Forget Stocks. Millenials want their money in cold, hard cash.

Here's an article from CNN-Money about Millenials— 18-29 year olds are a recession-scarred generation and have a risk aversion to investing money in stocks and real estate. They want it in cash—all cash—. Is that an investment?  It is accessible and usable for immediate needs. Is that enough? Economists hope that this generation will return to stocks and other investments, as they have the largest retirement burden and it does take some sacrifice. Read more….here.

Posted on July 25, 2014 at 10:50 pm
Leigh Harvey | Category: General Info, Investment Property, Market Activity, Mortgage information, Real Estate Properties, Tax information | Tagged , , , , , , , , , , , , ,

Do Remodeling Projects Pay?

Take a peek at this great information that can help inform your remodel projects and when to do them even–some you might not even suspect would be worth doing. Timing is also important. Why not have a plan to enjoy your remodel work before you have to sell and leave it all for someone else!? 

Do Remodeling Projects Pay?

 

 

Leigh Buchan Harvey

Managing Broker

Windermere/HKW,Inc.

lbharvey@windermere.com

206-730-1319

Posted on September 21, 2013 at 9:28 pm
Leigh Harvey | Category: Home Maintenance, Real Estate Properties | Tagged , , , , , , , , , ,

Improve Your Bottom Line

Buying Investment property is one of the ways to improve your bottom line regarding your personal wealth. Numerous Americans are taking advantage of this historic Buyers market, and building their future wealth.

My 4-plex in Edmonds, WA, sold this week with numerous multiple offers, as a case in point. Buyers are recongnizing that this product is good and has value!  You can take a look at it here.  It reminds me of how great an investment these rental properties are. The rental market is strong and is expected to continue for some time. With lending practices tightening up the criteria for home mortgages, not just everyone can get a mortgage as they did in the more recent past, also precipitating the economic downturn that we have experienced. So, more people are needing rentals.

Couple of articles related to this:

1)  CNN Now It’s a Great Time to Invest!

2)  Seattle Times: Rent vs Own

The important aspects about investment property is to buy in the right location–close to amenities, bus lines, hospitals, shops, etc, as various renters are without cars and rely on bus connections. Real estate is often–almost always about location, location, location. The Loan to Value–amount to purchase and the amount of downpayment. The rent you charge should at least cover the mortgage payment and more if possible.

Homes and multiplexes are at an all time low, so if you are sitting on the fence, this might be the time to consider taking the plunge.

 

Posted on April 9, 2012 at 10:23 pm
Leigh Harvey | Category: Investment Property | Tagged , , , , , , , , ,