New to Real Estate in Lynnwood, Washington

New to Real Estate in Lynnwood, Washington

Contractor · Shoreline, WA · Member since 2015 · 6 posts · 2 votes

Hi everyone

Excited to join the BP community. Been listening to the podcast and reading the forums to get a hang of everything.

I ended up here because I was looking to buy a house so I set out to find out everything I could about the process and see if there was any insider trick or tip to get a better deal then just simply going to an agent and saying I want to buy a house. (I try to make a habit of always checking to see if I can get a discount.)

Anyways after looking around and examining my situation a little more closely I decided that right now would not be the best time to buy for me. I am extremely curious about wholesaling, as I'm sure many other newbies are. Any other wholesalers in the King, Snohomish, Skagit and Pierce County areas on here? I'd love to pick your brain about what the status of the wholesaling market is here.

I have a background in construction and construction project management so I expect fix and flipping to be in my future once I get the ball rolling on the cash side.

Osiris

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Real Estate Investor · Silicon Valley, CA · Member since 2012 · 169 posts · 52 votes
11y

best of luck to you! To me, I find it very valuable to develop relationships with agents. Then they'll think of me when they hear of something good!! 

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  • Real Estate Investor · Silicon Valley, CA · Member since 2012 · 169 posts · 52 votes
    11y

    best of luck to you! To me, I find it very valuable to develop relationships with agents. Then they'll think of me when they hear of something good!! 

  • Insurance Agent · AZ · Member since 2013 · 306 posts · 161 votes
    11y

    Hi Osiris, welcome, and good luck to you! I know that there is a LOT of information on here regarding wholesaling. With that being said, you will see there are those who are pro and con.

    I belong to REIA WA (Real Estate Investors Association), and while I've not attended any of their wholesaling classes, I've heard they are very good. The only problem is, I think you may have to be a member to attend the wholesaling classes, but I could be wrong.

    Best to you!


  • Brandon TurnerPro Member
    Investor · Maui, HI · Member since 2009 · 13k+ posts · 3k+ votes
    11y

    Hey @Osiris Estrada welcome to the site! Definitely start jumping into the community here! Be sure to read through The Ultimate Beginner's Guide to Real Estate Investing to help you get started.

    Also - here's a couple articles you might enjoy:

    The 21 Best Real Estate Investing Books Ever

    How to Rent Your House: The Definitive Step by Step Guide

    How to Be a Landlord: Ten Tips for Success

    Finally -be sure to setup some keyword alerts - especially for "Lynnwood" so you can jump into local conversations.

    See you around the forums!

  • Michele FischerPro Member
    Rental Property Investor · Seattle, WA · Member since 2013 · 2k+ posts · 1k+ votes
    11y

    Osiris, welcome to BiggerPockets!  I don't' have experience in wholesaling, but had coffee today with a couple we met on BP who want to start there too.  I'd look into househacking too, maybe a duplex or small multi you live would be a viable future option.

  • Contractor · Shoreline, WA · Member since 2015 · 6 posts · 2 votes
    11y

    Thanks everyone! Appreciate the encouragement. 

    @Chanté Owens How would I join the REIA WA? Do I have to be an agent?

    @Brandon Turner Thanks for the tips. I've been plugging away at these guides/articles you recommended. BTW love the podcast. 

  • Insurance Agent · AZ · Member since 2013 · 306 posts · 161 votes
    11y

    @Osiris Estrada Nope, you don't have to be a RE Agent. You can simply join as a regular  member. I am a business member, but that's from my insurance business, as I am not a RE agent either!

    I believe there are several RE types of associations that you can join, with REIA WA and REAPS being the largest. There are some others, but they are smaller and/or serve only specific areas in WA State.

  • Investor · Marysville, WA · Member since 2014 · 146 posts · 62 votes
    11y

    Welcome to BP @Osiris Estrada!  Here are good places to start:

    http://reapsweb.com/

    http://reiawa.com/ClubPortal/ClubStatic.cfm?clubID...

    http://www.meetup.com/SnoCo-Connected-Real-Estate-...

    I CANNOT stress enough the importance of going to these local meetings and networking with people in your local area.  

    Before you spend any money on education, go to these meetings and talk, talk, talk to the people who are doing the strategies you want to employ.

    -AA

  • Contractor · Shoreline, WA · Member since 2015 · 6 posts · 2 votes
    11y

    Thanks for the info @Aaron Ramm. I signed up for all three. I'm going to go check out the REAPS orientation on Mercer Island this Saturday. Quick question, how much did it cost to get your LLC set up?

  • Solo 401k Expert · Anaheim Hills, CA · Member since 2012 · 18k+ posts · 6k+ votes
    11y

    Glad to have you here @Osiris Estrada You are in the good company and you are in the right place to learn all about REI! All you need to do is read the blogs or post a question and the responses will be educating and gratifying. See you around the site!

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