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Issue #5 April/2008
Welcome to the Queen Bee Newsletter
 
Investor Edition
Greetings!

Save the date!     champagne

 
IF YOU OWN PROPERTY, ARE MARRIED OR HAVE KIDS, YOU NEED TO ATTEND THIS EVENT!
 

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.  All attendees will receive a gift just for attending. 

  Event is Sat, May 10 from 10am-noon at the Washington Athletic Club.

 
Email [email protected] to reserve your spot. 
 
What Makes a House Recession Proof?
recession proof 
Certain upgrades can help recession-proof your house, but your home's price resilience mostly depends on choices you made when you purchased.  Below are a few helpful  tips to follow when shopping for a recession proof home...
 
1) Location, location, location.  There are full price offers, even multiple offers still being received in desirable locations like Phinney Ridge, Ballard and West Bellevue.   
 
2) Architectural style. Craftsman Bungalows will hold value better than Split Levels or a style that doesn't fit in with the rest of the neighborhood. 
 
3)  Broad Appeal.  The homes most in demand are three-bedroom, two-car-garage houses with at least two bathrooms. When comparing the wisdom of adding a new, high-end kitchen, for example, versus a bedroom addition to your two-bedroom home, the addition is probably your best bet for durable value.
 
 
Click here for more tips... 
Investor Q&A
 
Question: What's better, a fixed term lease or a month to month lease?  James
Tax deprec 
Answer:  Well that depends on where your property is located. Month to Month leases offer flexibility while fixed term leases offer security.  Month to month leases are good to use in highly populated areas where its easy to find replacement renters.  Fixed term leases are a good idea to use for properties in areas where it may be hard to find replacement renters.  So if your rental is in an area like Shoreline or Orting then a fixed term lease might be the best way to go but if your rental is downtown Seattle or downtown Bellevue, a month to month might be best. 
 
Email your question to [email protected]
 
 

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
Recession Proof Housing
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
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King County Taxes are Rising!
 
Effective April 1, 2008, sales and use tax in the majority of King County will increase from 8.9% to 9.0%. The additional one-tenth of one percent will be used for chemical dependency or mental health treatment services.

 

Quick Links
 

Cash flow problems?  Here's two great tips...


1) Rent the property on a lease option.  Ask for a 3% downpayment and a 20% higher rental amount justified by a portion of the rent going towards the purchase price.
2) Rent the property furnished for a higher amount.  If you don't have the furniture available or can't afford it, call a furniture rental company like
Cort or Peoples 1. 

 
Headshot
Carrie Pierce & Associates
Powered by Home Realty
4900 Stone Way N
425 518 1176
www.realtorcarriepierce.com
[email protected]