All Forum Posts by: Adrian Chu
Adrian Chu has started 76 posts and replied 1372 times.
Post: 22 Years Old - $1M+ Flipping Profit & $1M+ Equity in 2018
- Real Estate Broker
- Seattle, WA
- Posts 1,488
- Votes 425
Congrats on your successes!
Post: Detroit duplex brought back from the dead.
- Real Estate Broker
- Seattle, WA
- Posts 1,488
- Votes 425
Wow 4% rule. Good job!
Post: Wholesale in West Phoenix
- Real Estate Broker
- Seattle, WA
- Posts 1,488
- Votes 425
Great deal! Congrats!
Post: Buying a Mobile Home park in Maine
- Real Estate Broker
- Seattle, WA
- Posts 1,488
- Votes 425
Gross is over $20k, what about net? That's the important number.
Post: SFR TACOMA Rental That We Now Own and Live In
- Real Estate Broker
- Seattle, WA
- Posts 1,488
- Votes 425
Welcome to the WA :)
Post: BP Bellevue WA referral // tax/ LLC/ advisor
- Real Estate Broker
- Seattle, WA
- Posts 1,488
- Votes 425
Is your LLC pass-thru (uses your SSN) or does it have its own EIN? You can always just do your own taxes. Turbo Tax is a good software.
Post: Creating Wealth in ultra low CAP rate market
- Real Estate Broker
- Seattle, WA
- Posts 1,488
- Votes 425
Originally posted by @Jeremy Benezra:
"1. Understand the zoning codes upside down, forward, and backward. You need to know the zoning codes better than the city does. There is wealth hidden in the knowledge related to infill and zoning."
Man, the zoning codes are cumbersome. Each city has a different naming system for different zones - rural, MF, commercial...
What would you say is the best way to get a better understanding of zoning codes?
Totally agree. Everyone tries to learn Seattle land use code. You can try that. Or perhaps you can pick a different city, where there is less competition.
Post: Getting my RE license in Oregon - need a "Principal Broker"
- Real Estate Broker
- Seattle, WA
- Posts 1,488
- Votes 425
Interested to learn more. I am a Managing Broker in WA and am in the process of getting licensed in OR as well.
Post: [Need Advices] - Roofing Leak
- Real Estate Broker
- Seattle, WA
- Posts 1,488
- Votes 425
Yes, it is a common problem.
Get the issue fixed first. Make sure the tenant is happy.
Check out the roofing company's reviews. Do they take negative reviews seriously?
You can always hire a lawyer or try to claim thru small claims court as well, but it does not seem like it would be worth the hassle and cost.
Best of luck.
Post: Subdividing Double Lot King County
- Real Estate Broker
- Seattle, WA
- Posts 1,488
- Votes 425
Yes, we do this all the time. Depends on what jurisdiction your property is in. Is your property in Seattle city limits? Unincorporated King County? Or a different city?