Housing Resource
Category: Real Estate Investment

Email to Phil about renting a a home in the JBLM area.

 

My husband just found out we are going to Fort Lewis last night so I began my search for info on the place. Coincidentally we are in Germany also. This will be our first REAL PCS move so I am trying to figure out all that I need to know. I am not sure we are looking into buying a home right this minute we just got all our bills paid and have a car payment but most likely in the next two years we would be interested in buying a house but like I said not sure. If you do help with rentals that would be amazing. We are particularly interested in the Lacey or Olympia areas.

Phil’s response.

 

Thanks for your email.  I want to be up front with you and let you know that I don’t manage rentals.  I do sell homes, and although this sounds like a sales pitch…this may be the best time to buy a home for the rest of your life!

 

I would certainly consider buying, and speak with a mortgage lender before making the final decision.  Right now, in the JBLM area, you can buy for considerably less than what you can rent for.  For example, a decent 1800 square foot home can be purchased with a monthly payment of about $1100, rent for the same home would be $1350-1400.  A very unique situation, that will not last.

 

If you do move forward with renting, I can refer you to someone who manages properties.  If you decide to buy, I can refer you to a local Mortgage lender who will counsel you on best courses of action and who can give you exact $ numbers.

 

Respectfully, Phil

 

  1. 3 beds, 0 baths
    Home size: 1,416 sq ft
    Lot size: 5,227 sqft
    Listing provided by Better Properties N. Proctor
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  2. $384,500 : 6812 9 St E, Fife
    3 beds, 0 baths
    Home size: 1,988 sq ft
    Lot size: 4,791 sqft
    Listing provided by Emerald Properties
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  3. 3 beds, 0 baths
    Home size: 2,000 sq ft
    Lot size: 3,484 sqft
    Listing provided by Richmond Realty of Washington
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  4. 3 beds, 0 baths
    Home size: 2,050 sq ft
    Lot size: 6,534 sqft
    Listing provided by Richmond Realty of Washington
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  5. 4 beds, 0 baths
    Home size: 1,807 sq ft
    Lot size: 4,356 sqft
    Listing provided by Better Properties Real Estate
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  6. 4 beds, 0 baths
    Home size: 2,381 sq ft
    Lot size: 4,791 sqft
    Listing provided by Keller Williams Tacoma
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  7. 3 beds, 0 baths
    Home size: 1,430 sq ft
    Lot size: 6,098 sqft
    Listing provided by Keller Williams Tacoma
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  8. 3 beds, 0 baths
    Home size: 1,734 sq ft
    Lot size: 3,484 sqft
    Listing provided by Michael J Real Estate LLC
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  9. 4 beds, 0 baths
    Home size: 1,807 sq ft
    Lot size: 3,920 sqft
    Listing provided by Gary Wagner Real Estate
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  10. 4 beds, 0 baths
    Home size: 2,758 sq ft
    Lot size: 4,791 sqft
    Listing provided by Abbey Realty Inc
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  11. 3 beds, 0 baths
    Home size: 1,834 sq ft
    Lot size: 5,227 sqft
    Listing provided by LGI Realty
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  12. 3 beds, 0 baths
    Home size: 2,100 sq ft
    Lot size: 9,583 sqft
    Listing provided by Evergreen Realty NW
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  13. 3 beds, 2 baths
    Home size: 2,019 sq ft
    Lot size: 1.08 ac
    Listing provided by Keller Williams Tacoma
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  14. 3 beds, 2 baths
    Home size: 2,282 sq ft
    Lot size: 1.13 ac
    Listing provided by Keller Williams Tacoma
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  15. 3 beds, 0 baths
    Home size: 1,617 sq ft
    Lot size: 4,356 sqft
    Listing provided by Leske Realty
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  16. 3 beds, 2 baths
    Home size: 1,436 sq ft
    Lot size: 1.68 ac
    Listing provided by John L. Scott R.E. Lake Tapps
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  17. 3 beds, 0 baths
    Home size: 1,704 sq ft
    Lot size: 3,049 sqft
    Listing provided by NW Choice Realty
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  18. 4 beds, 0 baths
    Home size: 2,335 sq ft
    Lot size: 3,920 sqft
    Listing provided by Gateway Real Estate
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  19. 3 beds, 0 baths
    Home size: 1,648 sq ft
    Lot size: 4,791 sqft
    Listing provided by Solution Partners NW
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  20. 3 beds, 0 baths
    Home size: 2,000 sq ft
    Lot size: 3,484 sqft
    Listing provided by Richmond Realty of Washington
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  21. 4 beds, 0 baths
    Home size: 2,054 sq ft
