I received the following response via email to yesterday’s question about purchasing rental properties. The sender gave me permission to publish it in full, and since it’s so full of great insights, I decided to do just that (with minor edits for readability). I bought a mid-50s vintage 5-plex in North Everett with water views…
Category: Features
Reader Question: Recommended Reading for Landlords?
I received the following question via email from a reader who wants to learn the ins and outs of rental properties. I am considering purchasing a few rental properties to generate income. I’m trying to weed through all of the books about buying and managing successful rental properties. Can you recommend one (or more?) for…
Pro Tip: LeakFrog to the Rescue
Sorry, no time for a substantive post today. Dealing with a leak a section of my home’s sewer line that runs right under the platform the previous home owner built to hold the water heater. Thankfully, when water started pouring out of a failed joint last night, the LeakFrog I had placed in that area…
Reader Question: Current Challenges for Sellers?
Reader Serafina asked a good question on yesterday’s post: There’s been a lot of discussion on the blog about the buyer’s side — how it might be good to wait until fall, how there are bidding wars, etc. What about the sellers? We are getting ready to sell. Why? We bought in ’99; we’ve got…
Local Incomes Could Afford 22% More Expensive Homes
Let’s take an updated look at home affordability in King County. First up, the affordability index. The affordability index is based on three factors: median single-family home price as reported by the NWMLS, 30-year monthly mortgage rates as reported by the Federal Reserve, and estimated median household income as reported by the Washington State Office…