All Forum Posts by: Adrian Chu

Hello Katerina, I am a developer in the Seattle area. My areas of focus are Seattle, Bellevue and Kirkland, but happy to connect about Renton as well.

 That link explains everything.  Other cities in the Seattle area are more flexible. For example, Seattle allows each dwelling unit to have 8 unrelated people live in it, and even more if there are ADUs on the property.

I would explore all options for the owner-occupied business loan. Check with a commercial mortgage broker for all the options beyond SBA.

It is better to move each year and take advantage of 5% down primary residence loans. That's the fastest way to scale. Building a dadu and selling it is profitable but the cash on cash return and opportunity cost on missing out another purchase is significant. You will also need equity to get a loan for construction. If I could go back in time, I would focus on getting 10 properties first. And then think about building.

Get something that can get some income now while awaiting future development potential for long term wealth.

I would recommend looking on hotpads.com (it's part of Zillow and it syncs listings from Zillow and Trulia).

Hi Ken. My clients from California have had incredible success with new and newer construction townhomes in City of Seattle. 

Granted, prices have gone up in the past few months, most 2 bedrooms in class A locations are fetching $3300-3500 per month. Purchase price in the high 6s to low/mid 7s.

Almost every single tenant we have encountered is a software engineer. 

Let's connect. 

Best of luck.

What are some of your goals from investing in real estate?

Yes, we can help.   My firm manages properties we own and for clients as well.