The City of Tacoma has recently passed the Tacoma Tenant Protections Ordinance with adjustments that can have a huge impact on landlords and how they conduct their businesses moving forward. The City of Tacoma encountered public outcry after the Tiki apartment complex in Tacoma was sold to a developer in April. The apartment complex was known as an affordable rental [...]
Each month we highlight one of the most successful investors in our Investor Spotlight article. This week we talked to Leka Devatha about her investment property in Ballard, which was a huge success! Leka gave us a little insight on what the process of renovating was, and how she took the potential of the worn-down house [...]
Each month we highlight one of the most successful investments in our Investor Spotlight. This week we talked to Matt and Naoko Inomata who recently sold a property in Everett for a big return on their initial investment! ACQUISITION PRICE $196,00053% SALE PRICE $370,000100% MATT & NAOKO INOMATA This is the second successful investment property for [...]
We can all feel the sudden population influx in Seattle, but this population boom is extending into a state-wide trend. A recent study by Atlas Van Lines found that incoming migration patterns to Washington State are the second highest in the nation. Inbound moving traffic 62.5% Of Washington movers traffic in 2017 was incoming migration, second [...]
U.S. home prices are coming off the bottom faster than many expected. Market researcher CoreLogic says prices were up 4.6% in August from a year ago, the largest year-over-year gain in six years. The report parallels others showing recent strengthening in home prices, which are still down about 30% from their 2006 peak. Much of [...]
Buying a home is way cheaper than renting in all 100 of the nation's largest metropolitan areas, including Seattle, according to a new report. The average home ownership cost in the Seattle area is $978 a month, 42 percent lower than average rent, the real estate company Trulia reported. Nationwide, owning is 45 percent cheaper than renting. [...]
Foreclosures rose dramatically faster in the Seattle area than in the country as a whole in August, according to a new report. King County foreclosure filings in August were up 32.2 percent from July and 34.2 percent from August 2011, the foreclosure data firm RealtyTrac reported. The nationwide total rose just 0.8 percent from July and fell [...]
As the weather cools down and summer vacations and weekends away come to an end, we approach one of the best seasons for investing in real estate. Now more than ever, it’s the ideal time to start looking at cash flow properties. We find many of our investors looking primarily for properties to flip. While [...]
Warren Buffet says Buy Buy Buy! In February 2012, Warren Buffett was featured on CNBC live and asked what his opinion of the real estate market was. His response? “If I had a way of buying a couple hundred thousand single-family homes I would load up on them. It’s also interesting to note that Warren [...]
“Buyers are screaming for more inventory and they’re being more aggressive with presenting offers on homes,” reported MLS director George Moorhead in Bothell. “Home shoppers perceive the bottom is nearing, he noted, “and both buyers and sellers want to catch the historically low interest rates.” “Close to the job centers, 45 percent of new listings [...]
