All Forum Posts by: Account Closed

Edit: Working now I hope.

@Account Closed I think this is probably as good as one could find on MLS these days in the Seattle Market. But like @Aaron Montague mentioned, you do need to take into account vacancy, maintenance, capex. 

It's true that the house is new so there will be minimal maintenance and capex. It's also true that the rental market is hot so your vacancy will be low. But what about in 5, 10 years? It is something you need to consider as a buy and hold investor. 

I just responded to another post and mentioned "The Millionaire Real Estate Investor" by Keller. If you haven't read it, do! If you are willing to pay retail you can buy your entire city (if you have the funds). My question is: where is the profit. The really successful investors buy at discounts. Make your profit going into the deal. That is one of the mantras Keller preaches. You may want this house and be in love with it. Don't let emotions affect your judgement. If you can buy it right ...go for it. If not, find something that makes sense.  I just mentioned a VERY BAD deal one local investor got into. He let some big fancy house affect his judgement. All he saw was dollar signs. Now, he is going under FAST and might be forced to file bankruptcy. This was the result of lack of education, poor planning, and letting emotions guide him rather than using investor's common sense. Remember, buying a property may be easy. Getting rid of it may not.