All Forum Posts by: Ryan Lam

@Ryan Lam are you just looking for this to be and investment property or could you look at doing a house hack?  If you have the option to do a house hack, that could be a good way to buy an ugly property in a good area and force appreciation.  After two years you can claim your tax free gains and move to the next one.

You are trading the cash flow in the short term for growing the equity which could be far greater in a couple years.  This also gets you out of having to deal with the worst of the landlord tenant laws.  Obviously it's not for everyone but just a thought.

John

 @Ryan Lam, we get cash flow with creative ways like STR, rent by the room, split level homes that get rented to two families, .....

If you are just renting one house to one fmaily, it will not cash flow

The only way you can cashflow in Seattle is if you find some off-market opportunity to do so, a very convenient house-hacking scenario, or some heavy TLC. Median home prices are just shooting up while rents are not following. That is why we see a massive standstill in the market - low inventory and buyers refusing to get out of their investor holes. 

If you really want to find something:

1) I would recommend that you go and try to speak with multiple agents and wholesalers to find off-market opportunities. Anything that you'll find on the market will just lead you astray. 

or

2) Wait until interest rates drop. I don't have a crystal ball but this will probably happen during the next presidential election in 2024.

Hope this helps,

Ran