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Updated over 7 years ago on . Most recent reply

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9
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6
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Alex Degante
  • Lakewood, WA
6
Votes |
9
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Opinions on Washington State?

Alex Degante
  • Lakewood, WA
Posted
Hello all! First time posting and first time trying out real estate investing. From what I read, Washington isn't an investor friendly state, but is it a good idea to start out wholesaling? The anti flipping law wouldn't apply to me since I wouldn't be putting money into the properties, but I'd like some pointers, opinions or otherwise things to look out for while starting out. I've been studying different ways to invest and it seems wholesaling is for me. At least until I have a big enough portfolio for buy and hold. Thanks!

Most Popular Reply

User Stats

57
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35
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Tim West
  • Real Estate Investor
  • Bonney Lake, WA - Washington
35
Votes |
57
Posts
Tim West
  • Real Estate Investor
  • Bonney Lake, WA - Washington
Replied

@Alex Degante I have enjoyed wholesaling here in Washington State, Pierce County specifically, and there are plenty of deals to be had out there. It is all about working harder than the other guy and rooting out those hard to find deals, but there is definitely a great deal of opportunity here. The nice thing about wholesaling is that you have the option to keep for yourself, or pass along the great deals to others that are also here working the grind. 

As far as pointers, my advice is always just to get out there and start making contact with your prospective clients. Some people prefer mailings, others cold calling, so it boils down to what style suits you best, but the key is massive ACTION! There is never a perfect time, and you will never know all there is to know to prepare you, so just get out there and start working your program.

It is great to read, listen and participate in blogs, podcasts, books, etc., but in reality you will learn more just working through your deals than anything you will learn trying to prepare. BP is a great community here to help with anything you need, so leverage this resource, and don't hesitate to just start diving in head first.

Feel free to reach out with any questions, and I wish you the best of luck. There is plenty of business out there for everyone, and we all help each other succeed.

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