    Lot size: 7,840 sqft
    Listing provided by Keller Williams Tacoma
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  22. 4 beds, 3 baths
    Home size: 2,316 sq ft
    Lot size: 10,018 sqft
    Listing provided by ZipRealty Residential Brkg
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  23. 3 beds, 0 baths
    Home size: 2,500 sq ft
    Lot size: 3,484 sqft
    Listing provided by Richmond Realty of Washington
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  24. 3 beds, 0 baths
    Home size: 2,500 sq ft
    Lot size: 3,484 sqft
    Listing provided by Richmond Realty of Washington
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  25. 5 beds, 0 baths
    Home size: 2,536 sq ft
    Lot size: 6,534 sqft
    Listing provided by RE*USA LLC
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  26. 4 beds, 0 baths
    Home size: 2,922 sq ft
    Lot size: 6,969 sqft
    Listing provided by John L. Scott, Inc.
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  27. 4 beds, 0 baths
    Home size: 2,775 sq ft
    Lot size: 5,227 sqft
    Listing provided by Keller Williams Tacoma
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  28. 5 beds, 0 baths
    Home size: 2,634 sq ft
    Lot size: 4,791 sqft
    Listing provided by Van Dorm Realty, Inc.
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  29. 4 beds, 0 baths
    Home size: 2,516 sq ft
    Lot size: 4,791 sqft
    Listing provided by Keller Williams Realty
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  30. 4 beds, 0 baths
    Home size: 2,721 sq ft
    Lot size: 4,791 sqft
    Listing provided by Keller Williams Realty
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  31. 4 beds, 2 baths
    Home size: 2,060 sq ft
    Lot size: 5.05 ac
    Listing provided by My Home Group Real Estate LLC
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  32. 4 beds, 0 baths
    Home size: 2,482 sq ft
    Lot size: 22,215 sqft
    Listing provided by Keller Williams Tacoma
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  33. 2 beds, 0 baths
    Home size: 1,776 sq ft
    Lot size: 4,791 sqft
    Listing provided by Heiser Team Real Estate Co.
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  34. 4 beds, 0 baths
    Home size: 2,967 sq ft
    Lot size: 22,215 sqft
    Listing provided by Keller Williams Tacoma
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  35. 4 beds, 0 baths
    Home size: 3,183 sq ft
    Lot size: 5,662 sqft
    Listing provided by Lennar Sales Corp.
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  36. 3 beds, 2 baths
    Home size: 2,460 sq ft
    Lot size: 22,215 sqft
    Listing provided by Keller Williams Tacoma
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  37. 3 beds, 0 baths
    Home size: 2,626 sq ft
    Lot size: 9,583 sqft
    Listing provided by Keller Williams Realty PS
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  38. 3 beds, 0 baths
    Home size: 1,440 sq ft
    Lot size: 3,920 sqft
    Listing provided by Real Estate 2000 Inc.
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  39. 4 beds, 0 baths
    Home size: 1,720 sq ft
    Lot size: 6,534 sqft
    Listing provided by ALLEN Realtors
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  40. 3 beds, 2 baths
    Home size: 1,494 sq ft
    Lot size: 5,662 sqft
    Listing provided by LGI Realty
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  41. 3 beds, 2 baths
    Home size: 1,494 sq ft
    Lot size: 5,662 sqft
    Listing provided by LGI Realty
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  42. 3 beds, 2 baths
    Home size: 1,494 sq ft
    Lot size: 5,227 sqft
    Listing provided by LGI Realty
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  43. 3 beds, 2 baths
    Home size: 1,494 sq ft
    Lot size: 5,227 sqft
    Listing provided by LGI Realty
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  44. 3 beds, 0 baths
    Home size: 1,800 sq ft
    Lot size: 6,098 sqft
    Listing provided by LGI Realty
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  45. 4 beds, 0 baths
    Home size: 2,018 sq ft
    Lot size: 5,662 sqft
    Listing provided by LGI Realty
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  46. 4 beds, 0 baths
    Home size: 2,211 sq ft
    Lot size: 4,356 sqft
    Listing provided by DR Horton
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  47. 3 beds, 0 baths
    Home size: 2,197 sq ft
    Lot size: 5,227 sqft
    Listing provided by LGI Realty
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  48. 3 beds, 0 baths
    Home size: 2,197 sq ft
    Lot size: 4,791 sqft
    Listing provided by LGI Realty
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  49. 4 beds, 0 baths
    Home size: 2,399 sq ft
    Lot size: 4,356 sqft
    Listing provided by DR Horton
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  50. 4 beds, 3 baths
    Home size: 2,587 sq ft
    Lot size: 2.50 ac
    Listing provided by Windermere R.E. Key Realty
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See all New Construction.
(all data current as of 6/26/2017)

