All Forum Posts by: Adrian Chu

In Seattle, you can apply to make the second unit into an ADU. You would likely need to bring everything up to code though.

I don't own properties there, but from what I understand: lower price to entry, higher cap rates, less sophisticated investor ecosystem (this could be good or bad).

One thing to note, mailing addresses will always show the name of a city, like Seattle or Tacoma, but the property is actually outside of city limits, which puts it in the unincorporated King or Pierce County jurisdictions. Note city codes do NOT apply in those areas, so do these ADU rules.

 Yes, but home prices in Seattle are a fraction of what they are in the Bay Area, so the market here would be more resilient.  I do note that some small to midsize tech startups are starting to lay off employees.  The big companies here are all focused on cloud offerings, which has only gotten more demand with the newly emerging WFH culture.  This will stay. Companies will realize employees can perform while working from home and they will choose to cut back on office space and rely more on cloud-based techs.

Everyone is taking a platform to try to further their business. Buzzfeed and socialist politicians try to appeal to rent strikers.  Plaintiff law firms are providing letter templates for tenants to use to threaten landlords.

Many lenders have stopped lending. What loan to cost are you looking for?

But don't forget, there are rainy days here. ;) 

Get a townhouse or a house where you can live in one room and rent out the other rooms.

 What areas have you been looking?