Back to Results
Please enter a valid email address.
Stating a discriminatory preference in an advertisement for housing is illegal. If you think this content is discriminatory or otherwise inappropriate and feel it should be removed from Zillow, please let us know by completing the information above.
We will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.
Please enter text in the "Enter the text to display" field.
Please enter text in the "Enter URL" field.
Please enter a valid URL.
Please insert a video embed only
There are some REA-speak-to-normal translations needed on this thread...REA-Speak - "any close relatives that might want to invest with you?"Translation - You have no hope of qualifying on your own. Is there someone with more money and better credit who you can strong-arm into the deal?REA-Speak - "more aggressive approaches"Translation - You need to be willing to take on bigger risks, maybe over-leveraging by using an ARM or finding questionable property and hoping to hit one out-of-the-park.The real world situation is that if you find a "gem", there is likely to be others with more solid financial footing who are going to take it away from you.Your initiative and objectives are admirable, but your approach is likely to get you into unintended situations. Take a lesson from all the folks who took a "short cut" using no-down, low-down, or no-doc loans to "get into the game". Many, if not most, are now taking baths as they started off under-capitalized and only had one exit strategy...a booming REA market.If you're serious about making this a "real go", you'd be wise to take one step back and learn more about the RE industry and put together a viable plan - one that includes organizing your finances so that you don't end up overly leveraged...or, worse, dragging others into the game with you.
"Pardon my incredulity, but are you nuts? The last thing the OP's relatives need is to be asked to cosign their reputation for anyone who can't qualify on their own."SoCal_Engr thankfully I'm blessed with the fact that I do not need to just "make a commission" in order to live. So, no, I do not think I'm nuts. That's not the way I work and I wish you would have figured that out before you made such an incredible assumption. I have many clients whose parents, aunts and uncles have decided to "invest" in real estate with loved ones. Not "co-sign" in order to make someone who can't qualify, qualify. I would never suggest anything of the sort. But real estate in Seattle is still a good investment. I can't comment on your situation in Southern California since I have no current knowledge ( I did live there for a few years in the LA/Orange County area). Stilen still has some great opportunities for investment. Seems to me it would be a great opportunity in Bremerton, which I'm assuming he's in based on information. Also, the Nimitz has just been assigned to Bremerton for a year's maintenance and their families are being allowed to move here from San Diego. That seems like a great opportunity for anyone to get just that many sailors and their families to rent something for a year minimum. Good luck Stilen!
By starting a discussion, you can expect more of an interactive, back-and-forth experience where the conversation can go in many different directions.
Zillow® Advice depends on each member to keep it a safe, fun, and positive place. If you see abuse, flag it. More on our Good Neighbor Policy
For Sale: $449,950
For Sale: $485,000
For Sale: $595,000