All Forum Posts by: Sherief Elbassuoni
Sherief Elbassuoni has started 15 posts and replied 851 times.
Post: WA state month to month tenants, closing on FHA duplex

- Realtor
- Bellevue, WA
- Posts 882
- Votes 1,968
@Marie O'Brien, RHAWA has a nice summary
Post: Advice on Utilities Bill Dispute with Tenant

- Realtor
- Bellevue, WA
- Posts 882
- Votes 1,968
@Christina Greaves, if you have good documentation that you sent tenant instructions for how to set up electricity account, and paying utilities is the tenant's responsibility in the contract (not included in the monthly rent), you can request a reimbursement from tenant
Post: Primary condo unit with AirBnb (House Hack)

- Realtor
- Bellevue, WA
- Posts 882
- Votes 1,968
@Haley Jang, you listed the main expenses. Add supplies, utilities, .. and some Misc.
You may need to get AIrbnb business license based on how you operate the business
Post: Sub to style investing

- Realtor
- Bellevue, WA
- Posts 882
- Votes 1,968
@Anthony Phillips, there are some owner finance or sub2 deals out there.
Most sellers want to be cashed out at closing, so deals are not as many as conventional finance deals.
Reach out with any questions you may have!
Post: Utility company asking to remove 18 trees on my property

- Realtor
- Bellevue, WA
- Posts 882
- Votes 1,968
@Ryan Judah, that is interesting. Most of the times they just trim it.
They typically cut trees if they are planning to construct something (Right of way for a roadway or a High-power elctric lines)
I would recommend you to clarify why they want to cut trees and for sure contact an attorney
Post: Advise for Land I own

- Realtor
- Bellevue, WA
- Posts 882
- Votes 1,968
Quote from @Julie Nealey:
Quote from @Sherief Elbassuoni:
@Julie Nealey, having at at high density will open a lot of doors and opportunities for you.
Some of my clients team up with a developer from beginning to end, and some others prepare plans and permits, then sell permitted lot for way higher than without permits
Yes, I have a meeting with the city tomorrow to discuss timelines and I believe that will more than likely dictate how I proceed. I am bringing my real estate agent with me to the meeting so we are all on the same page.
Silly question, when you say "sell permitted lot" to a developer, are you saying full site plan entitlements? Or ????
At least initial approval for how many lots/buildings.
We do not want to take approvals too far since some developers want to do tweaks in the interior design based on what worked and didnot work with them in the past
Post: Advise for Land I own

- Realtor
- Bellevue, WA
- Posts 882
- Votes 1,968
@Julie Nealey, having at at high density will open a lot of doors and opportunities for you.
Some of my clients team up with a developer from beginning to end, and some others prepare plans and permits, then sell permitted lot for way higher than without permits
Post: I am 22 Years Old and am Committed to Investing in my First Property

- Realtor
- Bellevue, WA
- Posts 882
- Votes 1,968
You are on the right track. Keep reading, listening to podcasts, and saving.
Connect and meet with investors here in your local market.
Our local market is providing good combination of appreciation and cash flow if we are creative when we buy (Rent by room, airbnb, rent by room,....)
You will need a pre-approval letter to know your purchase power
Post: Critique our Buying & Investment Strategy - Seattle, WA

- Realtor
- Bellevue, WA
- Posts 882
- Votes 1,968
@Travis C., sure one option is to keep saving for the 20% down, that said, vast majority of investors are not doing that since opportunity cost may be high, especially if a deal showed up in the next few months. Putting minimal money down isone of the beauties of real estate investing
Post: New Member from Seattle, WA!

- Realtor
- Bellevue, WA
- Posts 882
- Votes 1,968
You are correct Andres, our local market here is expensive. For sure appreciation, and if we are creative (Airbnb, split level homes, rent by the room, ....) we can also get very good cash flow.