Listing information deemed reliable but not guaranteed. Read full disclaimer.

 

  1. 4 beds, 0 baths
    Home size: 3,409 sq ft
    Lot size: 871 sqft
    Listing provided by John L. Scott Orting
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  2. 3 beds, 0 baths
    Home size: 1,416 sq ft
    Lot size: 5,227 sqft
    Listing provided by Better Properties N. Proctor
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  3. 3 beds, 2 baths
    Home size: 1,514 sq ft
    Lot size: 3,920 sqft
    Listing provided by Leske Realty
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  4. 3 beds, 0 baths
    Home size: 1,936 sq ft
    Lot size: 10,890 sqft
    Listing provided by Keller Williams Realty
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  5. $384,500 : 6812 9 St E, Fife
    3 beds, 0 baths
    Home size: 1,988 sq ft
    Lot size: 4,791 sqft
    Listing provided by Emerald Properties
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  6. 3 beds, 0 baths
    Home size: 2,188 sq ft
    Lot size: 13,068 sqft
    Listing provided by Keller Williams West Sound
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  7. 3 beds, 2 baths
    Home size: 1,434 sq ft
    Lot size: 9,147 sqft
    Listing provided by Windermere RE Puyallup, Inc
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  8. 3 beds, 2 baths
    Home size: 1,156 sq ft
    Lot size: 5,662 sqft
    Listing provided by Professional Realty Services
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  9. 3 beds, 0 baths
    Home size: 1,822 sq ft
    Lot size: 5,227 sqft
    Listing provided by Dupont Realty & Property Mgmt
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  10. 3 beds, 0 baths
    Lot size: 13,068 sqft
    Listing provided by Coldwell Banker Bain
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  11. 4 beds, 0 baths
    Home size: 3,045 sq ft
    Lot size: 22,651 sqft
    Listing provided by JohnSRealty
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  12. 3 beds, 0 baths
    Home size: 2,000 sq ft
    Lot size: 3,484 sqft
    Listing provided by Richmond Realty of Washington
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  13. 3 beds, 0 baths
    Home size: 2,024 sq ft
    Lot size: 4,356 sqft
    Listing provided by John L. Scott Dupont
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  14. 3 beds, 0 baths
    Home size: 2,050 sq ft
    Lot size: 6,534 sqft
    Listing provided by Richmond Realty of Washington
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  15. 3 beds, 0 baths
    Home size: 1,550 sq ft
    Lot size: 5,227 sqft
    Listing provided by Real Estate 2000 Inc.
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  16. 4 beds, 3 baths
    Home size: 2,032 sq ft
    Lot size: 8,276 sqft
    Listing provided by ALLEN Realtors
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  17. 3 beds, 2 baths
    Home size: 1,875 sq ft
    Lot size: 6,534 sqft
    Listing provided by JohnSRealty
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  18. 3 beds, 0 baths
    Home size: 2,049 sq ft
    Lot size: 10,018 sqft
    Listing provided by Berkshire Hathaway HS NW
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  19. 4 beds, 0 baths
    Home size: 2,977 sq ft
    Lot size: 8,276 sqft
    Listing provided by RE/MAX Parkside Affiliates
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  20. 4 beds, 0 baths
    Home size: 2,238 sq ft
    Lot size: 18,295 sqft
    Listing provided by Better Properties Real Estate
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  21. 4 beds, 0 baths
    Home size: 2,080 sq ft
    Lot size: 4.13 ac
    Listing provided by ALLEN Realtors
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  22. 4 beds, 0 baths
    Home size: 2,342 sq ft
    Lot size: 10,890 sqft
    Listing provided by DeLucco Realty Group LLC
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  23. 4 beds, 0 baths
    Home size: 2,204 sq ft
    Lot size: 10,454 sqft
    Listing provided by Better Properties Real Estate
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  24. 5 beds, 0 baths
    Home size: 2,883 sq ft
    Lot size: 11,325 sqft
    Listing provided by Elite Properties
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  25. 3 beds, 0 baths
    Home size: 1,485 sq ft
    Lot size: 6,098 sqft
    Listing provided by Prodigy Real Estate Inc.
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  26. 3 beds, 0 baths
    Home size: 1,387 sq ft
    Listing provided by Caliber Real Estate
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  27. 3 beds, 0 baths
    Home size: 1,860 sq ft
    Lot size: 3,049 sqft
    Listing provided by Keller Williams Rlty Bellevue
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  28. 3 beds, 0 baths
    Home size: 1,530 sq ft
    Lot size: 1,742 sqft
    Listing provided by Keller Williams Tacoma
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  29. 3 beds, 2 baths
    Home size: 1,103 sq ft
    Lot size: 10,018 sqft
    Listing provided by Turn Key Real Estate, Inc.
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  30. 3 beds, 2 baths
    Home size: 1,122 sq ft
    Lot size: 11,325 sqft
    Listing provided by Keller Williams Tacoma
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  31. 4 beds, 0 baths
    Home size: 1,852 sq ft
    Lot size: 6,098 sqft
    Listing provided by Van Dorm Realty, Inc.
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  32. 3 beds, 0 baths
    Home size: 1,560 sq ft
    Lot size: 3,049 sqft
    Listing provided by Better Properties Real Estate
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  33. 3 beds, 0 baths
    Home size: 1,334 sq ft
    Lot size: 6,098 sqft
    Listing provided by Kensington Real Estate LLC
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  34. 4 beds, 2 baths
    Home size: 1,728 sq ft
    Lot size: 6,969 sqft
    Listing provided by Allied RE Services, LLC
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  35. 3 beds, 2 baths
    Home size: 1,422 sq ft
    Lot size: 13,939 sqft
    Listing provided by Van Dorm Realty, Inc.
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  36. 3 beds, 0 baths
    Home size: 1,736 sq ft
    Lot size: 5,662 sqft
    Listing provided by CENTURY 21 Real Estate Center
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  37. 4 beds, 0 baths
    Home size: 1,950 sq ft
    Lot size: 5,227 sqft
    Listing provided by Better Properties Summit
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  38. 3 beds, 2 baths
    Home size: 1,216 sq ft
    Lot size: 13,939 sqft
    Listing provided by Coldwell Banker Danforth
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  39. 3 beds, 2 baths
    Home size: 1,344 sq ft
    Lot size: 9,147 sqft
    Listing provided by Kelly Right RE of Seattle LLC
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  40. 3 beds, 0 baths
    Home size: 2,181 sq ft
    Lot size: 3,920 sqft
    Listing provided by John L. Scott/Yelm
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  41. 4 beds, 3 baths
    Home size: 2,728 sq ft
    Lot size: 23,086 sqft
    Listing provided by Berkshire Hathaway Sound Rltrs
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  42. 4 beds, 0 baths
    Home size: 1,807 sq ft
    Lot size: 4,356 sqft
    Listing provided by Better Properties Real Estate
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  43. 3 beds, 0 baths
    Home size: 1,851 sq ft
    Lot size: 7,840 sqft
    Listing provided by KW Everett
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  44. 4 beds, 0 baths
    Home size: 2,042 sq ft
    Lot size: 4,356 sqft
    Listing provided by RE/MAX Professionals
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  45. 4 beds, 0 baths
    Home size: 2,381 sq ft
    Lot size: 4,791 sqft
    Listing provided by Keller Williams Tacoma
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  46. 4 beds, 2 baths
    Home size: 1,507 sq ft
    Lot size: 6,534 sqft
    Listing provided by Parkside Realty
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  47. 3 beds, 0 baths
    Home size: 1,430 sq ft
    Lot size: 6,098 sqft
    Listing provided by Keller Williams Tacoma
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  48. 3 beds, 0 baths
    Home size: 1,472 sq ft
    Lot size: 19,602 sqft
    Listing provided by Keller Williams Seattle Metro
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  49. 3 beds, 0 baths
    Home size: 1,734 sq ft
    Lot size: 3,484 sqft
    Listing provided by Michael J Real Estate LLC
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  50. 4 beds, 0 baths
    Home size: 2,005 sq ft
    Lot size: 4,356 sqft
    Listing provided by Sound Advantage Realty
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See all Search All 3 Bed, 2 Bath Homes near JBLM.
(all data current as of 6/26/2017)

Listing information deemed reliable but not guaranteed. Read full disclaimer.

