All Forum Posts by: Sachin Sharma

I am looking to invest in single family homes in WA. Any recommendations where there is still an opportunity for cash flows?

Open for any location in WA where getting tenants is not a problem. Given the hot market in WA currently, is it prudent to wait for a couple of months to see if that gives more options?

Do we get any tax benefits with fundrise? K1?

Thank you John, Thomas and Dave for the reply, and to answer Dave question , I am pre-qualified for loan without selling the home. So it is my choice I keep it as renting property or sell to take the equity and invest. Initially I thought to convert my loan to 30 years on current $200K and that will reduce my monthly mortgage and save on rent ($1K/month saving) , but I am thinking now to take the equity and either invest in new home to reduce my debt and interest or invest somewhere else.

I am trying to buy new house in Seattle about 1M ,and have current home that has around $200k loan left, monthly I pay around $2500 mortgage (2.5% interest rate, 10 years left on 15 years loan). Options: 1) Sell the current home around $680K , take $480K extra cash and add as down payment in new house so less debt and save interest on less loan for 30 years term. 2) rent the current home with break even of monthly mortgage and rent in an assumption that prices will keep rising and keep it and pay off the loan in next 10 years. What you pro suggest? Renting a property definitely comes with some overhead of unknowns but has pros/cons in above options so looking for suggestions.

Prices are sky rocketing with interest rates for Seattle/Bellevue/Bothell etc ,is it still good time to buy or wait?