All Forum Posts by: James Miller

@William Fifield

Welcome. I’m a house hacker in snohomish. One of my buddies just bought a foreclosure with hard money in Arlington.

Originally posted by @Dolly Caswell:

Some very interesting insight into the state of Washington economic scene . Is there anyone out there that knows specifically about values on Whidbey Island in Washington? I have a single-family lot just outside of Coupeville in BonAir. (Not waterfront, but a corner lot). Has public water in the street and I forget what the sewer situation is. I've owned it for prox 10 years. Should I continue to hold or sell it? Don't really need the money and would prefer to do a 1031 exchange. Ideas are welcome I live in Alaska so have no clue about the reality of what's happening with values.

 The base is expanding and the rental market has gone insane.  I would hold on a couple more years, the navy hasn't finished moving all the sailors in yet.  I have a duplex in oak harbor and I'm enjoying insane cash flow.   I heard recently that there were very few homes for sale from deception pass bridge to coupville.  

Tread carefully and be certain to use an attorney.  Dod Frank act is what you need to be concerned with with making sure you meet all the requirements of not falling inside the Dod Frank act.  I would think you as the seller set all the terms.  

Pretty good, meet some awesome people.  Still not sure if its going to be a good fit for me yet.  Most of the classes are in seattle and it will be REAL tough for me to make it there before they start.  

month to month lease.  

Also check out the reia went to my first meet and greet tonight.  

Maple valley also has some epic mountain biking if your into that kind of a thing.  

I think whidbey will be over priced soon.  The rent market has almost doubled already and they navy doesn't even have the bulk of the new sailors there yet.  

Yeah I've talked to a couple management companies I'm looking more on cams no for a few reasons. 1. If everything went wrong I could live there and commute to work still. 2. I need some where to park my fishing boat. 3. No HIGH cost ferry. Please keep us posted on your progress. Are you sticking strictly with vrbo. An idea I had for the off season up there was to run an ad in the nas Whidbey island paper offering discounted rates to military. One thing you didn't mention was proximity to the ferry. Hughe plus of its with in walking distance then you don't have to deal with auto rates or lines.

So jealous my wife and I love Friday harbor. My wife and have considered getting one of the vrbo legal condos up there but we fear the distance, we're in Everett, would make it extremely difficult to manage. I would definitely go with the first option. Cash and cash flow are King.