competition- The force that drives us to be different and stand out!
I LOVE COMPETITION IT IS WHAT HAS MADE MY COMPANY WHAT IT IS TODAY! WITHOUT IT I WOULD DO LESS BUSINESS!!!
Also infowell the list you provided would you say it is in that order? I am really thinking about buying some in Seattle!
“It’s like New York with mullets.”
– I love that one!
Glad I could brighten your day, Dan!
Keith
“Also infowell the list you provided would you say it is in that order? I am really thinking about buying some in Seattle!”
reoconsultants-
Yes–the list I provided is in the CURRENT order of interest. I presently reside in the Pacific Northwest and that’s why I’m hot on the area.
King County (Seattle) is considered somewhat liberal, and as a result the building moritoriums have resulted in significant growth in Snohomish & North Pierce Counties (I prefer Snohomish).
Additionally, the lack of sufficient building in King County has driven prices up (high demand…low supply). Many areas in Snohomish have seen appreciation of roughly 10% in the past 12 months. I expect that to continue & probably pick up steam in the next couple years. It’s happening already–I’m hesitatant to comp homes with sales more than 3 months old, and new listings coming to market haven’t picked up significantly.
CNBC had a segment (believe it was yesterday…maybe the day before): About the job growth & Seattle & The Greater Puget Sound being an emerging market.
The Seattle Times May 13th (or 15th): Seattle (and the Greater Puget Sound) appears to be one of the most underpriced areas on the West Coast.
Boeing is hiring for the first time in a long time & Microsoft is as well. A lot of immigration is taking place w/many educated young people from other parts of the world moving here (in fact…this area purportedly has the most educated people per capita in the U.S.).
Arlington (North Snohomish County) is growing. They were considering NASCAR up there at one time, but that’s not going to happen. However, the area is growing with many new home projects currently underway & they’re expanding the Smokey Point Freeway (I-5) access in expectation of continued growth. Our last investment was in Arlington - Smokey Point Region & I estimate we already have roughly $25,000 in equity since we closed March 28th–$20 positive cash flow per month (is that bragging?..I can never tell).
There’s talk that Bremerton may now get the NASCAR Track. If so…I expect that area to see some appreciation, (good 2nd home opportunity for local investors). The Navy’s over there & one might be able to lease month to month for a positive cash flow & sell 9 months after the track’s approved.
Maricopsa County (Pheonix Region) has my attention as well. 14% appreciation over the past 12 months in many areas.
In general…there’s a lot of CA money sloshing over to other regions: Seattle, Pheonix, Vegas (explains the continued growth), Sacramento, Portland/Vancouver, Ashland/Medford.
We flew into Denver last month & spent 4 days there (fact finding mission). Foreclosures are up slightly, but I like the area & will continue to keep my eye on it.
Let me know if you’d like Demographic information about King, Snohomish or Pierce Counties. I’ll try emailing you the link (if that doesn’t work I can always fax it to you).
-Infowell
Competition is good, but too much is a pain. Not all my businesses are real estate related. Creating your own competition is stupid.
creating competition is not as bad as training your competition!!
That’s true.
“He’s from Jersey, Infowell…you’d be snide, rude, and abusive if you lived there – it’s the only way to survive if everyone else is, too!”
Well we are like that because of the out of staters who can’t drive. You guys stop at Traffic Circles because you don’t know how to navigate them, can’t understand that you have to be in the right lane to make a left turn (jughandles) and you think you have a right to do 80 in the left lane on the Turnpike, while their are cars on your bumper because they want to do 120. Sorry for the rant.
Ah Jersey…if you want to make a left turn in Jersey… uuhhh, youse need to go to Pennsylvania!
The state motto is “Are you talkin’ ta me??? I know you’re not talkin’ ta me like dat”!!!
LOL – just teasing Dan!
Well we are like that because of the out of staters who can’t drive.
Do you think Ill cause any problems up there when I bring my style of driving (keep to the left, overtake on the right)? Ill be the one having all the head-ons.
Also,
thanks for your list infowell.
It gave me some confirmation on 2 areas I am already looking at, ie; FL and TX.
I would be grateful for the demographics link to WA areas of interest too.
Let me know if you’d like Demographic information about King, Snohomish or Pierce Counties. I’ll try emailing you the link
Regards to all
M.T.
Fantastic forum, there`s so much I am able to pick up here.
If anyone`s interested in seeing how we do it down here>>
see>> www.somersoft.com.au
You’ll have no problem Mozi…they can’t freakin’ drive anyway…most of them drive on the left and pass on the right, too! Try Maryland if you REALLY want a thrill!
Keith
The appreciation here in Sac is at 26%. My girlfriend lives in Galt, California and purchased her house for 275K 1 year ago and the houses (new development) are now selling for $510,000.
In the Natomas Area, I helped two young adults purchased a dump 1 year ago and did some rennovations, new carpet, painting , new kitchen appliances and re-tiling the bathrooms, House costs $222K, I’m listing it for 415K.
Sacramento is where it is at… no bones about it.
If you have 100K to invest, you don’t want to put your eggs in one basket, you might want to purchase a multi-family unit 4 plex and hold for 1 year and resell, you probably would not need the whole 100K. Good Luck to You
“…and hold for 1 year and resell.”
Sell under a year to avoid Capital Gains.
Selling while holding the property less than 12 months is considered Earned Income & I believe it’s taxed @ 12% (I’ll have to double check).
-Infowell
Since we are talking about bad driving, don’t go to Eugene, Oregon!
I flew in there on business and wanted to kill myself. People were driving like 15 mph all over. Kind of funny to be barely moving on a road with 5 cars on it.
Removed
So money talks, what Real Estate Broker firm do you work for?
Cause the old BS meter is off the wall on your posts.
–The old saying goes, a fool and his money are soon parted.
North Texas is a good market for rehab. It is not too saturated. Plus foreclosure takeover seems easier. If you have any interest I would suggest checking it out. I might be able to answer questions about the area if you have any.
“Cause the old BS meter is off the wall on your posts.”
Consider having your meter adjusted!
Why do you continuously log onto an investors website & make acidic comments to the posters?
My brother has made $150k on his last deal & it’s only been 9 months (am I lying?).
Your consistant negative remarks towards investors are perplexing. Why not log onto a Babtist website & sing the praises of Islam?
Why not log onto the NRA website & argue gun control.
How bout arguing Abortion Rights on a Republican website, or how delicious meat is with PETA.
-Infowell
I am not welcomed here because I do not drink all mighty infowell’s kool-aid.
Do you come on this website so everyone can praise you on your success? Good for you, good for your brother, good for your clients, good for your cat, good for your dog… Did I miss anyone, cause I am sure you will be on here bragging in the next post…