 

  1. 4 beds, 0 baths
    Home size: 3,409 sq ft
    Lot size: 871 sqft
    Listing provided by John L. Scott Orting
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  2. 2 beds, 0 baths
    Home size: 1,372 sq ft
    Listing provided by Nations Realty, LLC
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  3. 3 beds, 0 baths
    Home size: 1,416 sq ft
    Lot size: 5,227 sqft
    Listing provided by Better Properties N. Proctor
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  4. 3 beds, 2 baths
    Home size: 1,514 sq ft
    Lot size: 3,920 sqft
    Listing provided by Leske Realty
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  5. 2 beds, 0 baths
    Home size: 1,364 sq ft
    Listing provided by Coldwell Banker Bain
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  6. 3 beds, 1 bath
    Home size: 1,298 sq ft
    Lot size: 1.17 ac
    Listing provided by Viking Realty
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  7. 3 beds, 0 baths
    Home size: 1,936 sq ft
    Lot size: 10,890 sqft
    Listing provided by Keller Williams Realty
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  8. 3 beds, 0 baths
    Home size: 1,610 sq ft
    Lot size: 15,681 sqft
    Listing provided by RE/MAX Exclusive
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  9. 4 beds, 0 baths
    Home size: 1,748 sq ft
    Lot size: 9,583 sqft
    Listing provided by Windermere Professional Prtnrs
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  10. $384,500 : 6812 9 St E, Fife
    3 beds, 0 baths
    Home size: 1,988 sq ft
    Lot size: 4,791 sqft
    Listing provided by Emerald Properties
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  11. 3 beds, 0 baths
    Home size: 2,188 sq ft
    Lot size: 13,068 sqft
    Listing provided by Keller Williams West Sound
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  12. 3 beds, 1 bath
    Home size: 1,250 sq ft
    Lot size: 6,098 sqft
    Listing provided by Skyline Properties, Inc.
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  13. 3 beds, 0 baths
    Home size: 1,701 sq ft
    Lot size: 9,147 sqft
    Listing provided by Coldwell Banker Evergreen
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  14. 3 beds, 0 baths
    Home size: 1,308 sq ft
    Lot size: 7,405 sqft
    Listing provided by Keller Williams Western Realty
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  15. 3 beds, 2 baths
    Home size: 1,156 sq ft
    Lot size: 5,662 sqft
    Listing provided by Professional Realty Services
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  16. 4 beds, 0 baths
    Home size: 1,160 sq ft
    Lot size: 5,227 sqft
    Listing provided by Better Properties Solutions
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  17. 2 beds, 1 bath
    Home size: 837 sq ft
    Listing provided by RE/MAX Professionals
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  18. 3 beds, 2 baths
    Home size: 1,286 sq ft
    Lot size: 14,810 sqft
    Listing provided by Gateway Real Estate
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  19. 3 beds, 0 baths
    Home size: 1,200 sq ft
    Lot size: 3,049 sqft
    Listing provided by Keller Williams Tacoma
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  20. 3 beds, 0 baths
    Home size: 1,777 sq ft
    Lot size: 6,969 sqft
    Listing provided by RE/MAX Professionals
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  21. 3 beds, 0 baths
    Home size: 1,822 sq ft
    Lot size: 5,227 sqft
    Listing provided by Dupont Realty & Property Mgmt
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  22. 3 beds, 0 baths
    Lot size: 13,068 sqft
    Listing provided by Coldwell Banker Bain
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  23. 3 beds, 0 baths
    Home size: 1,850 sq ft
    Lot size: 14,810 sqft
    Listing provided by Skyline Properties, Inc.
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  24. 4 beds, 0 baths
    Home size: 3,045 sq ft
    Lot size: 22,651 sqft
    Listing provided by JohnSRealty
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  25. 3 beds, 0 baths
    Home size: 2,000 sq ft
    Lot size: 3,484 sqft
    Listing provided by Richmond Realty of Washington
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  26. 3 beds, 0 baths
    Home size: 2,024 sq ft
    Lot size: 4,356 sqft
    Listing provided by John L. Scott Dupont
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  27. 3 beds, 0 baths
    Home size: 2,050 sq ft
    Lot size: 6,534 sqft
    Listing provided by Richmond Realty of Washington
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  28. 3 beds, 0 baths
    Home size: 1,550 sq ft
    Lot size: 5,227 sqft
    Listing provided by Real Estate 2000 Inc.
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  29. 4 beds, 3 baths
    Home size: 2,032 sq ft
    Lot size: 8,276 sqft
    Listing provided by ALLEN Realtors
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  30. 3 beds, 2 baths
    Home size: 1,875 sq ft
    Lot size: 6,534 sqft
    Listing provided by JohnSRealty
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  31. 3 beds, 0 baths
    Home size: 2,049 sq ft
    Lot size: 10,018 sqft
    Listing provided by Berkshire Hathaway HS NW
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  32. 4 beds, 0 baths
    Home size: 2,977 sq ft
    Lot size: 8,276 sqft
    Listing provided by RE/MAX Parkside Affiliates
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  33. 4 beds, 0 baths
    Home size: 2,238 sq ft
    Lot size: 18,295 sqft
    Listing provided by Better Properties Real Estate
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  34. 4 beds, 0 baths
    Home size: 2,080 sq ft
    Lot size: 4.13 ac
    Listing provided by ALLEN Realtors
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  35. 4 beds, 0 baths
    Home size: 2,342 sq ft
    Lot size: 10,890 sqft
    Listing provided by DeLucco Realty Group LLC
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  36. 4 beds, 0 baths
    Home size: 2,204 sq ft
    Lot size: 10,454 sqft
    Listing provided by Better Properties Real Estate
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  37. 5 beds, 0 baths
    Home size: 2,842 sq ft
    Lot size: 4,791 sqft
    Listing provided by Pulte Homes of Washington Inc
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  38. 4 beds, 0 baths
    Home size: 3,024 sq ft
    Lot size: 4,791 sqft
    Listing provided by Pulte Homes of Washington Inc
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  39. 5 beds, 0 baths
    Home size: 2,883 sq ft
    Lot size: 11,325 sqft
    Listing provided by Elite Properties
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  40. 3 beds, 1 bath
    Home size: 840 sq ft
    Lot size: 8,712 sqft
    Listing provided by Parkside Realty
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  41. 3 beds, 1 bath
    Home size: 830 sq ft
    Lot size: 4,356 sqft
    Listing provided by Crescent II, Inc.
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  42. 3 beds, 0 baths
    Home size: 1,324 sq ft
    Lot size: 7,840 sqft
    Listing provided by John L. Scott, Inc.
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  43. 3 beds, 1 bath
    Home size: 1,260 sq ft
    Lot size: 8,276 sqft
    Listing provided by Pacific Cascade Properties LLC
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  44. 2 beds, 0 baths
    Home size: 1,248 sq ft
    Lot size: 3,049 sqft
    Listing provided by WEICHERT, Realtors Reynolds RE
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  45. 3 beds, 2 baths
    Home size: 1,151 sq ft
    Lot size: 8,276 sqft
    Listing provided by Keller Williams Realty PS
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  46. 3 beds, 1 bath
    Home size: 1,064 sq ft
    Lot size: 13,068 sqft
    Listing provided by RE/MAX Integrity
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  47. 3 beds, 1 bath
    Home size: 880 sq ft
    Lot size: 9,147 sqft
    Listing provided by Maxim Properties Corp. of WA
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  48. 3 beds, 0 baths
    Home size: 1,860 sq ft
    Lot size: 3,049 sqft
    Listing provided by Keller Williams Rlty Bellevue
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  49. 4 beds, 0 baths
    Home size: 1,792 sq ft
    Lot size: 8,276 sqft
    Listing provided by Van Dorm Realty, Inc.
    Broker reciprocity icon
  50. 3 beds, 1 bath
    Home size: 1,176 sq ft
    Lot size: 5,227 sqft
    Listing provided by Hometown Advisor R/E, LLC
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See all Homes For Sale >$200k T & P Co..
(all data current as of 6/26/2017)

