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Updated over 8 years ago, 06/01/2016
Hello from Tacoma Washington!
After reading"Money: Master the Game," "Rich Dad, Poor Dad," and then following that up with "The Book on Investing in Real Estate with No Money Down" I found Bigger Pockets Podcasts and then this website. A belief barrier about what is possible for me has been crushed and I am excited to start this new path. My background is in graphic design, web design, social media, journalism, festival management and (more recently) property management. I am interested creating a path toward owning multifamily properties. What I bring to the table is a very large local network, a stellar reputation and 20 years of experience with publicity both online and in print.
Welcome to BP Angela
This is a great place with great information!
Matt
Welcome to BP. I am sure you will find use of your many talents.
Good luck in all that you do.
Hello @Angela Jossy! Welcome welcome welcome, as a fellow Tacoma investor, it is good to have more locals chiming in and adding their voices to the community.
Your background in property management, would you mind expanding on that a bit? How long have you been working in the field, what sort of experience did you have?
And to counter balance my questions, what sort of information are you looking for right now to help you get started? What aspects of real estate investing are you drawn to and how can the community help?
I would also look to connect with @Kevin C., @Tiffany Plovie, @Troy Fisher. They run the BP Meet-ups for Tacoma/Lakewood, Seattle, and Bellevue/Eastside respectively.
Cheers, and here's to success!
I was hired by Allied Residential in October of last year to help with a contract they have with Tacoma Housing Authority. We interviewed over 450 residents living in Tacoma Housing Authority buildings and helped them fill out paperwork outlining their income and assets in order for the properties to qualify for a tax credit program. When we finished that I was reassigned to Assistant Manager of an apartment complex in Federal Way. Much of my job deals with paperwork and Yardi (the software we use) but I am also the person to answer phones and talk to residents as they come in. I interview potential residents, help them fill out the screening application and if accepted, help them to sign the lease agreement. I also assist with creation of work orders, alerting maintenance and handling follow up to make sure the work orders are completed. I collect rent, issue receipts, post notices, process invoices, monitor security reports and run the office alone a couple days a week. I also help with the advertising, organizing of community events and handle resident issues. There is a lot more to it but that's it in a nutshell. Does that answer your question?
As far as what I am looking for, first I am looking for education. I got a lot if it from the books and podcasts. I plan to find deals and run numbers so I can get better at recognizing ideal situations. I would be open to partnership with the right person. In order for me to make a deal alone I would probably have to save more money and raise my credit score. But then again, I'm a first time home buyer so maybe not. Its very early for me to say exactly but I would love to find a great deal on a 4-plex and start there. Eventually I would love to own a larger apartment complex because that is what I'm most familiar with.
Welcome to BP.... This is a great place to learn
@Angela Jossy Welcome! Not only can you learn a lot here, but I bet you have more to contribute than you might think as far as dealing with tenants, etc., from the management side of things.
Welcome to BP.
@Angela Jossy - that is great information and you will likely get many other investors besides myself asking questions of you to better understand the Tacoma-Lakewood-Federal Way market, and information on property management.
If one of the items that has popped up on your radar is a potential 4-plex purchase, but you have limited start-up capital, one option you could explore would be to partner with an investor where you will act as property manager, possibly living in one of the units, splitting the revenue while your partner supplies most of the up-front capital. If this is a situation you can deal with, the deal would have the advantage of potentially lower capital investment, onsite professional management (you!), and with one partner living in the property, you would be able to put down a much lower down payment.
As for raising your credit score, if it is a matter of real concern, you may want to look into one of the professional services. They cost, but if it means getting a deal or not, or getting a better interest rate, it would be well worth it.
Hi Angela
Welcome to BP! You made a wise choice… Looks like we are in the same neck of the woods so I look forward to your postings in the forums and boards.
Welcome @Angela Jossy! Loved your book references. My fiance and I just moved to the Lakewood/Tacoma area last year and are also looking to acquire a multi-plex this year in Tacoma. We've read and have been heavily influenced by Rich Dad Poor Dad and Money Master The Game. Both excellent reads. We've attended the Lakewood and Lacey meetups and have met some great people. Would love to stay connected!
And "HI" everyone else on the forum. Looking forward to connecting more to other locals in the 253 real estate investing community. I am a interior stylist/organizer and former home stager. My fiance does business strategy. We are always looking to connect with good people with similar ambitions (passive income and positive community benefit). Let's connect!
Welcome! It was great to meet you Monday night. I look forward to seeing your business grow.
