All Forum Posts by: Lindsey Andrews

Just a quick follow up on this. I have not been unduly impressed with BECU loan process but have not been so painful to need to move to another lender yet, at least for conventional loans. I hope their business banking is better. While doing research I got a good referral and found HomeStreet Bank. They do commercial/portfolio lending, perhaps I'll get to do business here down the road. Anyone have experience with them?

Daniel Odess and Ken Min Thank you for your input!

BP Seattle. What would you say is the best local bank? Does anyone have strong recommendations? Looking to develop a good relationship with a local lender but also want the convenance of good on-line banking tools and apps. Is there a bank that stands out as business friendly? Thinking perhaps BECU?? All I need is solid traditional financing tools, no hard money but would like investor friendly. Thanks!!

Question still stands. What kind of metrics do investors typically set take profit targets?

Anthony, I've heard rehabbing in this market is getting very tight with people buying in at too high of prices. Are you experiencing something different in the Renton area? Is that where you're focused? Can you PM me?

I thought they proposed a loss of interest deduction would be offset by a larger standard deduction?? This would stand to help those most who have a paid off primary residence and incentivize homeowners to get out of personal debt. I don't see it making a big change unless you are more or less heavily leveraged on your primary than whatever average calculation they may use to increase the standard deduction. It could hurt or be a nice boost to those savers. Makes me think reducing personal debt is a good thing.

I was thinking of using a HELOC for short term money that I would convert into a traditional mortgage later, BRRRR model?? Or just fix and flip depending on the market or deal.

Question:  Do people generally scale in and out of the market, i.e. take profit, buy low, sale high sort of strategies or always buy and hold.  If you turn over properties and convert gains to cash how do you set your targets or calculate when an investment has run its course?  I don't see a way to scale down in a market without paying capital gains, is there a strategy for that? 

I converted a primary into a rental in 2013 in King county east of Seattle, has been very hot. Will be 4 years this summer so am past the 2yrs in last 5 point of not paying capital gains :-(. Market has been very hot and am considering liquidating to pay down debt on new primary residence.

Being debt free is on my personal side I think is important to wealth creation.  Getting liabilities paid off. 

I'm considering my CAP rate on my rental is getting very low due to hot market and even increasing rents doesn't seem to keep up. Seems like rents are not close to keeping up with appreciation. Do folks usually calculate a running CAP rate on what their assests are worth and scale in and out of the market? If so my cap rate on the rental is approaching the loan rate on the primary and am wondering if it is worth carrying the risk of having a rental when my cap rate is so low. I'm at <4% cap rate now and I think my rents are in line with the market, (perhaps a tad bit low for a super tenant). Wondering if I should lock in gains, pay off debt and wait for a more advantageous market.

Is there a philosophy with increasing cash flow and paying down debt while the market is a sellers market?

Thanks in advance for lending advice to a newbie.