Listing information deemed reliable but not guaranteed. Read full disclaimer.

 

  1. 3 beds, 0 baths
    Home size: 1,680 sq ft
    Lot size: 14,810 sqft
    Listing provided by Century 21 Northwest
    Broker reciprocity icon
  2. 3 beds, 2 baths
    Home size: 1,056 sq ft
    Lot size: 2.53 ac
    Listing provided by My Home Group Real Estate LLC
    Broker reciprocity icon
  3. 2 beds, 0 baths
    Home size: 1,180 sq ft
    Listing provided by RSVP Real Estate
    Broker reciprocity icon
  4. 3 beds, 2 baths
    Home size: 1,568 sq ft
    Lot size: 4,791 sqft
    Listing provided by Coldwell Banker Bain
    Broker reciprocity icon
  5. 2 beds, 2 baths
    Home size: 846 sq ft
    Listing provided by Sterling Johnston Real Estate
    Broker reciprocity icon
  6. 3 beds, 2 baths
    Home size: 1,818 sq ft
    Lot size: 33,976 sqft
    Listing provided by Coldwell Banker Evergreen
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  7. 3 beds, 2 baths
    Home size: 1,434 sq ft
    Lot size: 9,147 sqft
    Listing provided by Windermere RE Puyallup, Inc
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  8. 2 beds, 1 bath
    Home size: 838 sq ft
    Lot size: 3,920 sqft
    Listing provided by John L. Scott R.E. Lake Tapps
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  9. 2 beds, 1 bath
    Home size: 964 sq ft
    Lot size: 5,227 sqft
    Listing provided by Keller Williams West Sound
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  10. 2 beds, 1 bath
    Home size: 768 sq ft
    Lot size: 6,534 sqft
    Listing provided by Allied RE Services, LLC
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  11. 2 beds, 0 baths
    Home size: 1,329 sq ft
    Listing provided by Windermere RE West Campus Inc
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  12. 2 beds, 1 bath
    Home size: 853 sq ft
    Listing provided by Berkshire Hathaway HS NW
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  13. 2 beds, 1 bath
    Home size: 853 sq ft
    Listing provided by Berkshire Hathaway HS NW
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  14. 3 beds, 0 baths
    Home size: 1,996 sq ft
    Lot size: 10,454 sqft
    Listing provided by Real Home Network
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  15. 1 bed, 1 bath
    Home size: 605 sq ft
    Listing provided by Home Team Northwest
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  16. 0 beds, 0 bath
    Home size: 2,040 sq ft
    Lot size: 6.10 ac
    Listing provided by Windermere Real Estate Olympia
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  17. 4 beds, 1 bath
    Home size: 1,652 sq ft
    Lot size: 5,227 sqft
    Listing provided by Crescent Realty
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  18. 2 beds, 1 bath
    Home size: 936 sq ft
    Lot size: 6,098 sqft
    Listing provided by Pacific Premier Real Estate
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  19. 3 beds, 0 baths
    Home size: 1,485 sq ft
    Lot size: 6,098 sqft
    Listing provided by Prodigy Real Estate Inc.
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  20. 3 beds, 0 baths
    Home size: 1,392 sq ft
    Lot size: 7,840 sqft
    Listing provided by Signature Service RE Olympia
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  21. $190,000 : 1101 E 56, Tacoma
    4 beds, 0 baths
    Home size: 2,712 sq ft
    Lot size: 10,454 sqft
    Listing provided by Keller Williams Realty
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  22. 2 beds, 2 baths
    Home size: 1,260 sq ft
    Listing provided by Keller Williams Realty
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  23. 3 beds, 2 baths
    Home size: 1,387 sq ft
    Lot size: 11,325 sqft
    Listing provided by John L. Scott, Inc.
    Broker reciprocity icon
  24. 3 beds, 0 baths
    Home size: 1,387 sq ft
    Listing provided by Caliber Real Estate
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  25. 2 beds, 1 bath
    Home size: 873 sq ft
    Lot size: 2.59 ac
    Listing provided by Dream Weavers Inc.
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  26. 3 beds, 0 baths
    Home size: 1,344 sq ft
    Lot size: 4.00 ac
    Listing provided by Thunderbird Real Estate
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  27. 3 beds, 2 baths
    Home size: 1,077 sq ft
    Lot size: 2.50 ac
    Listing provided by RE/MAX Town and Country
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  28. $199,999 : 8817 A St, Tacoma
    2 beds, 1 bath
    Home size: 890 sq ft
    Lot size: 18,730 sqft
    Listing provided by Keller Williams Tacoma
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  29. 3 beds, 0 baths
    Home size: 2,556 sq ft
    Lot size: 14,810 sqft
    Listing provided by John L. Scott, Inc.
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  30. 0 beds, 1 bath
    Home size: 710 sq ft
    Listing provided by REcord LLC
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  31. 2 beds, 0 baths
    Home size: 1,164 sq ft
    Listing provided by Keller Williams Realty PS
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  32. 2 beds, 0 baths
    Home size: 972 sq ft
    Listing provided by Dimension Properties
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  33. 2 beds, 1 bath
    Home size: 840 sq ft
    Lot size: 5,662 sqft
