Seattle Real Estate Professional
Dave entered the real estate field after spending the past 27 years in the commercial banking industry, where he used his passion for helping people to enable his clients to achieve their goals, in both their businesses and personal financial lives. He was always available to his clients, even during non-banking hours. He was also the key person for his banks in their outreach into the community, through the various chambers of commerce and civic groups and has served on several different boards, including senior centers, community service clubs, and museums. A native of Seattle who grew up in the Greenlake area, Dave has seen the building of I-5 through the city and the growth that has boomed there. After moving away to central Washington for 16 years, he returned back to live on the Kitsap penninsula in 1989 and later moving to Everett in 2005. In his prior career he worked in the cities of Bremerton, Tacoma, Lynnwood, Marysville and Arlington. This has allowed him to expand his knowledge of the residential areas surrounding Seattle. Being multi-talented, he can work with business owners looking to purchase or build their first commercial property or find a property to house their expanding business, while also helping to find the residence that they've always wanted. His knowledge of finance can also be of assistance for investors looking to find income producing properties. Dave is excited to be doing the work that allows him to live his passion...Helping people achieve their goals!
Contact Information
- On the web:
- Email:
- dave@seattlepowersearch.com
- Telephone:
- 425-213-6411
My Posts/Listings
Investor 101: Putting it All Together
Putting the Basic Factors Together Sorry it’s been so long since the discussion about debt service coverage ratios, but it’s now time for the next part. In determining how you evaluate potential commercial projects/acquisitions, there are many factors including but not limited to: the capitalization rate aka cap rate; debt service coverage rates; cash flows; expenses; and deferred maintenance.... [Read more]
Living in the Rainier Valley
Life in the Rainier Valley A lot of Seattlites have never been to the Rainier Valley and they are missing a lot. Nestled below Beacon Hill is one of the most intreging areas of urban improvement and a spectacular life. Driving down the main thoroughfare from downtown Seattle, Martin Luther King Way S., you’ll see a considerable amount of new housing, condominiums, urban parks and rapidly... [Read more]
Investor 101: What is a Debt Service Coverage Ratio?
Why do I need to know about the Debt Service Coverage Ratio? In the course of purchasing commercial property or large multi-family properties, investors will run into the “Debt Service Coverage Ratio” (DSCR) and wonder what exactly does it do and why is it so important to the lending institutions. First of all, the DSCR is a quick measure of how many times the Net Operating Income(NOI)... [Read more]
What’s it Like Living in Seattle?
Is Seattle a nice place to live? The other day, I was asked by a client what kind of city Seattle is and why would I live there? Now that’s quite a question and not one normally that can be answered without writing volumes and volumes. Having lived here the majority of my life, I take things for granted. So I started to think what makes Seattle the city that it is. For one thing, it... [Read more]
Seafair is Back!
Seafair in Seattle is Roaring to Life! Yes, it’s that time again Seattle, the U.S. Navy Blue Angels are back in town. And, if you haven’t heard already, the Fun in the Sun at Seattle Seafair thunderboats are back on Lake Washington. It is truly a spectacular time of year. Seafair is a celebration in Seattle that is truly the highlight of the year. The City is shown off like no other... [Read more]
Investor 101-What is a “Cap Rate” and What Does It Mean to Me?
Facts and Fiction about “CAP” rates. After spending many years in the commercial banking industry and making the jump to real estate, it was very interesting to me that many people do not know what a “Cap rate” is. First and foremost, it is NOT an indication of or a fixed rate of return. “Cap Rate” is short for capitalization rate or a mathmatical rate that is... [Read more]
Sales, Interest Rates, Activity…Has the bottom been reached?
Sales increasing, Interest Rates rising, Increased Market Activity,What Does it Mean? Since the beginning of the year, the interest and activity in what is often referred to as the Greater Seattle area (King, Snohomish, Pierce and Kitsap Counties), has steadily increased. Is this the normal Spring rush or is it finally the beginning of a recovery that has long been awaited? During April and May,... [Read more]
Buyer’s Remorse vs. Non-Buyer’s Remorse
It is typical for every purchaser of goods to feel some remorse over the price they paid, color of the object, the options they should have gotten…etc which we call “Buyers Remorse”. Now there’s another feeling that people go through call “Non-Buyers Remorse”, which is caused by missing out on a purchase by waiting for various reasons. Is it any more or less... [Read more]
Real Estate Investing in the Current Market
The state of the real estate market has been hammered in the news for the past couple of years as extremely negative. Blame was being passed out to nearly everybody and in reality, it was greed, greed, greed. People were buying outside of their ability to pay, and too many lenders were allowing them to do so. But, the government was also promoting home ownership and providing ways for everyone... [Read more]
Seattle Professional Sports Scene
Seattle has always been the professional sports mecca in the Pacific Northwest. Even after losing the Seattle Supersonics of the NBA, we still have the Seattle Seahawks and Seattle Mariners (currently in 1st place) the only professional teams in the National Football League and Major League Baseball, respectively in the Pacific Northwest. We also have the Seattle Storm of the WNBA and a winner... [Read more]
