Investor From The Northwest

[LaSean Smith]

Hey there BP community. I'm focused on the development of CRE in downtown areas and/or TOD areas. There doesn't seem to be a ton of developers focused on new construction in the community, but hope to connect with the folks that are interested in that space.

My current target areas are Phoenix, Seattle, and Tacoma. I have two active projects underway and not actively looking for another project, but always open to meeting new people. Beyond my development work I'm also interested in BRRRR properties for my personal portfolio. I'm in Bellevue, WA and from Phoenix, AZ. Thanks to all of the folks who have already shared great info on the posts I've been reading.

[Yusef Nadir]

Welcome to BP Community @LaSean Smith.   BP is a great platform in sharing RE information from numerous professionals (like myself) to the DIY personal investors.  Living in the great Seattle-Metro area residential and commercial projects are so desirable and hard to come by with everyone wanting to take advantage of our regions hot market.  One, thing that I keep hearing from clients working commercial projects in the areas you mentioned (Seattle - Tacoma) are the following: 

• meeting scheduled dates due to poor vendors
• competition in finding quality vendors/contractors/GC/etc. 
• losing your current contractors to other projects over paying to just keep labor. 
• Labor cost increased, which in turn will change your ROI.

In these times here having a nice size contact list with various vendors in different fields help to keep projects on task and even then there are no guarantee's.  Having a team a major key in succeeding.   

When you have time I would be more then happy to meet up over coffee and share what I'm currently doing (mainly residential) and working into buy & hold investments.