All Forum Posts by: Rosy Bruno

@Jeff Zimmerman I really like your outlook on the area. I tend to agree with where it's going and the hard part is figuring out how long it will actually take to see the changes and therefore the appreciation. I'll be looking to buy a small multi in the downtown area next year so hopefully there will be more real change by then :)

Roselin G. Great question! I have yet to begin looking at comps so I'm glad you brought up this point. I hope it goes well for you!! Best, Rosy

Andrew Johnson wow! Just wow, your detailed points were great tips and the last one about the concrete was fantastic. Another thing I've began taking into account are pest issues. Depending on the location, rodents, ants, and roaches can be a thing of the norm. I know growing up, regardless of how clean we kept the house, there were ants everywhere; while compared to Seattle, I've barely even realized those little things still exist.

Thank you all for your thoughts!! 

One thing i should have mentioned is that my husband is military and we lived in the house for 3 years before we moved on orders; we currently have owned it for 7 years . I've read about military exclusions but i haven't gotten the chance to speak to someone that has done it. Do any of you happen to know more about this?

Thanks again!!

Hi All,

So I have an accidental rental (we bought it as our home and decided to rent after moving) that we acquired before finding BP seven years later. After running the numbers through the calculator, we don't really cash flow on it. Before figuring this out, my husband and I decided to keep it for a few more years since the city is gentrifying the area and we have had some appreciation since the project started and they have yet to complete it. So I'm basically assuming the value will go up a bit more.

I am currently looking for another investment property here in Seattle but am low on funds (heche the thought of selling this one and 1031 exchange). But how should I go about evaluating whether the supposed appreciation will offset the current negative cash flow especially when taking into consideration the potential cash flow of a househack here (fyi - it's been difficult for me to find good cash flowing deals here and I need somewhere to live so it would have to be a house hack).

So I guess I'm more so asking what you would do to evaluate this particular situation. What numbers would you look at and why? I hope I have explained myself well but please feel free to ask for clarifications.

Thank you so much!!!

Rosy

Say what?!?! This sounds awesome!!! thanks for organizing this! I'm upset I can't make it but I'll be sure to tell those I know though. :)

Rosy

Thanks @Darryl Putnam! Any help, at any point, is welcome! :)

Hi @Eli Kallison I tried sending the following message in me colleague request but for some reason it wouldn't send :/ anywho...

I wanted to ask if you were able to figure out more about the structuring of a partnership. I'm pretty much in the same boat as you (looking for a partner to help with financing) but I am still trying to figure out how to structure the partnership and ROI's. I don't want to just go up to someone, ask if they want to partner up, and not have anything in mind as to what I mean by that, you know?

Has anyone suggested ways to set up a "business/operations agreement"?

Thanks in advance for any help!

Rosy

@Meagan Fernandez thank you for your referral! I'll be sure to check it out too :D

Hi @Franklin Romine, I want to add them into my analysis so that I can have a better picture of where these rentals may go. And it's one of the suggested inputs for the rental calculator. Do you not use these numbers?