There has been increasing demand for rental housing due to multiple factors discussed elsewhere in my blog, including high home ownership costs, demographic shifts, lifestyle preferences, burdens of student and consumer debt. Supply has not kept up with this demand, especially in the area of affordable housing due to the increasingly high costs of construction (labor and materials), permitting, and land acquisition. However, income levels for […]
If you live in the north Seattle area and would like to learn about the nuances of commercial real estate investing, come join us at the Real Estate Association of Puget Sound meeting in Bellingham. I will be guest speaker, covering multiple commercial asset classes, pros and cons of each, and how to approach investing in each of them.
RSVP at this REAPS web site link.
Seth Ferguson, host of the Purchase To Profits show, interviewed me about my journey to becoming a full time real estate investor. We covered reasons behind it, top lessons learned along the way, and how to approach this for personal life and business life. It was a fun and interactive show, with hopefully some good nuggets to share with you. You can listen to the show at […]
Only In Seattle show’s Featured Guest discussing Recession-proofing Your Real Estate Investments and more
Thank you to Sean Reynolds and the Summit Properties NW team for featuring me on their latest “Only In Seattle” show. We covered how to recession-proof your investments, market conditions, how to get into larger scale commercial real estate investing, and more.
There is a lot of talk about Opportunity Zones. Frankly, it is mostly more talk than action now, though that is changing. Real estate investors had not been provided much specific guidance from the IRS on what they can do with Opportunity Zones and how the near + long term mechanics of them work. There is enough info out there now, though still a few open questions. Some investors are […]
I will be one of the speakers at our Whidbey Island Real Estate Investors group, teaching about Opportunity Zones. I’ll cover how and why they got started, how investors can profit from them, and where are the local opportunities for this new tax deferral and tax elimination strategy.
This is an opportunity for you as an individual investor if you have capital gains you would like to deploy in certain locations. […]
This was one of my funnest podcast interviews yet. The Go Big show just released the episode where they interviewed me on a wide ranging number of topics, including living with intention, reasons behind real estate investing, how my wife and I work together in our business, and pointers on building recurring passive income and increasing your net worth. It is a recommended listen […]
Bonvolo is happy to be a corporate sponsor for the Whidbey Camano Land Trust. WCLT is a terrific organization that is extremely effective at magnifying contributions to preserve forest, shoreline, habitat, and agricultural land on Whidbey and Camano Islands. I/Scott was previously a member of their Board of Directors, am a long time general member, and have even put a Conservation Easement on one of my […]
In addition to all of the demographic and societal trends I have previously discussed regarding the demand and appeal of owning rental properties, here is another even more fundamental one: It is both much easier and cheaper to rent a home than to buy a home in the vast majority of all markets across the entire country.
Speaker at Whidbey Island RE Investors group on How To Increase Your Income and Net Worth via Multi-Family
I will be speaker at the Whidbey Island Real Estate Investors group on Thursday May 9 6:00pm in Coupeville. Focus of the presentation will be on specific techniques for increasing your monthly income and increasing your equity/net worth through multi-family investments that you either already own or plan to own in the future. The presentation will be interactive. There will also be additional speakers at the gathering on local market […]
Come join us Wednesday May 8 6:00pm at the upcoming Real Estate Association of Puget Sound (REAPS) Commercial Meals N Deals group meeting in Bellevue. I will be teaching about multiple commercial property asset types, providing a format of comparing, contrasting, and investment considerations for each. The meeting will be interactive, plus include local updates and networking.
For additional information, directions, and to RSVP, click here.
An interesting thing is going on with new or re-purposed rental homes and apartments across the vast majority of markets: They are getting progressively smaller and smaller. Not only are rents rising, yet on top of that the square footage obtained for median rent is significantly decreasing at the same time.
Importantly, this even takes into account price increases / inflation. Median rent represents the middle value of all rents on […]
I was honored to be the featured guest on the 7 Rules For Real Estate Investing show. We got down to business regarding use of systematic processes, how to invest in medical office properties, leveraging your personal transferable skills, and the most important principles for investing in real estate. We also jumped into some fun topics, such as how to teach your kid to be an entrepreneur, building a dream […]
I will be co-presenting on Creative Financing Techniques for Real Estate Investments for the Whidbey Island Real Estate Investors group. I will cover ways to get into real estate investing with access to more funds, lower down payments, and more flexible terms. We will discuss multiple types of financing options, ways to work with sellers, non-traditional ownership and equity arrangements, and more.
Come join us at the […]
Multi-Family Investments are Proving Strong for the Long Term, Even Maintaining Income Through a Recession
The demographic and lifestyle shifts currently underway across America are startling. Almost all indicators point to why multi-family investing provides some of the best risk-adjusted returns available.
It is counter-intuitive that more people are renting even though the US economy is in its longest up-cycle and still doing well in most sectors. That usually favors more people […]
If you are in the Seattle area and interested to learn the nuances, distinctions, and success strategies for investing in most types of commercial real estate, come join me at The Seattle Real Estate Investing Group on March 20, 2018 in Bellevue. I am their guest speaker, and will cover multi-family, office, retail, self-storage, and industrial properties, as well as how to navigate the world […]
Yardi Matrix released their December 2018 Multifamily National Report. As usual, it has some tasty morsels for real estate investors to snack on, including:
RENT GROWTH: National average rents have recently slowed down in terms of growth/appreciation. Year over year, they have increased 3.2%. However, that occurred earlier in the year and rent growth has been flat since the summer. Nonetheless, this can be at least partly attributed to normal […]
Attom Data Solutions compiled its 2019 Rental Affordability Report and determined that it is more affordable for people to rent than buy a home in 59% of US counties. This shows the pent-up demand for rental homes plus underlying reasons why:
- Home purchase prices have appreciated 6.7% annually recently while rents have increased 3.5%
- Home prices are increasing faster than wages in 80% of the markets
- However, rents are also […]
Hotpads.com just completed its estimate of how much United States renters paid for rent in 2018: $504,400,000,000. That is $12.6 billion more than 2017. Some interesting stats:
- New York City renters pay more than 10% of the entire country’s total rent ($55.6 billion)
- Seattle metro area rents totalled $9.8 billion and recently grew 4% annually
- Nationwide went appreciation was up 3 percent from a year ago
- The rate of annual […]
This was a fun one! Tamar Mar, Seattle area podcast host and real estate investor, interviewed me/Scott across a wide range of topics:
- How to set and achieve personal goals
- How to invest in secondary and tertiary markets for increased cash flow
- Distinctions between multi-family, office, retail, and other investment property types
- Using your transferable skills from other jobs and industries for real estate investing
- And more
Listen to the show […]