All Forum Posts by: Adrian Chu

I have sold my own homes to both cash and financed buyers - closing quickly is definitely a perk, especially if the price is above your expectations. 

Do you have any plans on how to re-invest the proceeds after you sell this home?

Thanks for sharing.  

I can help connect you with deals (both on and off market). What in particular are you looking for?

Within Seattle/Bellevue city limits, it's usually 4-5%.  In Snohomish County, 6-7% is common.  If you go to South King or Pierce County, you can find 7-9%.  Other counties, it's common to see 9%+.

The only time I have seen a 10% earnest money required is if you do a cash offer for certain bank owned properties.  Some aggressive private-party sellers will ask for something like that too. What are you looking for in particular?

 Higher cap rates generally result in more cash flow.  So if your priority is to generate cash flow and not as much on appreciation, go for the highest possible cap rate.

Sounds good. Thanks for organizing.  I plan to be there!

Great to hear, thanks for sharing!

Hi Sandy. I am a Seattle-based Broker.  I work primarily with buy-and-hold and fix-and-flip investors.

Where is your home located?  Sounds like your home is in a good location.  Build 1 high-end contemporary style home and sell it.  People pay a premium for those and you will get top dollar for it.

In some parts of Seattle, there are move-in ready homes where the value of the land exceeds the price of the move-in ready home, because of the potential profits from building one of those contemporary homes.

Totally agree. Rod, best of luck with your investing endeavors!