Some Important Real Estate Lessons Learned From My Trip to Seattle

I recently visited Seattle to learn from some great real estate minds. Keep reading to find out what we covered.

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A few weeks ago, I went to Seattle and met with a few different builders and real estate investors, which I do at least once a quarter so that I can hone my skills, gain more knowledge, and use that knowledge to serve my clients better. 

Today I want to take you on part of that journey to give you a quick glimpse at what these builders are doing and how they are capitalizing on their investments.

One investor took a home in the Beacon Hill area of Seattle, invested $130,000 into renovations, and then ended up keeping it as a rental property. You can hear more of his story in the video above. Essentially, he found a home in a great area, which equals great tenants and great rents.  

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Check out the video above to see some great footage from my trip.

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Whether you are interested in building a new home, buying a new home, or rehabbing a home and turning it into a rental property, we can help. If you have any questions for me about anything in the video above or anything else related to your real estate goals, don’t hesitate to give me a call or send me an email today.

Why You Shouldn't Always Close Paid-Off Accounts

Is it a good idea to close lines of credit once they’ve been paid off? Let’s take a look at the answer to this question today.

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Recently I was asked an interesting question: Should lines of credit be closed once they’re paid off?

In general, no. If you’re searching for a home, this is especially important. One of the main ways lenders will judge your status will be by looking at your credit ratio. 

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One of the main ways lenders will judge your status will be by looking at your credit ratio.

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For example, if you’ve got a debt of $2,500 on an account with a $5,000 credit limit, your ratio is 50%. Even if you were to pay this amount off, the $5,000 credit would still be recorded so long as the account remained open. This will make your ratio look better than if you were to close down the account. 

If you have any other questions or would like more information about this topic or about building wealth through real estate in general, feel free to give me a call or send me an email. I look forward to hearing from you soon.

We Can Help You Get Started in Real Estate Investing

Want to build wealth in real estate? Here are a few good tips to start.

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I wanted to talk to give you a quick tip. A lot of people have been reaching out to me regarding investment properties, buying a home, or doing an exchange on their current rental property. If you’re trying to accomplish any of these things, here are some solid tips:

1. Get with a trusted Realtor who knows what they’re doing. This will let you know that you’ll be well taken care of during the process.

2. Have a good lender on your side. When you combine a good lender with a great Realtor, you will be able to reach your goals.

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We don’t have an exact date for the workshop, but we will keep you updated.

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After you’ve done this, it’s time to set your goals and set a timeline to accomplish those goals in. 

At the end of April, we’ll be hosting a free workshop for all of you who want to learn more about building wealth through real estate. We don’t have an exact date yet, but we will keep you updated.

If you have any questions for me or you want to RSVP to the free workshop, don’t hesitate to give me a call or send me an email. I look forward to hearing from you soon.