Welcome to the Hardcore Husky Forums. Folks who are well-known in Cyberland and not that dumb.

PM to My Aberdeen Guysm

2

Comments

  • DerekJohnson
    DerekJohnson Administrator, Swaye's Wigwam Posts: 70,010 Founders Club
    YellowSnow said:

    Number1AtNumber2 said:

    I am also curious if as a seller you need to disclose that messy weirdo with the leopard print curtains who hasn't paid rent since Feb 1 2020? There was a good article about this in the Sunday paper that deserves it's own thread to raise the age old question of if you would want to own and manage rentals.


    Take brass balls much of the time to be in the landlord bidness. I haven't the stomach nor the patience.


    #MeToo
    · Share on FacebookShare on Twitter
  • pawz
    pawz Member, Moderator, Swaye's Wigwam Posts: 22,515 Founders Club
    Number1AtNumber2 said:

    Being close to the river might not just be about the rats. Is a prior flood claim a material fact?


    CONFIRMED.
    · Share on FacebookShare on Twitter
  • pawz
    pawz Member, Moderator, Swaye's Wigwam Posts: 22,515 Founders Club
    creepycoug said:



    Interestingly, there has been a known quantity of Seattle "investors" over the last several years who have bought Aberdeen properties for rental investment. I wonder what their experience has been.

    The host of the BiggerPockets podcast has in fact crushed the 'Deen real estate scene.

    I've posted about him before but am too lazy to go find it.

    BiggerPockets.com is nails for all things RE investing.
    · Share on FacebookShare on Twitter
  • Fishpo31
    Fishpo31 Member Posts: 2,676
    YellowSnow said:

    Number1AtNumber2 said:

    I am also curious if as a seller you need to disclose that messy weirdo with the leopard print curtains who hasn't paid rent since Feb 1 2020? There was a good article about this in the Sunday paper that deserves it's own thread to raise the age old question of if you would want to own and manage rentals.


    Take brass balls much of the time to be in the landlord bidness. I haven't the stomach nor the patience.


    I have been fortunate for the most part. I have had an uncanny (so far) ability to “read” people and potential situations. Have had to “flex” a couple of tims when I smell trouble, and they usually toe the line...the wife is “good cop”, I am not...
    · Share on FacebookShare on Twitter
  • DerekJohnson
    DerekJohnson Administrator, Swaye's Wigwam Posts: 70,010 Founders Club
    Fishpo31 said:

    YellowSnow said:

    Number1AtNumber2 said:

    I am also curious if as a seller you need to disclose that messy weirdo with the leopard print curtains who hasn't paid rent since Feb 1 2020? There was a good article about this in the Sunday paper that deserves it's own thread to raise the age old question of if you would want to own and manage rentals.


    Take brass balls much of the time to be in the landlord bidness. I haven't the stomach nor the patience.


    I have been fortunate for the most part. I have had an uncanny (so far) ability to “read” people and potential situations. Have had to “flex” a couple of tims when I smell trouble, and they usually toe the line...the wife is “good cop”, I am not...
    What would be your read on @PostGameOrangeSlices?
    · Share on FacebookShare on Twitter
  • Fishpo31
    Fishpo31 Member Posts: 2,676
    edited May 2021
    @DerekJohnson: I'd need to look him in the eye, and then I'd probably shift my wallet to the front pocket...
    · Share on FacebookShare on Twitter
  • Purple_Pills
    Purple_Pills Member Posts: 2,110
    pawz said:

    https://www.redfin.com/WA/Aberdeen/818-E-1st-St-98520/home/14785856

    What am I missing?

    Tri-plex generates $1525/mo in rents. Allegedly it is being rented for under-market rents.

    The payment on $200k is only $780/mo.

    Seems like a good location? Corner lot close to Market street and the river.

    I'm sure there is deferred maintenance coming due. But fuck, what's new for a home built pre-1900?


    What gives?



    @creepycoug


    What’s the tsunami insurance rate for that sucker? It’s a big reason the flat parts of Aberdeen- Hoquiam seem like bargains on the real estate market but never sell.
    · Share on FacebookShare on Twitter
  • Kaepsknee
    Kaepsknee Member Posts: 14,919
    Oregon just extended rent moratorium to Feb 2022. Anyone buying rental houses now is either Mother Teresa or a former Blockbuster executive.
    · Share on FacebookShare on Twitter
  • godawgst
    godawgst Member, Swaye's Wigwam Posts: 2,613 Swaye's Wigwam
    Kaepsknee said:

    Oregon just extended rent moratorium to Feb 2022. Anyone buying rental houses now is either Mother Teresa or a former Blockbuster executive.

    Have to give Kate Brown credit. In the Covid shutdown game, seeing her hang with Inslee was not surprising, being left of Newson from California takes some doing.

    She also came out yesterday and said if the state would get to 70% Vaccination Rate, she would rollback most of the phases.

    Every article I am reading says about 50% of the people have got the shot and we are stalling out there. Anyone who wanted a shot the last month could have gotten one with no issue or wait time.

    Getting to 70% is going to be almost impossible.

    Feb 2022 will almost be two full years for landlords to not get paid. #ouch

    · Share on FacebookShare on Twitter
  • BleachedAnusDawg
    BleachedAnusDawg Member Posts: 13,834 Standard Supporter
    And they have rent control in Oregon. It's a fool's errand to buy rentals in any way coast state. Go to Iowa or Nebraska or some place like that.
    · Share on FacebookShare on Twitter