All Forum Posts by: Jennifer W.

Kevin Moen Put down 20%. The home has gone up in value by about 28% over the past two years. It's at the edge of the Mt Baker neighborhood. My neighbors just sold their unit and it was purchased/rented out by an investment company. I want to sell, but I would hate to look back a few years from now and regret it. I feel like I'm seeing townhome prices go higher and higher each month in this area!

Kevin Moen bought it with a traditional loan. Still torn on the decision. It's in a great neighborhood and a few blocks from the light rail. Mortgage (with taxes,insurance) -$1,795 Could rent it for $2,395.

Clayton Mobley Thanks for the input! I haven't included the rental specific expenses in that extra $400-$500. The townhome was built in 2007 and shouldn't need anything major for awhile, but definitely a good thing to think about (especially for the long term). The tax situation is a great point. Would plan to keep the home more than 3 years, so taxes would definitely apply.

Aaron Nelson Good things to think about! I would hope the cash flow would stay neutral, but there wouldn't be a huge buffer unfortunately.

Rudy Manna Yes, would definitely be a long term situation if I did decide to hold on to it.

Greg Harriman Those are good things to think about - thank you! Not expecting any cash flow from the rent - would hope that the extra would cover a good portion of the expenses that would come up. This would definitely be a long term thing. I don't think it would be worth it the trouble for just a few years. Probably going to just sell. The location is the biggest thing holding me back. It's in a great neighborhood next the light rail.

Torn between selling or renting a townhome in Seattle. If I sell, would be about a 100k profit. Renting would bring $400-$500/month more than the mortgage (not including rental expenses). This home has been my primary residence, but I'm moving into a new home. Was pretty set on selling, but am torn on it now.

@Brandon L. Yes.

Hello!

Passed my exam about a month ago and am struggling with making the decision to be a full time agent or not. This will be a big career change for me.  I am excited about real estate and would love to be an agent, but am definitely a bit nervous!  I've selected a potential brokerage, but keep going back and forth on my decision.  Would love any opinions/advice!

Hello, 

Just looking for clarification/advice on finishing the licensing process after passing the exam.  Planning to hopefully work as an assistant for now (rather than an agent). Do I just choose a firm to hang my license?  Or should I hold off on sending my licensing application until I find the right position?  Just wondering what the normal next steps would be ?