Excited to be here. We're in Renton, Seattle & Everett, WA

Excited to be here. We're in Renton, Seattle & Everett, WA

Renton, WA · Member since 2017 · 2 posts · 1 vote

Hi all!

Very excited to have people to talk to about real estate! I own two tattoo studios in Seattle and my first studio provided me the income to purchase a tiny 600 sq ft house in 2011. We lived in it and completely remodeled it from top to bottom over a year or so. Then we found a short sale on a duplex and it took 10 months for us to get into it but it's where we currently live. We've been remodeling our side of it for a while now and have a tenant in the other side that's been there since 1996.  We've had the same tenants in the 600 sq ft house since we moved out too so we've been very, very blessed (so far) being landlords.  We're about to close on another duplex up in Everett that already has tenants. We'll be closing on that on Valentine's Day if all goes as planned. We'd like to keep going from there and our next one will likely be a passive property out of state. Real estate investing makes my heart sing and, as you can see by the tattoos on my knuckles, I'm pretty excited to be a landlady. :)

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Investor · Taylor Mill, KY · Member since 2016 · 2k+ posts · 964 votes
8y

Welcome @Christy Lillard! You have awesome goals set for yourselves, and BP is an awesome source to help accomplish those goals. 

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  • Michael S.Pro Member
    Biggerpockets Support · Las Pinas, Metro Manila · Member since 2015 · 7k+ posts · 1k+ votes
    8y

    Welcome to BP Christy and all the best on the next deal. 

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

    Hello @Christy Lillard, welcome to the site! It's great to have you here. 

    BiggerPockets
  • Financial Advisor · Issaquah, WA · Member since 2017 · 241 posts · 141 votes
    8y

    Welcome to BP, Christy!

    Tell us more about your goals!  Which areas are you looking in?

  • Renton, WA · Member since 2017 · 2 posts · 1 vote
    8y

    Our short-term goal is to have 100 units in three years. I traveled to Memphis recently for a tour with a turnkey operation and we are on a waiting list with Mid South Home Buyers there. The homes are from $70,000-$100,000 turnkey. My only hesitation with that is that it seems like everyone is buying in Memphis and have been for a while now. I'm also aware that we'd only be seeing cash-flow and very little equity. We love buying in the Puget Sound area but, as we all know, it's very hard to find good deals up here. When we close on the new duplex we'll be spread out from Renton to Everett. We got the recent duplex by doing a cash-out refinance of our first home. We're remodeling the one we live in to do the same thing again. Eventually, we'd like to get into apartment buildings. The overall goal is to replace my husband's income so he can quit his job and do real estate full time. I'm pretty happy doing what I do but I'd like to retire from it in five to ten years as well. Once we have a hefty cash flow, hire property management for all of them and travel the world full time. 

  • Investor · Taylor Mill, KY · Member since 2016 · 2k+ posts · 964 votes
    8y

    Welcome @Christy Lillard! You have awesome goals set for yourselves, and BP is an awesome source to help accomplish those goals. 

  • Investor/RE Broker · Eugene, OR · Member since 2014 · 3k+ posts · 968 votes
    8y

    @Christy Lillard Hi and welcome to BP!  There are any number of midwest markets where you might find current conditions more favorable to turnkey investing.

  • Rental Property Investor · Cleveland, OH · Member since 2015 · 1k+ posts · 880 votes
    8y

    Welcome to BP @Christy Lillard! I'm totally covered in tattoos, so you're in good company! My best friend is an artist in the PHX area and we've kicked around the idea of opening a shop in that area together. 

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