Case Study: 816 NW Market St
Driving Elements:
- Investment
- Good agent relationships
- Showing up
I helped the buyers purchase this property in 2013. As of January 2015, 60% of the buyers loan is being covered by the rent generated in the lower level apartment. In this short time, the buyer has been accumulating cash and is preparing to make another investment.
A few things worked particularly well here. First, and most critically, the buyers had done their homework and understood the potential.
When we found ourselves in multiple offers, it was helpful that I had a good working relationship with the listing agent. Because of this, the seller agreed to meet for an in-person offer presentation (I don't believe competing agents/buyers presented in person). And, at that presentation, the listing agents encouraged their client to take my client's offer.
View listing details here.
Belltown apartment building sells as tech fuels Seattle-area market
Puget Sound Business Journal
http://m.bizjournals.com/seattle/blog/techflash/2013/11/tech-effect-fuels-seattles-apartment.html
Great Rent v. Buy Analysis (adjusts for individual factors)
Pretty in-depth and dynamic Rent v. Buy analysis from Trulia, including adjustments for interest rate/hold period/tax deduction
http://trends.truliablog.com/2012/09/rent-vs-buy-summer-2012/