Hot and Burning HOME OWNER!

HELLO MY FRIEND!
Let me tell you one thing. Owning a home for the first time just is just like the first time you get your ear pierced – black hole! I just want to keep throwing money at it: buy furniture, fix garden, add a yard, how about a new patio… It’s bad, my friend. 😛
This is part of me looking for excuses not to update this blog for almost 2 month! It’s my dad’s fault! Daddy visited me late July, built me a fence, cleared and leveled part of my back yard – daddy rocks. 
(Isn’t he the cutest ever?)
So to get back to my marketing plan. First of all, I must register an account with Bigger Pocket! Check me out and add me https://www.biggerpockets.com/users/Fei_InSeattle!
I plan to start marketing within 2 weeks, 10 post cards a week, resend every 3 weeks. I will keep you posted on my marketing results! 

What to Expect From a Lender in Closing

Trust me.

I am currently going through underwriting with my lender. This is a 5% down conventional loan on a $415,000 house.

Oh yes they call your boss. (or your HR)
Oh yes they ask for your employment verification form.
Did your parents help with the downpayment? Oh yes they want to know how did they make that money and they want to see their bank statements too.
Are you self-employed? Oh yes, they need twice as much documents as that a regular employee.
Did you use inspection report to bargain with the seller? Oh yes they want a contractor to sign a letter saying everything is okay, and they will fix that this week.
Conditional approval? Congrads, they are going to come back for more.

Have you borrowing!

(I am so doing seller financing from now on.)

Landlord – are you terrified of vacancy?

Oh yes you do.

A good landlord should:
– have a professional accounting system (so you know your money is being recorded properly)
– have a legal binding lease agreement (so you know your rights are protected)
– have a move-in & move-out inspection form (so you don’t have to argue about carpet cleaning/junk removal)
– have a reliable handyman (so you know the service is fair and trust-worthy)
– is available to gossip with you when needed!

🙂 Befriend your landlord!

(Landlords, these conditions applies to you as well.)

Power of Delegation – Virtual Assistant

Can’t believe it! I actually hired a virtual assistant from the Philippines!

I have delegated some of my “busy works” to the assistant so that I can sit back and do my marketing! So far the assistant has been doing a great job. She saved at least 3 hours of my time so that I were able to go see 2 houses today and run some bank errands 🙂

What is virtual assistant? What can he/she do for you? My virtual assistant is helping me with simple research, graphic edit, and document edits work right now, in the future, I will ask my virtual assistant to respond to phone calls to collect buyer & seller information, compile background reports, etc!

A good virtual assistant is punctual, professional, and he/she can communicate effectively. If you are interested, let me know. I am happy to introduce you!

Living in Greenwood (Demographics – 2010 Census updates)

Where is Greenwood??
Greenwood is the neighborhood between Aurora Ave N and 8th Ave NW, from 75th to 135th St. 
Greenwood is a booming market. It constitutes zipcode areas 98103, 98133 and 98117. I have organized some demographic data from the 2010 Census. (You won’t find this on Zillow! My Econ degree is coming to play hah)
Here is the 2010 Census data. Over the past 10 years, Greenwood has attracted 10% more families (2+ household). In the 2000 Census, there were about 42.2% households with only single persons. And only 17.8% of the households has children. By 2010, census shows 31.8% of the households in Greenwood now has children! 
Source: Zilliow.com; demographic information comes from data in the 2000 U.S. Census.
Thanks for reading! Please let me know if you believe there is a misinterpretation of the census data on my charts or you see a way to improve them! I appreciate your suggestions!
Next time I will pick a few houses for sale in Greenwood, and we can talk about them 🙂
See you soon!

Living in Greenwood (To Be Continued…)

Spoiler alert! I have been living in Seattle for the past 7 years. I lived in U District (bought my first piece of furniture, a old old wing back chair from a lady in Bryant), Northgate, Central District (23rd and Jackson), and now Greenwood.

I enjoy living in the North Seattle area. But out of the 4 neighborhoods I lived in, Greenwood is my favorite. Hold your breath! (maybe not for too long, just a little bit) I would love to give you a short review on Greenwood, tomorrow!

First, please let me show my love for.. BEER. 😉

Naked City is AWESOME. Have you heard of the Humor Program yet? Comedy every third Sat. Are you coming? 😉 Hit me up!

Again, Naked City Brewery – Walrus Beer Garden for the Summer

So many cute and fun stores to look at on Greenwood Ave. 

More to come. Thx!!

How Immigrants Boots U.S. Housing Market

Immigrants Boost U.S. Economic Vitality through the Housing Market | AS/COA

Everyone knows the legendary housing price in Vancouver BC is majorly an result of wealthy immigrants buying homes – booting demand. This is also true in the U.S.. However, just how much demand had correlate to the number of new immigrants in an area? This article finds out for you.  Interestingly, you can see the numbers yourself via an interactive map.

Put your own zip code and find out!

5 Networking Mistakes Almost Everybody Makes

Have you made these mistakes before? Of course! I probably learned each and every one of them in the hard way! Read on and do not trip over where I did!

5 Networking Mistakes Almost Everybody Makes

By: Jeff Haden.   Jeff Haden worked in manufacturing for twenty years and is a bestselling ghostwriter and featured columnist for Inc.com.

Everyone tries to network. Few people do it well. Most make the same basic mistakes.

Here’s what not to do when you want to expand and leverage your network:

1. Try to receive before you give.

The goal of networking is to connect with people who can help you make a sale, get a referral, establish a contact, etc. When we network, we want something.

But at first, never ask for what you want. (In fact you may never ask for what you want.) Forget about what you can get and focus on what you can provide. Giving is the only way to establish a real connection and relationship.

Focus solely on what you can get out of the connection and you will never make meaningful, mutually beneficial connections.

When you network, it’s all about them, not you.

2. Assume others should care about your needs.

Maybe you’re desperate. Maybe partnering with a major player in your industry could instantly transform red ink into black. No one cares. No one should care. Those are your problems and your needs.

Never expect others to respond to your needs. People may sympathize but helping you is not their responsibility. The only way to make connections is to care about the needs of others first. Ask how they’re doing. Ask what could help them.

Care about others first; then, and only then, will they truly care back.

3. Take the shotgun approach.

Some people network with anyone, tossing out business cards like confetti and sending connection requests like spam.

Networking isn’t a numbers game. Find someone you can help, determine whether they might (someday) be able to help you, and then approach them on their terms. Carefully select the people you want to network with.

And keep your list relatively small, because there is no way to build meaningful connections with dozens or hundreds of people.

Networking is like marketing: Targeting is everything.

4. Assume tools create connections.

Twitter followers, Facebook friends and LinkedIn connections are great—if you actually do something with those connections.

In all likelihood your Twitter followers aren’t reading your tweets. Your Facebook friends rarely visit your page. Your LinkedIn connections aren’t checking your updates.

Tools provide a convenient way to establish connections, but to maintain those connections you still have to put in the work. Any tool that is easy or automated won’t establish the connections you really need.

Use a tool to help make an initial connection, but then go old school to make a real connection.

5. Reach too high.

If your company provides financial services, establishing a connection with Warren Buffett would be awesome. Or say you need startup capital; hooking up with Mark Cuban would be awesome.

Awesome… and almost impossible.

The best connections are mutually beneficial. What can you offer Buffett or Cuban? Not much. You may desperately want to connect with the top people in your industry, but the right to connect is not based on want or need.

You must earn the right to connect. Find people who can benefit from your knowledge and insight or your connections.

The “status” level of your connections is irrelevant. All that matters is whether you can help each other reach your goals.