All Forum Posts by: Matthew McKee

Ah, @Michael Smythies you're right, that was misleading. I was referring to potential legislation that would effect STR. Though I think with the high price point of the Seattle greater area it wouldn't be the best market for what @Sebastian Warg was looking for.

Hope that clears things up.

There are also many more ways to house hack than just buying a duplex.

Yes There are downpayment assistance programs and creative financing solutions but regardless you’ll have to pay closing costs too which could be $8-12k. Don’t let that sneak up on you.

Getting into something you can afford will always be better than saving because you're paying for someone else's mortgage and your money will be worth less in the future than it is now. A good lender can give you an estimate of what you'd really need to save for a FHA loan.

This won’t answer your question but I would definitely amend your lease to state the pets have to be licensed and vaxxed

There are so many great markets to get into! It’s hard to give advice without knowing what you’ll find fulfilling.

Some markets to consider avoiding due to unreasonable landlord laws:

Las Angeles

San Francisco 

New York

Maine

Portland

Seattle

This isn’t a comprehensive list and I’m sure others will quote and add to it!

Congrats on moving to the greatest country on earth! 

Awesome post! I totally agree with you! Love the content man! 

The twenty year average is 7.88% and the forty year average is 9.25% you got a deal and you always have the option to refinance if/when the rates go down but your rate will never go up(providing it’s a fixed rate).

hope this makes you feel better, at the end of the day it’s always about time in the market not timing the market, I’ve never had a client look back and say “I wish I didn’t buy back then”

It’s never about how much money you make or you have saved. It’s all about mindset, society trains us to be worker bees and the tax laws are written to promote an entrepreneurial spirit. A forum could be a good source of encouragement but there’s always going to be self rooted doubt. I’d suggest patience, respect and daily implementation of information from books and podcasts. Information is the best mitigation for fear.

There’s always the option of private money lending or finding a financial partner as well

Congratulations! Seems like everyone is being very responsive! I’d just like to add if you are comfortable with your comps give it another two-four weeks after the new photos are posted  before you consider a price drop.

Keep up the great work! You’re in the right place as a new agent!