    Listing provided by Keller Williams Realty
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  34. 5 beds, 0 baths
    Home size: 1,372 sq ft
    Lot size: 9,147 sqft
    Listing provided by Owners.com
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  35. 2 beds, 1 bath
    Home size: 624 sq ft
    Lot size: 4,791 sqft
    Listing provided by Coldwell Banker Evergreen
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  36. 3 beds, 1 bath
    Home size: 1,178 sq ft
    Lot size: 6,969 sqft
    Listing provided by Universal Realty Advisors
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  37. 3 beds, 0 baths
    Home size: 1,128 sq ft
    Lot size: 14,374 sqft
    Listing provided by John L. Scott, Inc.
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  38. 2 beds, 0 baths
    Home size: 1,356 sq ft
    Lot size: 16,988 sqft
    Listing provided by RE*USA LLC
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  39. 2 beds, 0 baths
    Home size: 960 sq ft
    Listing provided by Better Properties Olympia
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  40. 3 beds, 0 bath
    Home size: 1,248 sq ft
    Listing provided by Abbey Realty Inc
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  41. 2 beds, 2 baths
    Home size: 1,248 sq ft
    Listing provided by Windermere Real Estate Yelm
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  42. 2 beds, 1 bath
    Home size: 784 sq ft
    Lot size: 10,454 sqft
    Listing provided by Countryside Real Estate
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  43. 2 beds, 0 baths
    Home size: 1,056 sq ft
    Listing provided by Windermere RE West Campus Inc
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  44. 3 beds, 1 bath
    Home size: 1,104 sq ft
    Lot size: 4,356 sqft
    Listing provided by Owners.com
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  45. 3 beds, 2 baths
    Home size: 1,228 sq ft
    Lot size: 7,405 sqft
    Listing provided by Crescent Realty
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  46. 3 beds, 2 baths
    Home size: 1,248 sq ft
    Lot size: 10,018 sqft
    Listing provided by Century 21 Northwest
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  47. 3 beds, 1 bath
    Home size: 960 sq ft
    Lot size: 10,018 sqft
    Listing provided by Keller Williams Realty
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  48. 3 beds, 1 bath
    Home size: 1,086 sq ft
    Lot size: 6,969 sqft
    Listing provided by Berkshire Hathaway Sound Rltrs
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  49. 2 beds, 0 baths
    Home size: 1,256 sq ft
    Lot size: 13,068 sqft
    Listing provided by Elite Properties
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  50. 2 beds, 1 bath
    Home size: 968 sq ft
    Lot size: 9,147 sqft
    Listing provided by Windermere Real Estate Olympia
    Broker reciprocity icon

See all Homes For Sale <$200k T & P Co..
(all data current as of 6/26/2017)

Listing information deemed reliable but not guaranteed. Read full disclaimer.

 

 

Yelm Home for SaleIn our last newsletter I discussed the current bank owned property inventory, and aggressive pricing by the banks.  The aggressive pricing seems to have had the desired effect.   A large part of the foreclosure inventory that piled up in November and December is sold, and default (pre-foreclosure) numbers in the JBLM Region have declined, especially in Thurston County (Info from Realty Trac) .  If you have been actively watching foreclosure listings, you have probably noticed that many (attractive and/or well priced) homes are no longer showing up in your search.  Of course the overpriced/junk is still out there!

There will of course be many, many more foreclosures over the next couple of years, but at least the tide seems to have turned.

I have been making noises about housing shortages for the past 6 months or so, and the inventory is starting to show signs of shortage primarily in finished new construction.  Several years ago, banks were allowing builders to pile up inventory…no longer.  Most of our local builders (Quadrant and Horton don’t fit this category) are now finishing one home, pouring the foundation on the next, and then being forced to stop until home #1 sells.  Additionally, while we still have a fairly large inventory of existing homes, much of what is out there has been picked over, and buyers are becoming more aggressive in bids on the more desirable properties.

Delays in new construction will push buyers to existing homes, especially relocating military buyers who’s alternative is a hotel.  More demand for existing homes, and a picked over inventory, may result in increasing home prices as we move into the summer.   With thousands of new arrivals expected to report to Ft. Lewis this year, our primary demographic (Close to JBLM, 1500-2000 sf, 3/4 bed 2/3 bath) is bound to be in more demand this year than last, when over half the population of the base was deployed.

While this is still very much a buyers market, things are looking up for potential sellers.  As we get further into spring and summer, I believe that we will see a sellers market situation for those wishing to sell, but only for those with desirable/well priced properties..

 

 

 

 

 

Should You Rent or Buy a Home?

If the time is right, its time to buy.

