Douglas Owens

AN ALERT FOR LANDLORDS OF SECTION 8 TENANTS: FEDERAL LAW TRUMPS THE UNLAWFUL DETAINER STATUTE

A recent case decided by the Washington Court of Appeals has restricted the rights of landlords to evict Section 8 residential tenants for minor lease violations. Ordinarily, if a residential tenant violates a provision of the lease other than the payment of rent, the landlord can recover possession of the premises by serving a notice …

AN ALERT FOR LANDLORDS OF SECTION 8 TENANTS: FEDERAL LAW TRUMPS THE UNLAWFUL DETAINER STATUTE Read More »

IF IT SEEMS TOO GOOD TO BE TRUE… DEVELOPMENTS IN FORECLOSURE AUCTION INVESTING

A recent court case has again illustrated the wisdom of the old saying, “If it seems too good to be true, maybe it is not true.” This case involved an experienced real estate investor who became interested in a property that was the subject of a Notice of Trustee’s Sale. The property which included land …

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ASSIGNING PURCHASE AND SALE CONTRACTS – IS THIS THE UNLICENSED PRACTICE OF REAL ESTATE ACTIVITIES?

Some investors “wholesale” properties in such a way as to avoid ever taking title themselves and in order to do this they assign the purchase agreements they have made with sellers to other buyers, prior to closing. Such investors avoid paying a second real estate excise tax (as would occur in a “double closing”). The …

ASSIGNING PURCHASE AND SALE CONTRACTS – IS THIS THE UNLICENSED PRACTICE OF REAL ESTATE ACTIVITIES? Read More »

A NEW ITEM FOR THE INVESTOR’S PRE BUY CHECKLIST – TREE ROOTS UNDER THE SIDEWALK

You may have seen residential neighborhoods with sidewalks that have some portions that look as if they were lifted by tree roots. Sometimes these lifted sections can be tripping hazards. But that is the city’s problem, right? Not necessarily, according to a recent case. If you invest in residential property in areas in Washington that …

A NEW ITEM FOR THE INVESTOR’S PRE BUY CHECKLIST – TREE ROOTS UNDER THE SIDEWALK Read More »

CONDOMINIUM INVESTING PAY HEED TO THE NEED TO “LOOK UNDER THE HOOD” BEFORE BUYING

Condominium investing as a buy and hold strategy can be very worthwhile. There is a building, and a unit in that building which you rent to a good tenant, and providing you purchase at the right price, life is good. The tenant’s rent pays the mortgage, taxes, insurance and homeowner’s association dues and some increment …

CONDOMINIUM INVESTING PAY HEED TO THE NEED TO “LOOK UNDER THE HOOD” BEFORE BUYING Read More »