New from SW Washington

New from SW Washington

Rental Property Investor · Boise, ID · Member since 2017 · 13 posts · 3 votes

Hello Bigger Pockets members!

My name is Travis and I am joining from Southwest Washington/Southwest Idaho. I am 29 years of age and currently reside just north of Vancouver, WA. I have lived most of my life in the Boise, ID area and would eventually like to move back there along with my wife and two daughters. I have been lurking for quite some time and have listened to about 100 BP Podcasts thus far. My wife and I recently sold our first home and it has jumpstarted my desire to get into REI.

My short term goal is to build my network and begin building some operating capital through flips/wholesaling as well as gain knowledge through assisting my peers wherever possible. My wife and I are already working a few potential "deals" and hope to be starting our first flip shortly. We plan on doing this while maintaining my W2 job for income and ease of financing.

I am very excited to begin networking with the BP community and to explore what I can offer my fellow investors.

Longer term I hope to build passive income through a portfolio of BRRR properties/other revenue generating real estate and eventually move full time into REI. I hope to build business opportunity, partnerships, and ultimately give back to the community.

I have recently started looking into getting my Brokers license. I am blessed with a strong W2 income as a project manager and mechanical engineer that will allow us easy financing to get our real estate venture started. This career lends me a wealth of experience in managing large projects and industrial renovations. I also have extensive construction experience prior to my career in engineering.

I look forward to hearing from anyone in a similar situation or networking with anyone in my region or abroad! I am open to any advice and will do my best to lend some where appropriate.

Best regards,

-Travis

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Investor · Vancouver, WA · Member since 2014 · 359 posts · 143 votes
8y

Hi @Travis Nebeker,

Sounds like we have similar history and goals. 
I am still working my day job as a project manager as I am a civil engineer.

I got my RE licence and just finished my first BRRRR property.

Let me know if you have any specific questions.

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  • Investor · Vancouver, WA · Member since 2014 · 359 posts · 143 votes
    8y

    Hi @Travis Nebeker,

    Sounds like we have similar history and goals. 
    I am still working my day job as a project manager as I am a civil engineer.

    I got my RE licence and just finished my first BRRRR property.

    Let me know if you have any specific questions.

  • Lender · Long Beach, CA · Member since 2013 · 496 posts · 296 votes
    8y

    Welcome to the forum. Hope to see you at one of our local get togethers!

  • Dave VisayaPro Member
    Moderator
    Audio Engineer and Investor · Cebu City, Cebu · Member since 2013 · 7k+ posts · 881 votes
    8y

    Hello @Travis Nebeker, welcome to BiggerPockets! It is great to have you and please feel free to jump in the community - there are certainly great people around here!

    BiggerPockets
  • Rental Property Investor · Boise, ID · Member since 2017 · 13 posts · 3 votes
    8y

    @Austin Youmans,

    Thanks for the reply! Did you find getting your Brokers license to be of benefit on your first deal? Would you recommend that I make that my first step or just jump in?

     I will probably have lots more questions pop up, but for now it's just about finding the deal. 

    Cheers,

    Travis

  • Rental Property Investor · Boise, ID · Member since 2017 · 13 posts · 3 votes
    8y

    @Jesse Rivera 

    Thank you for the warm welcome! I am aware of the REIA meeting coming up on the 4th, but as of now I am being committed to be in central California for my W2 job. Are there other local gatherings/meet ups that I should be aware of? If so can you recommend some? I am always open to meeting like minded people and helping out wherever possible!

    Happy Holidays!

    -Travis

  • Investor · Vancouver, WA · Member since 2014 · 359 posts · 143 votes
    8y

    @Travis Nebeker, I did not have my license for my first deal that I think that may be the way I would recommend it so you can see the process without being the one responsible for your first go around. 

    On the flip side it does help as you can go vet a property whenever you want without lining it up with a third party plus most the properties I have bought have been vacant which makes it even easier. You can also apply your commission to your down payment so that is useful. 

    All that being said, If you find the right deal I would not wait as good deals are hard to come by in our area and this would just be a cherry on top but doesn't make a bad deal a good one. 

  • Rental Property Investor · Boise, ID · Member since 2017 · 13 posts · 3 votes
    8y

    @Austin Youmans 

    Thank you for the info! I did not know that commission could be applied to the down payment. That alone seems like it would make it worthwhile. I will keep working my deals, but in the meantime I will probably get started with my courses. Do you have a recommended resource for getting your required training hours (60/30 in washington)? 

  • Investor · Vancouver, WA · Member since 2014 · 359 posts · 143 votes
    8y

    I used trainagents.com but I am sure most of them are the same. 

  • Solo 401k Expert · Anaheim Hills, CA · Member since 2012 · 18k+ posts · 6k+ votes
    8y

    @Travis Nebeker

    Welcome to the BP family! Glad you joined the best real estate investing website! Here are some recommendations for you:

    Find and connect with other BP members that are in your area: http://www.biggerpockets.com/meet
    Set up keyword alerts to be notified of the topics that interest you: http://www.biggerpockets.com/alerts
    Read Beginner’s Guide: http://www.biggerpockets.com/real-estate-investing
    Check out BP Podcasts: http://www.biggerpockets.com/renewsblog/category/podcast/

    Wishing you the best!

  • Vancouver, WA · Member since 2014 · 8 posts · 3 votes
    8y

    Hello @Travis Nebeker , My name is Steven Mak and I'm in the similar situation as you pursuing REI. Now I don't have a lot to offer but I do have time, truck and muscles. I would like to learn with someone local so I can learn the in and outs. My goals are to learn wholesale/flip and later on have rental properties. Lets chat it up sometime.

  • Rental Property Investor · Boise, ID · Member since 2017 · 13 posts · 3 votes
    8y

    Thank you all for the warm welcome! I hope you all had a relaxing holiday! I am starting out the new year with big goals and big family plans. I can't wait to hit the ground running. 

  • Vancouver, WA · Member since 2014 · 127 posts · 60 votes
    8y

    Hi @Travis Nebeker

    Welcome to the world of RE and investing.  I have been doing it for over 10 years and finally make it my full time passion and job.  I am local to Vancouver, WA and focus on helping investors out primarily via Property Management.  I do come across deal flow as well but as other have mentioned...finding deals is tough but it is something that takes persistence.  For your first deal I recommend using a Real Estate agent that understands an investors approach and make sure you a fully financially qualified before you seek their help.  Let me know how I can help you...I am eager to network, connect, and work hard alongside all the other Bigger Pockets friends.

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