All Forum Posts by: Ran Iarovich

There is more of a concentration of wealth in the middle of King County as you have probably noticed. The farther north or south that you go the less value that you get and the more affordable the land is. The reason land prices are so high in the middle of King County is because of their potential. If you can build a 3,000 sqft house in Bellevue and double your returns through appreciation in 3-5 years then the bet is well worth it. Adding on to this, liberal zoning laws in King County (such as HB111) have created an environment of insane potential for the savvy investor.

0 Votes

Seattle, Washington

What is your budget?

I would calculate and value the following:

High Cost:

- Kitchen Remodel

- ADU basement conversion

- Bathroom Remodel

- Attic bedroom conversion (if it's safe)

More affordable:

- Backyard and Frontyard Landscape

- Deck addition

- Update fixtures

- New carpets/floors

0 Votes

Seattle, Washington

Keep it up!

Smiling and dialing!

0 Votes

Over what timeline?

Anyone who bought and held a house 50 years ago is smiling. But then again, the hundreds of cycles in between then have brought a lot of tears.

2 Votes

Quote from @Theresa Harris:

If you are concerned call the non-emergency number at the local police station and ask about crime rates in the area. Drive by at different times of the day or spend time in the area at a coffee shop or park to get an idea of what it is like.

Often really cheap houses/areas are more problematic. When running numbers, they look great; but you don't factor in high turnover, more damage, etc.

True!

0 Votes

Indianapolis, Indiana

Should I make an LLC before investing in anything?

What strategies should I take if I wanted to make a syndicate? What are the first steps?

1 Vote

When you start:

1. Build a trusted real estate community and dream team before investing

2. Understand how micro and macroeconomic factors affect your area. What cycle are you in? How can you take advantage of it?

3. Invest in-state before out-of state

4. Buy something that cash flows at a minimum

Hope this helps!

2 Votes

What do you think this means for commercial property's in the area?

Thank you for the input.

2 Votes

Reno, Nevada

Quote from @Ricardo R.:

@Ran Iarovich that looks really good. Would you be able to share which AI you used to do that?

@Ricardo R. you can try it out here - https://www.virtualstagingai.app/?utm_source=google&utm_...

1 Vote

Yesterday, I was playing around with a few real estate photos for my current condo listing.

I realized that you can save yourself thousands of dollars using AI tools that auto-stage the home for you.

Here's what I created in 2 minutes:

Before:

After:

It looks pretty realistic to me.

Thoughts?

2 Votes

All Forum Posts by: Ran Iarovich

Ran Iarovich has started 22 posts and replied 250 times.

Post: Can anyone share their thoughts on value of land in King County?

Post: Best Value-Add Strategies for SFR’s

Post: I have insane KPI's now

Post: Success Rate in Real Estate...Shockingly Low

Post: Investing in sketchy areas....

Post: Ask me questions on Real Estate Tax Strategy or Investing

Post: Help a New Investor make better choices.

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Post: Don't Use Stagers When You Can Use AI

Post: Don't Use Stagers When You Can Use AI