All Forum Posts by: David Truong

Welcome fellow Washingtonian! Keep us updated with how removing the tenants go and how the house looks. And your Ocean Shores development also.

@Kimberly Dawn  check out podcast 59. The guest on there invest on Whidbey. Maybe you can reach out to him for some advice.

The new Boeing 777X plane is being designed and built up there and is scheduled to enter service in 2020 with around 300 orders so far. That in itself will keep the growth of Everett and surrounding areas strong.

Welcome! Always nice to see locals on here.

This was my first thought after seeing your numbers. Since one is paid off in a few months I wouldn't bother with that one. The other car..maybe trade for a cheaper one. I'd first go to a mortgage broker and other banks though. Shop around, you may find some will qualify you.

That is interesting info. I had thought about moving some of my 401k into a self directed IRA to invest into real estate. I didn't know the investment had to be completely hands off. Good to know!

Often times it could be the tenant that is causing it such as not using the fan while showering etc. I'd ask them a lot of questions on what they are doing in the house to see if they are causing the problem. Ask them to run ceiling fans more often and dehumidifiers to help dry it out. You could also install stronger ceiling fans. If it seems serious though I'd get an inspection done.

Welcome fellow Seattleite! This is a great place to learn a ton of stuff for us newbies. 

Those neighborhoods are great places to invest, but are also very hard to get into cause of the prices and competition. If you can find good deals though you could profit well for fix and flips. 

Welcome Anil. Great to see Seattleites on here to learn and network with.

Nice deal/work! 

I see how your investments are paying for your car leases, but I have to agree with Jesse. Why not buy a used car outright? That's something you own and you could always sell it instead of something you are "renting." Depends really on the car, but I see car depreciation values being less than how much you'd spend on a lease.