Been Trying to Time the Bottom….Looks Like Times Up

Have you been watching the market for signs of the bottom, or watching in anticipation of moving to Washington?  If you have, then you have likely noticed major changes in the local housing inventory.  Inventory is below “normal” in the lower price ranges, and we are seeing quick sales and multiple offer situations on attractively prices homes across the board.

What is driving the current uptick in the Real Estate  market…Well, Boeing is selling airplanes like crazy, JBLM is growing by 20% or more this year, and everyone in California is still trying to move to Washington.  The other very significant factor is pent up demand from buyers of all sorts, and from numerous sources.

In addition to real estate investors wanting to take advantage of good prices and low rates, there is pent up demand from people wanting to trade up, down, and sideways.   Know anyone who lost money in the stock market in 2008?  There are lots of folks who did, and who think it makes sense to add a couple of rental homes to the retirement portfolio…and they seem to think it is time to do so.  Whatever the reason, homes are selling, and the real estate market “feels” better to me than it has in several years.

There are plenty more good deals, distressed homes and foreclosures yet to come on the market, but if current activity is any indicator, things are changing quickly and dramatically.  Barring another fumble by our national leadership, or major disaster, it looks like real estate in western Washington is on the rebound.  Time will tell…

 

 
Buyer Financing Options

Home Buyer Financing Options

When you buy a car the dealers have in-house financing options available for your purchase. This makes it convenient and assures your purchase will go through in a timely manner. You trust the dealer you have chosen to work with has identified the best financing options for you.

Why not do the same when selling a home? We market your home with a financing plan in place. As part of my marketing plan for your home I team up with a local lender, Ward Lending Group, that has been a pillar of the local business community for the past 20 years. We prepare loan data and promote incentives for potential buyers that will make them more confident about purchasing your home.

When a prospective buyer views your home online or in person, they will be exposed to materials explaining that we will help them obtain financing, along with rate and payment information that demonstrates just how affordable your home is. Many buyers, especially first time buyers, are intimidated by what seems to be the daunting task of obtaining financing. We provide them with the knowledge and information to remove the fear of rejection and show buyers they can get financing. We are prepared to make transactions happen for the buyer which helps you sell your home.

“Our buyers DON’T fail due to qualifying/financing.”

 

Investing in real estate as an owner occupant, a great opportunity for novice investors to enjoy the best of both worlds

Article By Phil Sharp Printed in the Olympian Newspaper

Investing in real estate has always been considered the key to wealth in this country, and investing in real estate in Thurston County has made many investors very wealthy over the past few years.  The local market has grown astronomically, when put into perspective with other markets around the country, and the local market is still booming.

The question asked by those who see this growth ( and haven’t seen it in the stock market lately) is “how do I get started”.  A great way to do

Invest in Real Estate as a Home Owner

Investing in Real Estate as Owner/Occupant

so is as an owner occupant of Multi-family housing.  Duplexes, tri and four plexes may be considered by lenders to be “owner occupied” if the owner lives in one the units.  The benefits to the owner are numerous, and allow buyers to get into the fabled “zero down or close to zero down” deal.  Other benefits include tax advantages of owning your own home, no capitol gain tax if you own and reside in the home for two years, and potentially having your tenants pay all or a part of your living expense.

Typically, real estate investors pay 10 percent or more in down payments for investment properties.  This number can go beyond 20 percent depending upon the type of property, its use etc.  As an owner occupant, 95, 97, and even 100 percent of the loan to value (LTV) is common.  What this means is that if the four-plex you would like to buy and live in is financed at 97% LTV, and we assume that your four-plex is valued at $200,000, your cost to purchase would be $6000 (3% of $200,000), and your lender would finance the remainder of the cost of the property.  You could expect to pay an additional 3% in closing costs making your total purchase cost $12,000.  Twelve thousand dollars is a lot of money?  The bette3r your credit is will determine how much you can borrow, and at what interest rate.  I mentioned earlier that 100% owner occupied loans are available, some will even roll closing costs into the loan, making your deal truly ZERO down!

IT GETS BETTER:

  • If you own your own home, whether it is single or multi family, you can deduct from your taxes all of your interest payments and depreciate the value of the dwelling over the course of its useful life.  Using the $200,000 example, the approximate annual mortgage interest expense would be $12,000, and depreciation would be about $6600, an $18,600 tax deduction.
  • Investors pay capitol gains taxes when they sell property, and can’t avoid it.  If the property is owned for less than one year, income tax is paid, which is significantly higher than capitol gain.  As an owner occupant, residing in the property for a minimum of two years, the IRS has a provision that allows you to pay no tax on the gain in your property.   Going back to the $200,000 property:  Property is purchased for $200,000 (all expenses in closing the purchase are deductible), assume that the property is held for five years, and that it appreciates at 10% per year (that may seem like a large percentage, however, many investors have experienced 12-14% gains in our area over the past 5 years), so the property is sold for $300,000.  As an investor, the tax liability is 15% of 100,000, or $15,000.   As an owner occupied residence, the tax liability is zero.
  • Who pays the rent?  This is where it gets really good.  Going back to the $200,000 example, the monthly payment; principle, interest, taxes, insurance (PITI), on a property of this value would be approximately $1600 (based on a 6% interest rate and estimated cost of insurance and property taxes).  Assuming that each unit rents for $600 per month, rental income from three units would pay the mortgage payment, and put $200 per month back into your pocket.  All of a sudden, you, the home owner is living in a building with no payment, and are actually making money every month for the effort.

So, all of this is great.  Does anybody else know about it?  Absolutely!!  In order to pursue and acquire a property that will work for you, you must prepare yourself to act.  Action is what intimidates investors who dream, and invigorates those that succeed.   First, meet with a lender, get pre-approved and determine what your ability is as a buyer.  Second, establish a relationship with a real estate agent that will comb the market for your potential home (A good agent should also be in tune with lenders, and may be your best source in locating a local mortgage lender).   Finally, be patient, and be prepared to act.  The real estate market in our town is on fire.  Homes available are not keeping up with demand, and inventory is low.  You and your agent will need to pursue every opportunity, and be prepared to make an offer on a moments notice…good deals go quick.

