• Menu
  • Home
  • Featured Listings
  • Condos
    • Downtown, Belltown, SLU, Pioneer Square Condominiums
    • Queen Anne, Magnolia Condominiums
    • Capitol Hill, Eastlake, Madison Park Condominiums
    • Ballard, Phinney Ridge, Greenlake Condominiums
    • Northeast Seattle Condominiums
    • West Seattle Condominiums
    • Mercer Island Condominiums
    • Bellevue Condominiums
    • Kirkland Condominiums
    • Waterfront Condominiums
  • Floating Homes
    • Floating Homes and Houseboats
  • Waterfront
    • Seattle Waterfront (Puget Sound)
    • Seattle Waterfront (Lake)
    • North Lake Washington Waterfront
    • Mercer Island Waterfront
    • Bellevue and Medina Waterfront
    • Kirkland, Yarrow and Hunt’s Point Waterfront
    • Lake Washington Waterfront
    • Lake Sammamish Waterfront
    • South Puget Sound Waterfront
  • Market Trends
    • Bellevue Market Trends
    • Issaquah Market Trends
    • Kirkland Market Trends
    • Medina Market Trends
    • Mercer Island Market Trends
    • Redmond Market Trends
    • Sammamish Market Trends
    • Seattle Market Trends
  • Services
    • For Sellers
    • For Buyers
    • Relocation Services
  • Blog
  • About Us
    • Chris Kallin
    • Barry Bergner
    • Enrico Pozzo
    • (206) 999-6920

SeattlebyDesign | Condos & Lofts, Houseboats, Waterfront, & Residential Real EstateSeattlebyDesign | Condos & Lofts, Houseboats, Waterfront, & Residential Real Estate

(206) 790-7874

Happy Thanksgiving!

Thanksgiving is here again – a time to sit down with friends and family, share a wonderful meal, watch a parade or football game and give thanks.  But did you know that turkey wasn’t even served at the first Thanksgiving?  Or that President Lincoln declared the first national day of thanks in 1863?  Here are a few more bits of Thanksgiving trivia to discuss around the dinner table.

Fun Facts about the First Thanksgiving

  The Plymouth Pilgrims were the first to celebrate the Thanksgiving.

  The Pilgrims sailed across the Atlantic Ocean to reach North America.

  They sailed on the ship, which was known by the name of ‘Mayflower’.

  They celebrated the first Thanksgiving Day at Plymouth, Massachusetts.

  The Wampanoag Indians were the people who taught the Pilgrims how to cultivate the land.

  The Pilgrim leader, Governor William Bradford, had organized the first Thanksgiving feast in 1621. He invited the neighboring Wampanoag Indians to the feast.

  The first Thanksgiving celebration lasted three days.

  Mashed potatoes, pumpkin pies, popcorn, milk, corn on the cob, and cranberries were not foods present on the first Thanksgiving’s feast table.

  Lobster, rabbit, chicken, fish, squashes, beans, chestnuts, hickory nuts, onions, leeks, dried fruits, maple syrup and honey, radishes, cabbage, carrots, eggs, and goat cheese are thought to have made up the first Thanksgiving feast.

  The pilgrims didn’t use forks; they ate with spoons, knives, and their fingers.

Thanksgiving Facts throughout History

  Benjamin Franklin wanted the turkey to be the national bird of the United States.

  Sarah Josepha Hale, an American magazine editor, persuaded Abraham Lincoln to declare Thanksgiving a national holiday. She is also the author of the popular nursery rhyme “Mary Had a Little Lamb”

  Abraham Lincoln issued a ‘Thanksgiving Proclamation’ on third October 1863 and officially set aside the last Thursday of November as the national day for Thanksgiving.

  The annual Macy’s Thanksgiving Day Parade tradition began in the 1920’s.

  In 1939, President Roosevelt proclaimed that Thanksgiving would take place on November 23rd, not November 30th, as a way to spur economic growth and extend the Christmas shopping season.

  Congress to passed a law on December 26, 1941, ensuring that all Americans would celebrate a unified Thanksgiving on the fourth Thursday of November every year.

  Since 1947, the National Turkey Federation has presented a live turkey and two dressed turkeys to the President. The President does not eat the live turkey. He “pardons” it and allows it to live out its days on a historical farm.

