All Forum Posts by: Sherief Elbassuoni

@Pranav Chunduru, a lot of nice neighborhoods have old homes. And many of new constructions are on the outskirts of cities. We can typically maximize older homes by finishing basement and converting it to an ADU, and build DADU in backyard if City, home layout and style allow that

@Colin L., yes, sent you a message. thx!

@James Quigley,

You can either contact a loan broker and he can compare different products for you, or contact some leners like firttech and go with them.

you will need to compare the rates, and what is the loan to Value they offer.

For primary, some lenders do 90%LTV, and others do 80% LTV

For rentals, between 70-80% LTV is what I typically see!

@Colin L., sounds good, I will contact you!

@Peter Matthews, I do flips, and big renovation projects.

Feel free to reach out for any rehab estimates!

@Terima Nagatani, you are correct. The local market here is a mix between appreciation and cash flow. You can get cash flow here with STR, rent by the room, .....

But standard one family in one house, will rarely cash flow in our local market

@Ruby Lee, it depneds on your goals. You are correct, Kirkland and surrounding East cities tend to appreciate a lot, but cash flow might be tighter because purchase price and mortgage are pretty high.

Your options are either pretty big house (5+ rooms or so), or a split level house where you can rent to two separate families!

@Adah N., I use both Airbnb & Furnished FInder. I get more leads from Airbnb, though!!

@Debasmit Banerjee, feel free to reach out and I can connect you with my insurance agent!

@Alina Reed, reach out and I will connect you with my CPA> He is local and good.

Thanks!