The Cascade Team Real Estate Blog

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Real Estate Investment Mistakes To Avoid

Investing in real estate can be extremely profitable, and thrilling if done correctly! However, on the other side of the coin real estate investing mistakes can be costly, and erode all of your savings.

I have personally invested in residential, multi-family, and commercial properties across several states. I have “flipped”, wholesaled, and traded paper to buy and sell properties. Over my career I have learned one thing: EVEN THE BEST MAKE MISTAKES! The key is to make sure your mistakes are small, and you learn from them to improve your system.  

Here are the top 3 mistakes I see new investors make. If you stay away from these mistakes you will be on the road to financial independence.

Number 1: Lack of

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$725,000 - 27039 SE 9th Way, Sammamish

   Bedrooms: 4
   Bathrooms: 2.75
   Sq. Footage: 2,820
   Year Built: 2001
   Garage Spaces: 3
   Type: Residential
   MLS® Number: 705721
OFFERED BY: PROPERTY DESCRIPTION:
  Shari Peran
Broker
425-736-9814
Schedule a Showing
Request More Info
For details contact Shari Peran at 425-736-9814. Spectacular home situated on one of the largest lots in Carlisle. Main floor has 3/4 bathroom & den (4th bedroom) w/ walk-in closet perfect for guests. Gourmet kitchen has cherry cabinets, modern fixtures, granite counters, ss appliances &
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$873,000 - 40 Kendall Peak Way, Snoqualmie Pass

   Bedrooms: 5
   Bathrooms: 5.16
   Sq. Footage: 3,221
   Year Built: 1999
   Garage Spaces: 3
   Type: Residential
   MLS® Number: 705662
OFFERED BY: PROPERTY DESCRIPTION:
  Linda McFarlane
Managing Broker of The Cascade Team North Bend
206.854.1008
Schedule a Showing
Request More Info
For details contact Linda McFarlane at 206.854.1008. Ski-in/ski-out log home handcrafted by award winning Ark II offers a covered walkway with snow walls that fold down in the summer to create an open breezeway. Extensive remodel
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At Absolute Mortgage in Issaquah we're all about educating our clients so they can make informed decisions when it comes to the financing of their home.

Here are Mortgage DOs and DON'Ts to follow during your loan process.

DO:

Keep All Records in Good Order.

  • Availability - Keep your financial records close at hand in case updates are requested.
  • Income – Be aware that underwriters typically verify your income and tax documents through your employer(s), CPA, and/or IRS tax transcripts. Hold onto new paystubs as received.
  • Assets – Continue saving incoming account statements. Keep all numbered pages of each statement. Ex. 8 of 8.
  • Gifts – If you're receiving any gift money from relatives, they'll need to sign a gift letter
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$245,000 - 1650 25th Ave NE #2-102, Issaquah

   Bedrooms: 2
   Bathrooms: 2
   Sq. Footage: 928
   Year Built: 2004
   Garage Spaces: 1
   Type: Townhouse / Condo
   MLS® Number: 705268
OFFERED BY: PROPERTY DESCRIPTION:
  Matt Jensen
Branch Manager - Issaquah Highlands Office
206.909.8200
Schedule a Showing
Request More Info
For details contact Matt Jensen at 206.909.8200. Immaculate ground floor condo unit in the heart of Issaquah Highlands close to it all! Most popular 2 bedroom/2bath home w/ intelligent floor plan. Mater suite plus second large bedroom.
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$750,000 - 2546 29th Ave NE, Issaquah

   Bedrooms: 4
   Bathrooms: 2.5
   Sq. Footage: 3,010
   Year Built: 2006
   Garage Spaces: 2
   Type: Residential
   MLS® Number: 705211
OFFERED BY: PROPERTY DESCRIPTION:
  Matt Jensen
Branch Manager - Issaquah Highlands Office
206.909.8200
Schedule a Showing
Request More Info
For details contact Matt Jensen at 206.909.8200. RARE & unique park-side Craftsman home with excellent VIEWS! Across from Kirk & Grandview Parks this immaculate home with Seattle, Bellevue & Olympic views offers it all. From elegant formal living &
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$668,000 - 22572 NE 96th ST, Redmond

   Bedrooms: 4
   Bathrooms: 3
   Sq. Footage: 2,740
   Year Built: 2003
   Garage Spaces: 2
   Type: Residential
   MLS® Number: 705111
OFFERED BY: PROPERTY DESCRIPTION:
  Doni Walsh
Broker
425-777-0950
Schedule a Showing
Request More Info
For details contact Doni Walsh at 425-777-0950. Perfect home in the perfect location! This home has upgraded tile flooring throughout entry & hallway. Updated baths plus a spacious formal living and dining area for entertaining and larger gatherings. The open kitchen includes beautiful
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  • Pending Sales Surge 13% in Sept

  • Closed Sales up Nearly 5%

  • Prices increase by 2.5% ($12,500 on a $500,000 home!)

KIRKLAND, Washington (Oct. 6, 2014) – Pending sales of homes around Western Washington surged more than 13 percent in September compared to a year ago, and listing activity picked up slightly, fueling both broker optimism and words of advice for sellers.

Along with increases in the number of mutually accepted offers, the latest report from Northwest Multiple Listing Service shows year-over-year gains in the number of closed sales (up 4.6 percent) and prices (up 2.5 percent). Inventory for its service area, which encompasses 21 counties in Western and Central Washington, declined

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original article can be found at: http://economistsoutlook.blogs.realtor.org/2014/09/25/market-outlook-in-the-next-six-months-for-single-family-homes/#sf4823313 

REALTORS® who responded to the monthly RCI survey were still generally optimistic about conditions in their local markets for single family homes in the next six months, according to the August REALTORS® Confidence Index Survey.

The map shows by state the outlook of respondents regarding the market for single family homes in the next six months, based on data from the June-August 2014 surveys [1]. Except for a few states (blue), respondents reported strong markets. REALTOR® respondents from Texas and North Dakota, which are experiencing strong economic and employment growth, were the

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$390,000 - 9717 178th Place NE #3, Redmond

   Bedrooms: 2
   Bathrooms: 3
   Sq. Footage: 1,182
   Year Built: 1997
   Garage Spaces: 2
   Type: Townhouse / Condo
   MLS® Number: 703889
OFFERED BY: PROPERTY DESCRIPTION:
  Doni Walsh
Broker
425-777-0950
Schedule a Showing
Request More Info
For details contact Doni Walsh at 425-777-0950. Find your sanctuary in the heart of Redmond's most desirable area. Step back to an Old World feeling while keeping all your modern amenities. This home has been completely upgraded with designer touches throughout. From the floors
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