All Forum Posts by: Harrison Liu

it's not clear if you can do airbnb on a rental unit. you are allowed to have primary unit and an additional unit to rent out as airbnb. Question is, Is the additional unit part of the the primary unit or it can be a completely separate unit? Anybody knows the answer to this?

there are not many tech jobs in Everett are there? in that sub market Boeing is the only major employer, as Boeing goes, so goes Everett.

Hi Raheem, sorry to be brutally honest. Forget about real estate, your immediate goal should be find a job and then move out of your Mom's place. Real estate requires a lot of capital to start. to accumulate funds you need to work hard and live frugal. once you have your life in order, you can start thinking about invest in real estate.

it's no brainer. dt beats bothell in both appreciation and rent. but cap rate will be much lower.

I think a lot of people living in expensive markets on the west coast invest in OOS not by choice, but by necessity and that could be dangerous. the biggest problem I see with out of state is lack of control of the situation if the issues ever come up. You are 100% relying on other people to handle the situation and rely on the facts that provided by other people and they could be "alternative facts" lol. if you happen to invest in an appreciating market then the market will forgive you the errors you make, real estate is a very forgiving business. but on the other hand, if you are wrong, you will be stuck with it for years to come and becomes a drag to hinder your life style in the coast. I know people who invested in TK back in 2012 in the low priced market and they are doing OK. but it was 2012, you pretty much could do no wrong with any market. Now it is completely different and I think it applies to most of the market as well.

this will be very challenging, I'd search for an agent who has successful track record working with investors and go from there.

if you want to house hack or buy duplexes, there are deals on MLS in Renton highlands. one of them is definitely over priced, the other two though can cash flow after some upgrades.

it's better to have no deal than a bad deal. you will be better off to get 1 door for $85k in a thriving area than 3 doors in a declining area.

I like the idea of raising 50% gap now and then another 50% later. My question is when you raise the first 50%, do you sign a month to month lease or a year lease? I can see pros and cons in either approach

there is indeed a lot of competition in that sub market. in that case, normally the lowest rent with best quality wins out the quickest.