Local Firefighter and Army Vet eager to learn

[Eric Kajka]

Good morning everyone, 

My name is Eric, I am a local firefighter and was previously stationed at JBLM. My wife and I recently found the world of Real Estate Investing and eager to learn and connect with everyone. 

We recently rented out what used to be our first home in Tacoma and currently in the process of a "Live and Flip" in an another home. Both houses we used Va loans. We recently read Dave Meyer's strategy book and have been thinking about what area we would like to focus on in the beginning. The Seattle/ Tacoma market seems to be pretty tough to find deals and is more appreciative rather than cash flowing but interested in what everyone else has to say about it. 

Look forward to learning and talking to everyone. Thank you for everyone's time.

Eric

 

[Eric Kajka]

Quote from @Nathan Harden:

Welcome, Eric!

Thank you for your service in both the first responder and military realm. I went to college and got my degree in Fire Service Administration and right around the time of returning home, I got the Real Estate bug myself!

I love the live in flip. That was my wife's and my first house as well. Currently looking for our next. Where is your live in flip located? Are you looking for multifamily or single family?

This is a wayyyyyy heavy appreciation market as opposed to cash flow. I would look heavily into the King County/Seattle tenant laws... Might help make your decision a little easier.

 Thanks Nathan, 

The fire career is definitely an attractive one with the work schedule. For the moment we are focusing on SFH and Duplex's till we get the swing of things. This will be our second live in flip.

We are buying a house in Covington. It was owned by a family member who had a run in with the new king county tenant laws. We were fortunately able to get them out of the home and our family member just wants to part ways with the house. We will be able to buy the home well below market value and just need to update since it hasn't been updated since early 2000's. Plan on selling it once the 2 yrs hits to avoid capital gains. There's no one way would be able to make this property cash flow.