Investor from everywhere!

[Cody Jackson]

My job has me moving every few years, so I've picked up some properties along the way.  Now I'm into investing in real estate and looking in Denver and Seattle.  Can anyone offer any tips for Seattle?  I'm finding it hard to locate a property where the rents justify the cost.  Thanks!

[Alex Chin]

@Cody Jackson - I haven't looked very deeply into flips, I don't have the capital or expertise to do so, can't help you much there. I do have a decent grasp of home pricing in the area, I would say Redfin is a good online resource for doing a casual comp of a property, it's at least good enough to tell you if there might be something to a deal.

I would be incredibly hesitant to flip remotely, I would want a stakeholder of some kind in place to manage the project and ensure work is done in a timely manner. One avenue you might want to explore is finding a local partner that you could JV deals with. Trick is obviously finding someone trustworthy, but if you have friends/family in the area, they might be a good starting point.