It’s the kind of place you can sit and read incognito, be online (they have wifi) , have coffee with a friend or not. The kind of place you can sit alone and watch the world go by while sipping tea and, of course, nibble on one of their luscious pastries. From the simple to the extravagant, cookies to tortes to breads to wedding cakes, all freshly made from scratch.  In fact today is Friday and they serve a couple of their specialty breads on Friday, Ryan’s Loaf and Multi-grain. Perfect with a bowl of soup, except today they ran out of their Split Pea Soup.  Ces’t La Vie!!! but their menu includes several quiches, fresh salads from green to pasta or fresh vegetable salads and the fun part, their menu changes daily.  Hmmm, decisions, decisions, well as the saying goes, life is unpredictable so eat dessert first. and I did.  Gateau au Chocolat, a rich layered, 4 layers to be exact of chocolate cake layered with and covered with chocolate ganache! all I can say is mmmmmmmm. Mouthwatering scrumptious!  and all those anti-oxidants did my body good!

La Vie en Rose is in downtown Bellingham on Holly st.   A wonderful and relaxing place to stop and unwind after window shopping or a great way to start the day.    Bon Appetit!

For  more information about Bellingham’s wonderful eateries, Bellingham Homes for Sale, or Bellingham real estate you can contact me here or via my mobile #,  360-303-3898.  We could meet at La Vie en Rose and discuss your real estate goals or just chat!

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111 w. Holly St.
Bellingham, WA 98225

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• How about a nice remodeled craftsman bungalow?
• Or maybe a water-view condo with easy beach access?
• Perhaps that Lake Whatcom waterfront estate with a dock for your boat?
• Maybe a Fairhaven fixer project?
• Maybe a nice little cottage on the water in Birch Bay?

Just imagine the surprised and happy looks you’ll get when they tear the wrapping off of that huge box under the tree on Christmas morning! Just be careful when you try to explain the inherent paradox of Santa coming down the chimney of your house while carrying another house in his sack…it might get a little messy with the kids. Go ahead and dumb it down for them, if you like…

There is still time left to shop! Operators and lightning-fast escrow officers are standing by:

*first 5 callers will receive a free 100 yard spool of giant ribbon! (green, red, or sparkly silver)

Happy Holidays from Rob LeRoy and eXp Realty!  You can reach me any time at 206.883.6668 or by e-mail at rob.leroy@exprealty.com

Rob LeRoy is a Seattle real estate agent and social media marketing coach with eXp Realty.

I went to Western Washington University, here in Bellingham, so I will use it as an example, though the numbers would likely look quite similar in just about any college town. Rates per person at Western’s dorms run roughly $500 (3 kids in a room) to $800+ (single occupancy) per month, NOT including food expenses.  Rental rates anywhere near campus run about $400-600 a month per room, depending on the number of rooms.  Studios and 1-bedrooms are commonly $700-900/month, whereas you might find a decent  3-bedroom for $1400.   Let’s be conservative and say it’s about $600/month on average, per room. Over 4 years (48 months) that’s almost $30,000(!) that you will NEVER get back.  As Everett Dirksen famously said,“ A billion here, a billion there…pretty soon you’re talking about real money!”

Consider this:  Right now, you can buy a 1-bedroom, 600 square foot condo, built in 2006, less than a half-mile from Western Washington University, for $140k.  With 20% down at 6% interest, the monthly payment, which includes taxes, insurance, and HOA dues (W/S/G) comes to about $925, leaving only electricity and cable for expenses.  Sounds like kind of a lot, doesn’t it? Let’s take a closer look.

• Similar units in this building are currently renting for between $725 and $800.

• You can write off some (maybe  all) of your interest payments , giving you roughly 25% back at tax time, depending on your bracket, making the effective monthly expense closer to $700. Make sure to talk to your accountant about this and other creative write-offs you might find…

• As an owner, your monthly expenses remain fixed over time.  According to Cory Walken, a colleague who studies rent growth in the area, rents near Western have increased at an average of about 6% per year, over the past 5 years.  Assuming that trend were to continue, the monthly rent on that same unit would go up  to almost $900-$1000 by the 4th year of your student’s education. Over 4 years, that would cost you between $38000-$42000 in rent! Gone, flushed….never to be seen again…

• Don’t forget about appreciation! Even in these tough times, most analysts are expecting the market to have corrected itself in the next couple of years, meaning there is a good chance the value of your investment will begin to increase during the 4-5 years that your student will live there.  That’s right, you might even MAKE money on this thing! Worst case, you can always hang onto it to make sure the kid doesn’t try to move back in with you after college…

This is just one example, of course.  There  are several other condo opportunities I can point you toward.  There are also houses and duplexes, etc… The numbers can look even better if you buy something with more rooms. Then, you can collect $500-$700/month of OTHER PEOPLE’S money! That ‘s the best kind of money, after all…

If you’d like to look more seriously at this type of investment, keep in mind that there are all kinds of different programs available, requiring anywhere from 3.5% to 20% down.  You can buy as an investment property, as a second home for yourself, or possibly as a first-home for the kid, which means eligibility for the $8000 first-time buyer tax credit. Each of these options has it’s own credit and income requirements, as well as unique tax implications.  Again, I would suggest consulting your accountant, as well as a mortgage professional, to make sure you understand clearly these particular details. You can talk to me if you want to know where to find these properties.

I can be reached on my cell at 206.883.6668, or by email at rob.leroy@exprealty.com

This post simultaneously published by Rob LeRoy at theRealEstateNovelist.com

Rob LeRoy is a Seattle real estate agent and social media marketing coach with eXp Realty.