Top Viewed For Sale Postings on Zillow

By: Whitney Tyner, Zillow PR Specialist | August 2, 2007

Just last week while riding the early morning metro to work I ran into my friend Rob, a recent UW grad and neighbor. He looked a little haggard and I couldn’t resist investigating the story behind his sleepy eyes. His unexpected answerreal estate. Less than 6 months into his first grown up job and he’s staying up late brainstorming about how to invest in a local fixer-upper home with his roommates. (See, I’m not the only dreamer!) With prices high and starting salaries low, many grads looking to jump into the real estate market are considering partnering with friends or siblings to make their first purchase.

I couldn’t help but think of Rob when I saw this weeks #4 Bremerton homeit seems the perfect candidate for aspiring investors. Strategically priced well below the Zestimate, the motivated sellers are positioning their home as a rare gem in need of a little TLC. Another hot investment is the #3 Lanoka Harbor listing, sitting on a corner lot with lots of room for expansion. While it can be risky to mix finances and friendship, if the relationship is strong enough and both parties are willing to share in the sweat equity, dual ownership can be a great idea.

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Comments

1 Comment so far

  1. Maricel Ferrer-Custodio on August 5, 2007 7:10 am

    Investing with friends might sound like a great idea if your finances our short. But, make sure you treat everything as a business than a personal partnership. Make sure all the figures, profit and expense sharing, including designated work are clear to each co-investor. Having a common goal and back-up plan will make the partnership more successful too.

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