New to Real Estate Investing/Looking for rental properties

[Martin Krimmel]

Hi,

I've recently joined the BP Community, reading real estate investment books, listening to podcasts ect. I'm currently working with a real estate agent to find buy and hold properties. I have some cash available to purchase my first investment property but due to the high prices in Seattle I am looking more south, Kent, Auburn, Federal Way, Burien area.

Since the market here is very competitive and a lot of homes carry high price tags, I would love to hear if others have been successful in purchasing potential buy and hold properties for 200k or less. We've currently been mostly looking at properties on the MLS and I've started to analyze them using the BP calculators but deals are tough to come by.

If there is an experienced investor on here I would be happy to buy you lunch and pick your brain a bit.

Thanks and let me know if I can provide more info!

Marty