New guy in Seattle looking to start investing!

[Jarvis Smith]

hey everyone new guy here looking to start investing,

about me: 23 y/o born and raised in Seattle, WA love the area the market is very hot right now,
I have been lurking this website for quite some time now and have learned so much already,
I'm primarily going to focus on fix and flips as I do have some cash saved up,

got started with real estate 2 years ago purchasing my first home as an owner occupied purchase with the intent of selling it in a year or 2, even since then the market has skyrocketed so I have quite a bit of equity in my home so I will be selling it in the next few months, I have already done most of the rehab work.

I will be taking fortune builders 3 day course next month so hoping to get a better idea of the whole flipping process.

Thanks

[Troy Fisher]

Originally posted by @Mike R.:

i personally think the pacific northwest is nearly overdone (prices are getting crazy) and seattle is certainly overpriced.  keep in mind that seattle may be looking at rent control and they have recently instituted an "inspection" program that requires the city "experts" inspect your rentals to ensure they are up to standards.....i would never buy in seattle

 Having been in the Bay Area and seeing the returns that bay area investors are getting even with these same problems, the mantra is, there are deals to be done in any market, you just have to know what your goals are and stick to them. Not mold you goals to current market situations.

I think the general overall thought is that flipping is good for now, and buy and hold is hard. But with the proper networking and marketing, you can still acquire cash flow properties. I'm looking elsewhere in Washington for cashflow, but a blanket statement that Seattle is a bad opportunity is just false.