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i turn REALTY into REALiTY

Do You Want to Flip a Home in Woodinville?

Cottage Lake

You’ve heard the naysayers. Prices are down, and you can’t make money in real estate any more.  WRONG!

CNNMoney ran an article recently about the opportunities some investors are finding in various parts of the country.  Real estate is local, and what happens in other parts of the country like Florida, may not be provide the same experience here in the Seattle WA area.  Fortunately for us in the Pacific Northwest, we appear to be recovering, if only slightly.

Cottage Lake Opportunity

Cottage Lake Flipper

You’ve heard the stories about the pristine car that grandma drove but was always garaged and has very low

miles on it?  How about the home that grandma lived in for 50 years? Unfortunately, it was neither updated nor maintained like that mythical car.  But, where there is work, there is opportunity.

This is one of the least expensive homes in the neighborhood and could have great potential once cleaned up. It isn’t lakefront property but it’s only a 5 minute walk to the lake (or 2 minutes if you make friends with your neighbors on the lake).  The kicker is that it backs to a large tract of open space that isn’t likely to be developed, and offers great views of nature.

Myths do Exist in REALiTY

Speaking of grandma’s car, my dad once picked up a pristine ’68 Mustang from a little old lady in San Francisco.  Her son owned the car before he died, and the car sat in the garage for a few years until she cleaned it out.

If you’d like to read the CNNMoney article, click HERE.  And if you’d like to see the inside of the home or make an offer on it, give me a call!  You’d better hurry though because I’m working with 2 investors already who may have an interest in it…

Fredericks Appliance Sale

Fredericks Appliance Center

Over the years, I’ve purchased many appliances for my homes and apartments. Fredericks Appliances has been my supplier because I trust the owner, Eric Blakemore, to stand behind the products that he sells.  I’ve mentioned his store and customer service in prior posts, and now I’m shamelessly promoting his upcoming sale at the end of this month. Click HERE to see the ad for his store.

The sale is on April 29, 30, May 1st.

Is It Time To Buy Again?

Sometimes I’m a bit slow on the draw.  Today is no exception.  Here is an article that was published in late March that I just came across.  It’s a long one, so get your coffee cup ready…

In a nutshell, it’s an interview with Mike Castleman, CEO of Metrostudy, a company that tracks real-time data on the country’s inventory of new homes.  You can read the article HERE.

I try to bring a balanced view of the housing market by providing a variety of articles, each with unique and different perspectives.  As always, feedback is welcome…

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Do You Pay Taxes?

Taxes

Today is the deadline for filing your 2010 income taxes. I read an article on CNN.com that I found interesting.  The title of the article is “45% don’t owe Income Tax“. As an American, I believe that we should be paying our fair share of taxes.  But (and you knew this was coming), I feel that government should be better at managing the money we pay.

Tax Myths

Below is a video from CNN that explains some of the tax myths that abound…

Do you think you are taxed too much?  Too little?  I’d love to hear your thoughts. Leave me a comment…

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I Dreamed a Dream

Susan Boyle

I attended a real estate class this past week and like many seminars, a good portion of the time was spent on motivational messages. I’ve helped clients buy and sell real estate for over 15 years, and in that time I’ve experienced my fair share of pep talks. Most of them seem superfluous to me.  I have always believed that motivation needs to come from within.

However, when the speaker played this youtube video, I was floored. Read the rest of this entry »

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Do You Remember Your First Home?

Our first homeI was speaking with a client yesterday about a home purchase and somehow the topic got around to their first home purchase.  They were positively gushing about how much they loved their home. They remembered every last detail about why they bought it.  Unfortunately, they’ve outgrown it and now are looking at moving up.

The conversation got me thinking about all of the homes I’ve lived in throughout the years. Interestingly enough, the home that stands out as most memorable to me is not the first home I purchased, but rather the first home my mom purchased as a struggling single parent back in the early 70’s.

Read the rest of this entry »

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Are You Ready For Retirement?

NewspaperI subscribe to a weekly financial newsletter put out by Halbert Wealth Management Co. I enjoy reading the thoughts of someone in the financial trenches in a format and writing style that I can understand.

Baby Boomers Not Ready For Retirement

This week’s newsletter focused on an AP survey about how baby boomers (of which I am one) may not have enough money to retire.  This isn’t new information to me, especially in light of the recent downturn in the economy. Check it out HERE.

How are you doing in this economy? Are you in the 11% that feels good about your retirement savings? I’d love to hear your thoughts…

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What’s Happening in Woodinville

Cottage Lake SchoolIf you live in Woodinville, WA and are interested in the history of the town, you should join the Woodinville Heritage Society.  You can learn more about them at www.woodinvilleheritage.org.

You can also read their latest newsletter HERE.

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Are Disposable Relationships Ruining your Chance at Happiness

Man in trashcanSomehow, I’m on an email list for eHarmony, and I get occasional articles in my inbox.  I usually just delete them and go about my day.  However, this particular headline caught my attention, not just because I’m single, but because this same headline could just as easily apply to Real Estate.

eHarmony for Real Estate?

In reading the article (click HERE to read it), I realized that there are many similarities between dating and real estate. Just scan through the article headers on their site and replace the word Date (or relationship) with Realtor. You could use the two words interchangeably except for maybe the sex articles. Read the rest of this entry »

What does Gene Amdahl have to do with Real Estate?

News headlineBack in the early days of computing, Gene Amdahl was a computer scientist at IBM who later started his own mainframe company. At the time, IBM was the undisputed King of the Hill, but Amdahl had a solid product that was a direct competitor to them. IBM’s marketing, PR and sales force used tactics that Gene Amdahl coined FUD in order to crush the competition. Read the rest of this entry »