logo
Issue #4 March/2008
Welcome to the Queen Bee Newsletter
 
Investor Edition
Greetings!

Save the date!     champagne

 

You are invited to a special Champagne Gourmet Breakfast with guest speaker Chuck Lehman addressing the topic of Estate Planning.  Current and past clients receive free admission.  Friends and family can still attend at a special discount of $25.  Event is Sat, May 10 from 10am-noon at the Washington Athletic Club.

 

Email carrie@carriepierce.net to reserve your spot at the Champagne Breakfast.  Simply put "Champagne Breakfast" in the title line and provide your name and phone number in the email.

 
Do you remember when you were young and your Mom or Dad used to tell you say to you "sit up straight" or "do your homework"?  Your parents told you these things to make your future better.  Well now that you're an adult  The Queen Bee is here to make sure you're doing certain things  in your adulthood to better your future.  And so I encourage you attend the Estate Planning Champagne Breakfast!
The Art of Lowballing
Lowball offer 
I am a big fan of the lowball offer.  Although there are a few mistakes you can make. 
 
1) Do not make a wildly low offer.  This only wastes your time and the sellers time because the seller does not take you seriously.   
 
2) Don't fixate on list price.  The true value of a home might not be reflected in its listed price. A property's listed price simply reflects what a seller hopes to get.  In some cases, initial list prices are so inflated that even a buyer who negotiates a substantial discount still overpays. 
 
3)  Accept imperfections.  To secure a low price on a home, buyers ought to accept a few shortcomings. This might mean a property that needs repairs or faces a busy street. 
 
4) Look for motivated sellers!  These are the folks most willing to seriously consider a lowball offer.
 
Click here for a list of motivated seller homes. 
Investor Q&A
 
Question: Can I take a tax depreciation write off  on my owner occupied home if I also have a renter living there?  ~Clint
Tax deprec 
Answer:  No you cannot take tax depreciation on your owner occupied home, whether you have a renter or not.
 
Email your question to carrie@carriepierce.net
 
 

The Queen Bee Mission Statement

 

The Queen Bee is a straight up, no non-sense newsletter dedicated to providing you the latest market information as it pertains to real estate investing.  There are no attempts sell you on anything and if we ever do you have our full permission to smack us up side the head. We are here to provide truthful and relevant educational material in an effort to help you attain your real estate investing goals. 

Sincerely,
 
 
Carrie Pierce & Associates
Powered by Home Realty
4900 Stone Way N
Seattle, WA 98103
425 518 1176


In This Issue
The Art of Lowballing
Investor Q&A
Collecting Money Owed by a Tenant
Apply for a loan Apply for a Loan
Mortgage Calculator Mortgage Calculator
Top 5 Investments Top 5 Investments
Join Our Mailing List
 

Become a registered member of www.realtorcarriepierce
com for access to privileged documents like over 20 landlording forms, foreclosure lists, sample credit repair letters, real estate referral lists and more!

 

Quick Links
 

Collecting Money Owed by a Tenant

Did you ever have to evict a tenant for non-payment of rent, then get stiffed for the bill? You may be able to collect what is owed to you, even years later.

First, you need a court-ordered money judgment. If you filed for an eviction in court, you received a judgment and order of possession. The court order is a document signed by a judge that permits a local sheriff or constable to forcibly remove the tenants from the property. In most states you can also get a money judgment against the tenant, but this requires one of two things:

1) the tenant must have been personally served with the court papers or...

2) the tenant must have shown up in court.

 
Headshot
Carrie Pierce & Associates
Powered by Home Realty
4900 Stone Way N
425 518 1176
www.realtorcarriepierce.com
carrie@carriepierce.net