't dealt with one has a pool before and the number makes sense until I am told otherwise.  questions to house flippers - would you even consider flipping a house with a pool?  If the numbers are attractive, what would you do - filling it or "flip" a pool (maybe the patio walkways, bricks, and fencing around it?)  Being in Seattle, we have limited use of pool although the summer days are getting longer.  Also any cost number or contractor that works on pools if any?  Thanks BP!

Post: Ideas for generating Seller leads - Wholesaling

Henry Y.Posted
  • Residential Real Estate Agent
  • Seattle, WA
  • Posts 45
  • Votes 2

I am no expert in wholesaling but there have been plenty of people on BP that use direct marketing (i.e. Yellow Letters, postcards) and bandit signs. I did wholesale a house using zillow before.

I am a cash buyer and please add me to your buyer list. Good Luck!

Post: West Seattle Flip

Henry Y.Posted
  • Residential Real Estate Agent
  • Seattle, WA
  • Posts 45
  • Votes 2
Hi Ryland, It was good seeing you last week. Let me know I am interested in both JV or buy. - Henry

Post: 80% LTV Investor Loans

Henry Y.Posted
  • Residential Real Estate Agent
  • Seattle, WA
  • Posts 45
  • Votes 2

Could "investors loan" lend to LLC name or individuals only?

Post: 8 Unit Building in Burien, WA near Seattle

Henry Y.Posted
  • Residential Real Estate Agent
  • Seattle, WA
  • Posts 45
  • Votes 2
Hi thanks for sending. Do you have an address, asking price, and current rent roll? You can DM me at [email protected]. Thanks!

Post: HELOCs in Washington state

Henry Y.Posted
  • Residential Real Estate Agent
  • Seattle, WA
  • Posts 45
  • Votes 2

I used BECU and they used desktop eval also. I can't use them anymore because we put properties under LLC names. Recently, we used East West bank with only 50% LTV and they don't even look at your income/credit. Would be interested to know of any good ones out there.