Absolutely not! We consider a number of factors when contemplating the current Bellingham and Whatcom County investment opportunities. Punished properties, high CAP rates, low interest rates, low prices, a strong Canadian dollar, high inventories, failed condo complexes, short sales, foreclosures and bank owned properties. It may sound gloomy, but it sure spells opportunity!
Whether it is a 96 unit apartment building, a 4plex or a cute fixer with great rental potential. Bellingham investment opportunities abound! But, before you forge ahead there are a few things to consider.
What are your investment goals? Cash-flow, passive income, equity gains, a hobby, retirement income, employment (fixing properties) or fun - just to name a few. Where is your fit? We like to help our Bellingham clients understand these before we begin the search. What is your tolerance for risk? After the last few years we imagine they are fairly low. :-)
Doug teaches 2 classes on investing to Realtors in Whatcom County called Investing 201 and 301. This blog will pass those lessons on and help you through the process to making great Bellingham real estate investments.
Our approach is designed to help agents and investors become an expert on investing. We would also like to hear success stories and get ideas to share. We are happy to provide feedback on opportunities you have uncovered. So whether you are a Realtor working with investor clients or an investor looking to buy or sell, lets compare notes, strategize and win! Let's have some fun along the way!
Best Doug and Lorena Foster - May 2010. Bellingham Real Estate Investing Experts