Right way to buy foreclosures – Class Notes for April 17
I’m a bit behind on getting class notes out from this past Tuesday’s class. We had a great class and, as is often the case, learned quite a bit from the students, while teaching. This week, among our students was a Snohomish county building code enforcement officer, who was able to answer many questions from […]
Have you ever considered purchasing a marina?
I was just reading an article in the latest CCIM magazine about investing in Marina properties. It caught my attention because I happen to notice a few marina’s for sale. In fact, there are quite a few in Washington state. Here are a few: http://search.tellusre.com/idx/12777/results.php?stp=listingID&listingID=490031%2C+504438%2C+498547%2C+490146%2C+498117%2C+489722&start=0&per=10 The article provides a good due diligence checklist if you are […]
Washington foreclosure stats for March and April 2012
Here is a quick preview of some information from tomorrows “Right way to buy foreclosures” class. Local stats are just some of the great information we will share: States with the most foreclosures: Where does Washington State fall? We are 35th, so not really anywhere near the highest. Foreclosure activity in Washington Check Realtytrac for […]
Short Sales 101 – In five minutes
I often find myself trying to quickly explain short sales to clients. I teach a 3 hour class on selling and buying short sales… it is not a subject that lends itself to quick explanations. But, here is the short version with some of the main points: Short sale definition A short sale is a […]
How to view properties from-out-of-state
Shopping for real estate from a distance can be a real challenge, for both the buyer and the agent. Internet listings don’t always provide an accurate picture of the property. Some agents manage to make the property look better than the reality. And, sadly enough, some agents manage to make it look worse. More importantly, […]
Real estate investment vs. real estate speculating
Webster’s defines investing as “laying out money or capital in an enterprise with the expectation of profit”. That broad definition applies, in real estate, to people purchasing rental properties, flipping houses, holding property in hopes of price appreciation, developing condos, and on and on. The IRS has its own view of real estate investing. Owning […]
Where are the for rent signs in the Seattle Central District?
I spent the day with an investor looking at single-family homes for sale in the Central District. As we were looking at what was for sale, we were also keeping our eyes open for “For Rent” signs, so she could call and check what was available and what other landlords were charging. Amazingly, we didn’t see […]
Day 1 at Tellus Real Estate Solutions – the web site
Hey! Our website is now up and running. With a new website comes a new blog (or at least a new home for the blog). The old blog is still alive at http://activerain.com/blogs/jasonhershey and I will continue to post their for a while, just to provide continuity. But activeRain is aimed at agents more than real people, and […]
Landlord 101 – Class slides and handouts
And, here are the slides for our Landlord 101 class, where we cover finding tenants and keeping tenants. Included in the handouts our sample lease forms and a great handout from our friends at LT Services, a great eviction service company. Here are the slides from the class. And, here are the handouts on my […]
More Class Handouts – Real Estate Investing 101
A couple of weeks ago we had another real estate class. This one covered the basics of real estate investing. Among the subjects covered were the various types of real estate investments and their pros and cons. We also covered preparing to enter the investment arena and the basics of real estate investment analysis. We […]