All Forum Posts by: Ray Lim

What is the incentive for an owner to sell off market? Especially right now where inventory is low and there is a lot of buyers out bidding each other? If the owner is aware of the current market conditions, isn't the owner more inclined to list the property on mls if they decide to sell? Especially in the current market, in a desirable location, I don't see a reason why an owner will accept a lower price than market price.

@ Bienes Raices
Only the latest incidence was taking out the trash at night. I don't usually take out the trash at night.

She basically complains about noise from opening, closing the door and walking. Basically people entering, leaving the premises. Are you going to suggest just don't open/close doors after quiet hours? What do you suggest when I come home late? From work? From bar? From clubbing? From dinner? From a friend's place?

Also the walls are thin. Apparently we both have our beds next to wall. So when I sleep I can hear her snoring. I can also faintly hear her talk. But I don't expect total silence from the other side of the wall like she does.

I live in a condo that I am regretting.

One of my neighbor bedroom window faces west, while my door faces north, and is about 25 to 30 ft away, but in front, from my door.

The situation I am having is the neighbor constantly complains about "noise" after quiet hours. The source of the noise is simply opening/closing the door and footsteps. The latest incidence was me taking out the trash at 12 am. The reason I feel she has a problem with noise is that She keeps her bedroom window open!

I was not very receptive to her complaint (I closed the door on her while she was yelling at me from her bedroom window). So I am expecting a noise complaint from her.

I emailed the property manager about the situation and he responded "what time where you taking out the trash" as if he was suggesting well you shouldn't be taking out the trash at 12 am thus her noise complaint would be valid... Taking out the trash does not make any more noise than leaving and coming back from the supermarket, checking my mail, or anything that requires leaving home for a period of time.

Please correct me if I'm wrong, but I honestly believe if she has a problem with noise she should first close her bedroom window! I was hoping the manager response was, "I agree she is being unreasonable. If she files a noise complaint, I will tell her the noise is reasonable and she should close her window."

If, for some ridiculous reason, I do receive a fine from the HOA for excessive noise I do not want to pay it. Will I be able to challenge it in court?

The people that live around me are ridiculous so I would not be surprised. I have another neighbor complain about having the bathroom fan on and used to punch the wall when there is noise in my bedroom... i.e. talking and opening/closing drawers near the wall.

What can I do to protect myself and prepare myself for a situation where I do have to defend myself against a fine?

I've been looking at the neighborhoods around me and I've been wondering where are all the jobs at? Are there any resources to help me find where big stable companies are with lots of employees.

In King country, WA the list I have gathered so far are:
Coke-Cola
Microsoft
Amazon
Boeing

The idea is for me to look at neighborhoods in proximity to these companies. Are there any other major sources of hiring?

Originally posted by Ray Sasser:

If your interested in that you should look at what assetts you bring to the table and exploit those as much as possible. For example in my case when I started, I had no money but a lot of construction experience, so naturally I became a rehabber .

Thanks for the advice. However, I do not have any experience in construction or anything in that matter. I am pretty young with barely any work experience. Thus what I can offer is only time. And after time... cash.

I am a new investor and need advice in choosing "where" to invest. Everything is composed of little steps and I think the first step I should make is determining how to pick "where" I want to start investing. In the future I would like to invest anywhere in the country, but because I am a novice, I would like to stick with local, driving distance (within 1 hour) areas.

I have just moved to Seattle and I am not familiar with the areas around Seattle. How should I start to look for locations to start investing?

Originally posted by Jimmy Hamilton:

If you don't have the stomach for risk, then choose a growing market with high employment and find a good deal there.

Okay that is some good advise. Would you use to check the demographics of an area for high employment and whether or not it's a growing market?

Originally posted by Jimmy Hamilton:

One reason not to invest in Las Vegas is that it is one of the most volatile and severely hit markets in the country.

I don't have a huge stomach for risk. But would now be, does the property value correlate with rents and vacancies? The things I would be concerned with after I buy is the rent rate and vacancies increasing.

Well I am looking to invest in the long term, buy and hold is my weapon of choice.

I just read in one thread that Las Vegas has had a population decrease. But in the long run, the population should start increasing again.

I can see why flippers would not want to touch the area. Makes sense.

I found out that the prices for properties in Las Vegas right now are really low. And I was wondering if people were picking them up. And if not, why are people not buying properties in Las Vegas? Is there anything I should know about Las Vegas?

A quick reality check would be great.