All Forum Posts by: Stephanie Dupuis

 Yup. I-90 is between Seattle and Boston. Not close to CA. At all. 

 Agreed ^^^^. Better deals are coming. 

Hard Pass. If it doesn't CF, it's a bad purchase. And...it's a purchase, not an investment.

I like to start with $5,000 in reserves and then I add to it monthly from the property's CF until I'm at $10,000-$15,000. Then I start using the extra CF for other investments. What I do. Interested in hearing what others do.

Every state has different laws with short sales and it's important to know your state laws as an investor. In WA state we have strict Distressed Property Laws and you don't want to be a position of defending yourself for taking advantage of a distressed property owner. I've found it helpful for both my clients and when buying short sales myself for investment to offer slightly below my goal purchase amount because the lien holder will likely come back and want to re-negotiate a higher price (almost every time). If your purchase price is very low, you will need to justify the price with a CMA/BPO or appraisal. Bottom line, know your numbers. Know what your MAO is and what the bank is likely to value the property at so you can prepare. I've found that I can get most banks to accept our price when I provide a CMA/BPO to justify the offer price. Sometimes, though, there are lien holders who simply need to get a few extra dollars from you. So be prepared for this and include it in your initial offer - include a buffer. If you really get tight when the final negotiations come, at a minimum increase your price by a few hundred dollars. Give them something after giving the lien holder a hard time. It'll drive the negotiators crazy but the lien holder does not want to put the property back on the market nor do they want to foreclose.

 I vote Der Blokken, too, Mike! 

Either Tuesday 12/1 or Wed. 12/2 works for me, also. I simply chose a date.

Excellent! How about Der Blooken in Bremerton or Silver City in Silverdale? Does Tuesday Dec. 1 work?  What's best, 6 pm or 7 pm? Or ??? 

Welcome to BP, @Matt Santos! I'm in the Bremerton area. Of course, working Kitsap county wide. I think we are overdue for a Kitsap BP meetup. Who's in?!? 

I also like the Navy renters in Bremerton. Bremerton is a solid area and I'm unapologetically enthusiastic about Bremerton. There is a strong community feel and many neighborhoods have strong neighborhood coalitions. I'm a board member on the Manette Neighborhood Coalition. There's also a Union Hill group and several others. I agree that Seattle will continue to get more congested. Commutes on the Seattle side will get longer and more tedious. We are already seeing Seattlites moving to DT Bremrton and Manette because the ferry commute is faster and better than their former commute from West Seattle to Pioneer Square. Bremrton properties are well built and the city is forward thinking enough. We have great momentum, a solid set of leaders and we are attracting younger families who are investing their time and heart into our Bremerton community. 

painters - Wayne Ross 360-731-3303