Tacoma/seattle area investing

[Account Closed]

I have 50k to invest in Seattle and Tacoma region. . I am looking for rental property that brings in about 1k month. Where do you guys recommend to get this started? I have been looking at MLS and Craigslist currently. Thanks in advance.

[Alex Chin]

Hey @Account Closed. I would echo what the others have said. Please give us a little bit more insight on what type of property or investment you envision for the $50K. Were you willing to break it up and do 2 deals if you could? Are you comfortable and familiar with running deal analysis or are you looking for help understanding that process?

As for where to look, I would recommend linking up with a real estate agent or broker and getting their help on running specific searches. They would also be able to tell you how realistic your chances of finding certain property metrics will be in a given area. If you are looking for a recommendation, feel free to PM me, or contact any of the others who have already chimed in.

Given some of the investing strategies and his line of work, I would see about contacting @Brian Fouts offline, solid guy to talk to and good at breaking down various strategies.

You should also look to attend one of the upcoming Meet-Ups, @Kevin C. and @Troy Fisher run them with their business partner Tiffany Plovie. Informal settings, no fee or sales pitch, great way to link up and talk real estate with locals!