All Forum Posts by: Adrian Chu

I agree with the majority of the folks on this thread. I'm a fan of pricing just below market rate. Recent conversation with my friend: 

Friend: I squeezed out an extra $20 per month above market rate! That's an extra $240 per year in my pocket! 

Me: Great! 

Friend: I had 10 days of vacancy though. 

Me: What? How much is your rent? 

Friend: $1,000

Me: That's $33 per day, or $330! I wonder if you had priced at or just barely below market rate you'd have rented that unit quicker and had a bigger pool of applicants to chose from. Plus your competition has better pricing which could increase the likelihood they will move out sooner. 

Friend: Oh ****. You're right. 

Hello, fellow investors!

My name is Lian Chavda. I am a male at 26 years of age. Currently, my profession is in the medical field as I am a medical assistant for a well known Sports Medicine Clinic. The work I do is great. I help people daily and am counted on for my attention to patient care. Although this career path has great benefits, I dont see my self being able to enjoy nice long vacations, buying a big beautiful home, or repaying my parents for everything that they have done for me growing up.

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Typical market cycles are 9-12 years long.  Probability says we are reaching a peak in the market... surely we have reached the midway point... this is why places are not cashflowing.  Now in Seattle specifically with the influx of Amazon we should see this uptrend continue but for how long.

In Seattle I am seeing sellers listing at 0.5% rent to value ratio (3000 monthly rent on a 600k MFH/SFH. This will not cashflow unless your are using a non-prudent amount of downpayment.