All Forum Posts by: Adrian Chu
Adrian Chu has started 76 posts and replied 1372 times.
Post: What condos in Seattle allow airbnb?
- Real Estate Broker
- Seattle, WA
- Posts 1,488
- Votes 425
Elektra, Newmark Tower, Belltown Court, Wallingford45
Post: House hacking in Seattle
- Real Estate Broker
- Seattle, WA
- Posts 1,488
- Votes 425
Yup, find houses with lots of bedrooms. Happy to connect!
Post: Where to hang my WA license?
- Real Estate Broker
- Seattle, WA
- Posts 1,488
- Votes 425
I am with Horizon Real Estate in Green Lake.
Post: Need a survey crew - property corners, foundation corners
- Real Estate Broker
- Seattle, WA
- Posts 1,488
- Votes 425
Terrane
Post: Introduction - Hi from Charles
- Real Estate Broker
- Seattle, WA
- Posts 1,488
- Votes 425
Welcome to BP!
Post: Looking for HomeStyle Loan providers in Seattle
- Real Estate Broker
- Seattle, WA
- Posts 1,488
- Votes 425
Yes I can take care of you. I am with eLink Mortgage (NWMLS 385463). My NWMLS ID is 920749.
Regards,
Adrian
Post: Active Rental Property Groups/MeetUps?
- Real Estate Broker
- Seattle, WA
- Posts 1,488
- Votes 425
Yes, there are many active groups and meetups in Seattle. My favorite one is Real Estate at Work, find them on meetup.com.
Post: The 70% ARV Rule - Do You Follow?
- Real Estate Broker
- Seattle, WA
- Posts 1,488
- Votes 425
No, I've done stuff at 75-80% ARV if it's a quick and easy deal.
Post: Got a great deal but not enough capital to do it, now what?
- Real Estate Broker
- Seattle, WA
- Posts 1,488
- Votes 425
Originally posted by @Seth Rose:
The Seattle area is crazy expensive but ive been seeing a ton of people making money so I started getting into real estate education to see what I can figure out and have learned a lot from BP.
I went to a BiggerPockets event I found and I got a deal sent my way with a cash on cash return of 36% and a net profit of 106k with the performa sheet I was sent.
They included pictures and comps and looks like a great chance to make money but I have no clue where to find a partner or someone with money willing to capitalize on deals
Acquisition cost of 765k, 150k in rehab, then comps selling for 1.1-1.4m
Any advice on where to find investors or share deals is greatly appreciated
My opinion: 106k is too little profit on the proforma for a deal like this.
Hope to connect with you sometime in person.
Post: Got a great deal but not enough capital to do it, now what?
- Real Estate Broker
- Seattle, WA
- Posts 1,488
- Votes 425
Originally posted by @Seth Rose:
The Seattle area is crazy expensive but ive been seeing a ton of people making money so I started getting into real estate education to see what I can figure out and have learned a lot from BP.
I went to a BiggerPockets event I found and I got a deal sent my way with a cash on cash return of 36% and a net profit of 106k with the performa sheet I was sent.
They included pictures and comps and looks like a great chance to make money but I have no clue where to find a partner or someone with money willing to capitalize on deals
Acquisition cost of 765k, 150k in rehab, then comps selling for 1.1-1.4m
Any advice on where to find investors or share deals is greatly appreciated
Saw this email too. :)