All Forum Posts by: Harrison Liu

Good writing. Hats off to you and wish you the best of luck! Might want to slow down close to winter next year.

Not to lose money is always a challenge, especially when price is keep going up and up. 

I'd suggest going to a local meetup like the one Dima hosts every week. He has done a few developments like the one you want to do. You can have most of your questions answered.

@Graydon Manning

The two duplexes listed on MLS in renton highlands they are both cash flow for the listing price. Since my last post they are now all in pending status. Have I not owned two triplexes in the area already I would had made an offer on one of them. The location is great, the land has a lot of potential value that will appreciate when the gentrification is complete. The cash flow is fantastic because of close proximity to Bellevue. The rent has more than doubled since I owned them. The over supply of rentals are mostly in Seattle and because of low inventory of SFH, as long as job growth continues people will need a place to live and they will have to turn to rentals so I don't see that being a major concern especially if you are only 10 minutes away from Bellevue and 20 minutes away from Seattle. That being said, the area is still a C neighborhood so you will not get same type of tenants say in Bellevue and for that reason you can still get cash flow properties but I don't know how long it can last because the new constructions are selling in the upper 600s to lower 700s. This is type of the properties you want to hang on for a long time.

Hi Ted i have hold multifamily rentals through the great recession. I have properties in both class A and class C locations. Anyone tells you that down turn does not affect buy and hold investment is a lie. It generally takes longer and larger concessions to fill vacancies. When recession hits. People will still need a place to live but for younger people they will move back to live with their parents or find more roommates to share housing. So you have new people stop coming and existing renters leaving the market till they can afford housing on their own. With the record number of new multifamilies being built, the next down turn will be very painful for buy and hold investors especially in the high priced cities.

Is this lifestyle unlimited training? Do you know if they offer same training in Seattle? 

I have done 30 year cash out refi on all my investment properties.

This doe not make any sense. If cash has a 10% opportunity premium and you use that cash to buy a property and it has ROI of 10% then you just meet the premium. Using your example if you pay cash for a $100k property and it cash flows $1k per month then it's 12% roi. Why would you deduct $833 from the cash flow? How do you calculate "equity income"? Why is it $833? So you are saying the more equity you have the more you are losing equity income? If that is the case then the best way to not lose equity income is to have zero equity in a property right? But then it would be very difficult if not possible to make it cash flow wouldn't it?

Just go to redfin and search for multifamily in 98056. There are two listings.  They both can cash flow. I have a couple of triplex in the area. I know the area pretty well.

There are duplexes selling for $350k in renton highlands on mls as we speak. Take action!