Fun Facts about Thanksgiving Today

  In the US, about 280 million turkeys are sold for the Thanksgiving celebrations.

  Each year, the average American eats somewhere between 16 – 18 pounds of turkey.

  Californians are the largest consumers of turkey in the United States.

  Thanksgiving Day is celebrated on the fourth Thursday in November in the United States.

  Although Thanksgiving is widely considered an American holiday, it is also celebrated on the second Monday in October in Canada.

  Black Friday is the Friday after Thanksgiving in the United States, where it is the beginning of the traditional Christmas shopping season.

Fun Turkey Facts

  The average weight of a turkey purchased at Thanksgiving is 15 pounds.

  The heaviest turkey ever raised was 86 pounds, about the size of a large dog.

  A 15 pound turkey usually has about 70 percent white meat and 30 percent dark meat.

  The five most popular ways to serve leftover turkey is as a sandwich, in stew, chili or soup, casseroles and as a burger.

  Turkey has more protein than chicken or beef.

  Turkeys will have 3,500 feathers at maturity.

  Male turkeys gobble. Hens do not. They make a clucking noise.

  Commercially raised turkeys cannot fly.

  Turkeys have heart attacks. The United States Air Force was doing test runs and breaking the sound barrier. Nearby turkeys dropped dead with heart attacks.

  A large group of turkeys is called a flock.

  Turkeys have poor night vision.

  It takes 75-80 pounds of feed to raise a 30 pound tom turkey.

  A 16-week-old turkey is called a fryer. A five to seven month old turkey is called a young roaster.

Happy Thanksgiving!  Enrico, Barry and the SeattlebyDesign Team

Posted in: Holiday

‘Tis the Season to go Social (Media)

The holiday season is here — a time when people around the world renew connections with the people, places and traditions that matter most to them. As one of the busiest times of year, people will share moments, plan for the festivities and search for the perfect gift, every single day — on Facebook. And this year, SeattlebyDesign will be part of it!
Recently launched, www.facebook.com/SeattlebyDesign is your social media resource for all things real estate.  With a simple “Like” of our page, you will be connected to regular updates about the greater Seattle area, real estate market trends, new property listings and sales, lending and architecture – just to name a few.  You also have the opportunity to ask our team of real estate experts questions and advice… we are just a post away!

In the spirit of the season we are using our Facebook page as a way to give back.  For each new “Like” of our page we will make a donation to aid the Typhoon relief efforts in The Philippines.

So give yourself a gift this holiday season, “Like” our page at www.facebook.com/SeattlebyDesign for a one-stop page for real estate information, while giving an even greater gift to those in need.

Posted in: Philanthropy, Social Media

Delille Cellars to Open a Wine Tasting Room in Partnership with Realogics Sotheby’s International Realty in Downtown Kirkland

Following is a press release regarding our new Realogics Sotheby’s International Realty office in Downtown Kirkland of which we are Founding Brokers.  We look forward to better be able to serve our clients East of Lake Washington!

https://www.rsir.com/blog/?p=3741

Posted in: Buildings, Condos, Kirkland, Waterfront Tagged: Condominiums, Kirkland, Real Estate, Real Estate Investments, Waterfront

Investing in a Self Directed IRA

My success investing my SEP-IRA retirement money in the stock market has so far only met limited success.  For one I am not very skilled at betting on the right horses and in part this success has been limited by fees from investment brokerages.  I have been looking for alternatives to invest my retirement funds in to create better, more consistent results for my portfolio.  One day I attended an in-house office meeting and listened to a presentation of a local attorney that assists clients in setting up Self-Directed IRA’s.

A self-directed IRA is a lesser known of our IRA options.  It requires account owners to make active investments on behalf of the plan. To open one, an owner must hire a trustee or custodian to hold the IRA assets and be responsible for administering the account and filing required documents with the IRS.

Similar to other IRA accounts, owners can invest in stocks, bonds and mutual funds, but they can also invest in real estate and small businesses. You are not allowed to personally benefit from the asset outside the tax deferred income into the IRA.  For example, one cannot purchase real estate in a self-directed IRA and use it as a second home, buy a vacation rental property and ever use it yourself or purchase a boat slip for your boat.

