All Forum Posts by: Denny Hancock

Hello,

I'll be selling a rental property that I own in the next few months. Before that we plan to do some updates. My business partner and I disagree on the type of flooring. Hard wood is generally more expensive, but possibly valued buy prospective buyers. I'd appreciate any advice from experienced agents or flippers... especially from the Seattle or similar high priced markets.

Thanks!

Hello,

I'll be selling a rental property that I own in the next few months. Before that we plan to do some updates. My business partner and I disagree on the type of flooring. Hard wood is generally more expensive, but possibly valued buy prospective buyers. I'd appreciate any advice from experienced agents or flippers... especially from the Seattle or similar high priced markets.

Thanks!

Hello,

I'll be selling a rental property I've owned in the next few months. Before that we plan on doing some updates. My business partner and I disagree on the type of flooring. Hard wood is generally more expensive, but possibly valued buy prospective buyers. I'd appreciate any advise from experienced agents or flippers... especially from the Seattle or similar high priced markets.

Thanks!

Hello,

I'll be selling a rental property that I own in the next few months. Before that we plan to do some updates. My business partner and I disagree on the type of flooring. Hard wood is generally more expensive, but possibly valued buy prospective buyers. I'd appreciate any advice from experienced agents or flippers... especially from the Seattle or similar high priced markets.

Thanks!

Hey Jack, I'm considering the same thing (on a smaller scale) with my SFH rental in Kirkland. I think the key question to ask is how long this appreciation will keep up and what the market correction (assuming there will be one) might look like in this market or where you're looking. One strategy I've heard is to build equity in your growth phase and convert to cash flow properties when you're ready to retire / quit your day job etc.. I'm not sure how that might apply to you, but I think about that often when weighing my options. Good luck! ;)

Hello,

I'd appreciate others advice and opinions!

I've been carefully considering whether or not to invest in another rental property soon. I live in Bellevue, WA (Seattle area) and the market here has been crazy hot and growing the last 3 or so years. There's nothing that makes sense from a cash flow perspective nearby so i'm looking in other markets that I'm familiar with and connected to (Provo, UT and Dallas, TX). We purchased our first home (which is now a rental) near the top of the market in 2006, and i'm very concerned that the market may be nearing another temporary peak.

So the question is should I purchase a rental or continue saving for another market adjustment... thoughts?

Thank you! 

I've asked for both (non-refundable fee + pent rent). I was trying to discourage pets in general, but since I had so many applicants with pets I picked a number that would actually make renting to a responsible pet owner work to my benefit. The obvious risk with pet rent is that you're tenant could potentially not stick around long enough to generate enough extra income to cover damages.

I've used Insight Remodeling & Painting in the past. The owner Mike Hincy is a good guy. I'd recommend his company as a good choice for an affordable kitchen remodel.

Mike Hincy:

If you want to manage the project yourself HY Cabinets in Kirkland has good solid wood cabinets and plenty of granite and quartz countertop options that are super affordable!

HY Kitchen: http://hykitchen.com/