All Forum Posts by: Ryan Xu

This deal doesn't sound right. First, the first 18 months equity you'll have will be around 5k. Secondly, plus the cash follow still not able to recover your upfront cost. In other words, unless it appreciates significantly which Westland that I'm familiar with likely will not, it's a bad deal.

If that's a friend you wanna help, introduce her program like home partner will be good enough

Thumb up for the article!

This is a very typical problem for wholesaling. I've seen this kind of issue before but you concluded it well as a good example. Glad you didn't lose the money after putting so much money, effort, and time.

Welcome to JBLM, if you need any assistance from a veteran realtor around here, contact me! (Not necessary to do business, I'm happy even just making new friends).

Oh, Denny, it's my bad to read it wrong. Now it makes more sense.

For that, I would say it's not mandatory to do real estate business with agents. But however, it is recommended especially unless you're experienced. If cost is a concern, try to use flat-fee agents at least you can get paperwork and process done correctly.

The key issue may occur when buying with cash without agent including paperwork, title/record, money handling.

In Washington, it's not necessary to buy with cash for off-market. But we have to record it in MLS.

I'm doubting if there is any difference since banks and other loaners only care if the mortgage is worth it or not instead of on MLS or not.

It all depends on your investment plan.

There is a time point you can calculate that these two choices cost the same. Buydown is trading initial cost for the interest rate.

If you're planning to hold/live in the property for longer after the point, buydown is the way to go. If you're planning to sell or trade before that point, then you should just keep the rate. 

In short, the inner-city has shown more inventory recently. Condo prices around Ballard, Crown Hill, Greenwood have slightly dropped. However, if your property is anywhere near U-district, it'll be less likely to face any depreciation.

Due to the recent concern of mob, 'defund the police' and homeless managing for Seattle city, the trend of moving to the eastside is obvious. If you have any chance, trade your property with properties in Kirkland/Bellevue/Redmond/Issaquah or even Sammamish would be wise.

Keep in mind that the election result may ease the tension in Seattle or worsen it. Things might change faster than you thought.

I came from Detroit, know how did it fall (since the '70s). It is sad to see Seattle's changing in a disappointing way. 

Macro, intrest rate, and real estate price are reversely related. 

Individually, a property's price sorely depends on the demand and inventory amount. 

In other words, a local project or population trend may affect a house's price more than interest rate change.

That's why we always say "location, location, location!"

Dig in the local projects, % will change in time.

I couldn't give you any advice on operating.

Just some business idea:
1. Loan should not be hard if the property's history can prove the vacancy rate was acceptable before. Or any other proof that can show the local demand for such property. A good local loan officer can help a lot.

2. A foreseen trend, COVID changed people's views about ALF/SNF more or less. Future demand is questionable. With increasing facility numbers and the age-demographic status, it might not be wise to invest such property in long term.

I do like the contents. Just wish the UI is less old fashion.