New Investors - Seattle and/or Arizona Market

[Sippy Hira]

Hi BP community. My husband and I have goaled ourselves with starting to build our real estate portfolio in 2017.  We are interested in multi-family units here in Seattle and/or Arizona with a buy and hold strategy.  We would love to connect with any investors in either location to pick your brain about how to get started on this adventure. 

A little bit about us: We owned and operated our own business for 12 years and sold it about 1.5 years ago.  We both work full time, so our goal is to purchase at least one property in 2017.  We're going to start slow to eventually go fast!

Look forward to connecting and learning from all of you!

Sippy

[Nathan Miller]

@Sippy Hira - given those options, go with Arizona.  Seattle keeps passing anti-landlord pro-tenant laws and appears to be the biggest opponent of successful real-estate investors in the country currently.  The two most recent limits how much you can charge for a deposit and requires you accept it in 6 monthly payments.  What happens if the tenant does damage before that, well, Seattle says the landlord is out of luck.  Also last August they implemented more anti-landlord laws.  Seattle is unfriendly towards landlords and property investors.