All Forum Posts by: Sophia Maler

@Account Closed, is the law different in Everett? I see some really nice condos for sale there although they sell like hot cakes. I wonder what type of renters such units would attract... can you choose who you rent it to at Everett? 

@Christian Wathne, I don't really have preferences in the city yet. I will do what makes economic sense... The idea is to get the foot in the door while there is still inventory :) 

@Tim M. I don't own anything in Seattle yet, and with the current landlord rules I hope to find a place to turn into a short-term rental. I'm thinking with this new regulation some investors might be interested in selling their short term rentals as turn-key? 

So, the short term rental has to be a part of another unit? This will greatly shrink the number of short-terms rentals in general... I'm planning to move to Seattle in a year or two; wanted to buy something now and rent it out until I move. Bad idea? 

I see a lot of airbnb rentals in Seattle downtown. How hard is to do that? 

I'm thinking about buying and holding in Seattle (or vicinity) because I will be traveling there often and it will be easier for me to keep an eye on the rental. But I heard Seattle is not landlord-friendly market... Appreciate any insights! 

@Bill F., thank you for the insights. The problem is the rent here is not really going up anymore. It is a renter's market. 

I'm mulling over a deal in CA (SF Bay area). 

Here is the output of the BP calculator: 

Since I'm new to investment, I don't understand if this is an OK deal. 

@Sam Shueh What do you mean by "never mind 1031 if you are buying up"? 

My tax will not be significant, so I'm not even sure 1031 makes sense. I didn't do my homework on this yet to decide if I should keep the current rental or not.