Investing in real estate can be fun, and profitable.  The added benefit of living in your investment is obvious, and can start helping you build the leverage needed to continue investing in additional properties.  As you get into your first investment, you will start to learn the creativity and skills that have made many investors rich; remember, however, none of that creativity and skill is magic, just knowledge and insight that is easily gained by talking to the right people, your real estate agent and lender are the first and primary sources for the information you need to succeed.  GOOD LUCK!!

Phil Sharp is a Realtor/Broker in Olympia, his investment company, Sharp and Sharp Holdings LLC, has invested successfully in Real Estate in the Olympia area  six years.  He can be reached at 360-970-9977, or via email at Phil@PhilSharpHomes.com. (Contact information updated from original article)

 

EVALUATING INVESTMENT PROPERTY:  CAP RATES, CASH FLOW AND APPRECIATION

Article by Phil Sharp Printed in the Olympian Newspaper

Many clients ask me to assist them in evaluating potential investment properties.  One question that comes up repeatedly is “What is the correlation between the Cap Rate and Cash Flow”.  My response is that, generally, they are not correlated; rather they measure different aspects of a property, each of which is useful to investors.  And other factors, such as appreciation, should be taken into account before an investment decision is made.

First, the Capitalization Rate (CAP Rate) represents the percentage annual rate of return before mortgage payments and income taxes on the total investment.  Cap Rates are primarily used to compare a property to similar ones in the market (both recently sold and for sale).  The Cap Rate (CR) is a ratio calculated by dividing the annual Net Operating Income (NOI) before debt service by the market value (MV).  The formula is CR = NOI ÷ MV.

For example, a duplex listed at $300K (the MV), with a NOI of $28K, based on gross operating income of $40K minus property taxes ($4K),

Investing in Real Estate

Get on the Right Path to Real Estate Investment

insurance ($2K), owner-paid utilities ($2K), vacancy allowance ($2K) and anticipated maintenance ($2K), yields a Cap Rate of $28,000 ÷ $300,000 or 9.3%.  Note that the NOI is determined, in part, by information provided by the seller.

The Cap Rate formula is a powerful tool.  As we all learned in algebra class, if you know two of three values, the third can be calculated. For example, if you know the CR that you want to obtain and the NOI of a property you can determine the MV a specific Cap Rate and NOI support using this formula: MV = NOI ÷ CR.  Similarly, you can determine the NOI required to for a property given a target Cap Rate and the listing price using this formula: NOI = CR x MV.

As the above examples illustrate, Cap Rates are very effective in evaluating one  property against others in the market, but Cap Rates don’t tell us anything  about what a property will earn on a month to month basis as NOI does not include the cost of capital, i.e., the debt service for principal and interest..  Additionally, depreciation and other tax benefits are ignored, as are capital improvements.

This is where a second tool, Cash Flow Analysis, helps investors:  To determine estimated cash flow simply deduct from the NOI the debt service (principal and interest), add back in any tax benefits (such as depreciation), and factor in any special circumstances:   Further consideration should be given to the tax advantages of real estate ownership, which are substantial (please consult your tax advisor), and to annual property appreciation rates.

Finally, both Cap Rates and Cash Flow Analysis are “snapshots” in time.  Appreciation rates however are forward looking and should be part of your evaluation.  Appreciation rates in the Olympia area real estate market are driving investors to accept lower Cap Rates (and lower monthly returns) in return for higher future property valuations.  As an investor I must factor in appreciation to realistically evaluate Cap Rates and annual cash flow in order to see if the overall financial picture they reveal fit my investment goals.  Fortunately, our market has experienced appreciation rates of 6-12% a year for several years and I see no reason to expect a slowdown.  We are located directly in the growth path for western Washington, and recent market appreciation rates reflect that fact. So I recommend that you add an appreciation rate (both for future rents and market value) that you are comfortable with into your calculations and see what that does for the bottom line.  I personally feel comfortable with 6% a year for the foreseeable future.

Phil Sharp is an Agent/Broker in Olympia, this article was co-authored with his brother, Malcolm Sharp; their investment company, Sharp and Sharp Holdings LLC, has invested successfully in Real Estate in the Olympia area for  six years.  Phil can be reached at 360-970-9977, or via email at Phil@PhilSharpHomes.com. (Contact information updated from origional article)

 

Lender InfoQ: I am looking to PCS to Fort Lewis after I finish this deployment. I would like to buy my first home in the area. I have no clue as to what I need to do to get started; so far I have just been looking at homes and the prices in the different areas. I am tired of renting and I would rather my BAH go towards a house payment than to a rental. What I would like is a 3 bed, 2 bath home with a large garage for 2 vehicles. This might be a out of my range as I have no idea as to what I might be able to get on a home loan, I have 10 years in the army and just reenlisted for another 5 so job security is good. Any help would be grateful.

A: Thanks for contacting me, and thanks for your service.

As you say, the first step is to get qualified for financing.  I use a local lender in Olympia, she is very good at what she does, and works with military (long distance) a great deal.  Her name is Jan Ward, janw@wardlg.com.  I would contact her by email and get the ball rolling that way.  She can qualify you via email.

A local is lender is nice to have in these difficult economic times…someone you can reach out and touch.

The first thing she will ask for (if you are planning to use your VA guarantee) is your VA certificate.  Your PAC or PSB can get this for you.  She will also request other financial info, and your authorization to pull your credit.  Keep in mind that you will want a comparison of VA versus Non-VA.  VA loans are about the only loans that will go zero down nowadays, but they cost more to process.  Ask for a Good Faith Estimate for both conventional and VA…federal law requires that a lender provide this document.

A good middle of the road price range for the home you describe is 200-220K.  At current interest rates (about 4.5%), your estimated payment on a 220,000 home would be about $1300.