The process of using a self-directed IRA to jump into investing in real estate requires preparation and a little caution.  Investors are recommended to seek legal advice from an attorney who is experienced in this field, as well as seek input from an accountant and a real estate agent. It is also recommended they become familiar with the rules for the type of IRA they’re using. Whether it is a Simple IRA, Roth or Traditional IRA, SEP or Solo 401(k), contribution limits apply and just like more conventional IRA’s, there are penalties for early withdrawals.

Over the years I have heard many real estate brokers talk about Self directed IRAs, but I never seemed to meet a broker that had done a transaction like this nor one that had invested in this themselves.  I became more and more fascinated with this type of investment and noticed that my IRA account balance was still not going up much while the stock market was supposed to be recovering.  Being self-employed I have been able to contribute to a SEP IRA.  Each year I have maximized my contribution and because of this I accumulated a sizable portfolio, substantial enough to purchase 1-2 modest properties with it. I decided to dig out the business card of the attorney who presented at our office and call him to discuss such an investment in detail.

After a brief consultation, this attorney assisted me in creating an LLC which contains the IRA assets and helped me hire a custodian / trustee that holds the IRA assets.  Once the LLC was formed, I opened a bank account in the LLC’s name and then transferred the funds I was going to invest from my IRA to the custodian / trustee who then subsequently transferred those funds to the LLC’s bank account.  From there I was able to purchase a property with funds in the LLC’s bank account.  Be careful at this point not to commingle any personal funds with funds from your IRA as a large income tax bill and penalties may follow.

I also learned that I did not want to invest my entire portfolio into real estate for several reasons.  I was concerned that if I would ever come to pass, my heirs would have to pay personal income tax over the amount and so it would be prudent to keep sufficient funds more liquid so this can be taken care of.  The other reason has to do with how an IRA will be distributed over time once I reach the age I have to draw from these funds.  Taking this into consideration, I decided to keep around 50% in my SEP IRA and I planned to use the other 50% to purchase a property.

I have since purchased this property and was able to rent it from 3 days after it closed.  I am very pleased with the results because:

1) Any income from rent is tax deferred.  I ended up purchasing a condominium in Belltown, Seattle as I really believe in the building as well as the location.  After paying property taxes and HOD’s, I have a 4.3% annual ROI not taking into consideration any appreciation on the property value.

2) if I estimate a very conservative average of 4% appreciation over time, I come up with a very desirable return on my investment of 8.3% with very minimal expenses.  I anticipate the results will be better, but of course, results will vary and any investment brings also along risks of losses.

3) all income tax on my rental profits are deferred to a time when I anticipate to have less income.  I hope to be taxed at a lower tax rate at that time.

4) I like owning real estate, especially when it is free and clear of a mortgage.  This asset will be appreciating another 20 years or so before I will need to liquidate it and draw from those funds.  In the mean time it will provide a very steady income stream into my retirement account.  I also anticipate that the value of the asset will have close to tripled by that time as property values on average in this area tend to double every 10 years or so.

If you are also interested and would like to have a discussion about making such an investment, please contact me.  It will be a pleasure to answer any questions you may have and to assist you in making such an investment.

Enrico Pozzo, Realogics Sotheby’s International Realty

Click here to see a Wikipedia definition of a Self Directed IRA

 

Posted in: Self-Directed IRAs Tagged: Individual Retirement Account, IRA, Real Estate Investments, tax deferred income

Posts navigation

  • « Previous Page
  • 1
  • …
  • 26
  • 27
  • 28

Homes

  • Featured Listings
  • Seattle Area Info

SeattlebyDesign

  • About Us / Contact
  • Testimonials
  • Blog
  • DMCA Notice

Real Estate Market

  • Market Trends
  • Market Report

Login

Sign up for our newsletter

"*" indicates required fields

This field is for validation purposes and should be left unchanged.
SeattlebyDesign | Seattle Area - Real Estate Specialists
© 2020 · SeattlebyDesign

Terms of Use | Privacy Policy | ADA Policy | DMCA

ADA Compliance: In concurrence with the National Association of Realtors guidelines, The Seattle By Design and it's affiliates are committed to providing an accessible website. If you have difficulty accessing content, have difficulty viewing a file on the website, or notice any accessibility problems, please contact us at 206.790.7874 to specify the nature of the accessibility issue and any assistive technology you use. We strive to provide the content you need in the format you require.