All Forum Posts by: Kristel Daugherty

I signed up for Ring's Neighbor alerts.  Anyone with a Ring system in the neighborhood can discuss what's going on in their area, and there's a weekly crime report that includes the reported crimes to Bremerton PD.  It's helped me choose neighborhoods that I am and am not comfortable investing/living in.  Even proximity can be an indicator of where not to be, which may be something that feeds into Callow.  There are some great businesses on that corridor (McGavins Bakery, restaurants, etc) and also some XXX type shops that attract a different type of consumer.  It's all about who you want to do business with, and what you want to be near.

If there's interest, I'd love to host again @Jenny Moore!  Have fun with your family and catch the next one!

@Samuel Fletcher Hardy - Sounds like you're excited, and that's awesome!  You have a great plan, you're about to be househacking with the multi-family, and that's gonna set you up for even greater opportunities in time.

Time is the thing here.  I get impatient too!  You may be like me, and you see the path ahead and are so psyched about the potential that you want to sprint to that next goal.  This is a marathon though.  You're in that place where you have that sprint energy, but need to be calm so you're ready for the marathon.

Ok, now that the mental stuff is addressed, let's talk market stuff.  With interest rates at historic lows you're buying at a great time.  Global economic indicators suggest it's a good time to prepare for a cash position to buy, which again means you're in a great position.  Be savvy and patient.  There are good deals out there now, and they're not going anywhere.  If I can predict anything, it's that in the next 12 months, there's going to be even better opportunities to buy.  Get that rental going, and your investments in the South will be ready when you are.  Control the pace of your investments, don't let your investments control you.

Join us for a night of negotiation and fun - and get out of the rat race!  Bring your imagination and see how quickly you can get out of the daily grind through different investments.  We'll have light snacks and beverages available.

Bring your business cards if you'd like to network.  It's highly recommended that you download the Cashflow app to your phone (otherwise you'll be doing a lot of math on pencil and paper)!

You'll be playing with other investors and professionals in the real estate business.  Come join us for a night of fun and meet new friends!

Hey @Jenny Moore!  I have a conflict this month, and I'm sad to miss it.  Looking forward to catching up in September!

@Shiv Jey - the best way to know is to read the CC&Rs for the complex that you're interested in.  Sounds like @Adrian Chu knows a few, and you can expand your search by requesting the CC&Rs thru your agent.  Ideally getting a copy before you make an offer, but you could make an offer with a neighborhood review contingency to protect your earnest money.  Work with an investor-friendly agent and they should be able to get these answers for you.  If they work a lot in the areas that you prefer, they will also know many of the buildings and their rules too.

Good luck!

The first people to reach out to are the people you already know!  Make sure everyone you know, knows you're in real estate.  Literally go through your phone, social media, email - all of it - and call, text, or DM.  Start with a basic convo and be prepared to talk about what you do, how you can help, and more importantly - what they can help you with (referrals).  Remember, these are the people you know, and they want to help you!

Another recommendation is to get your hands on a copy of the Millionaire Real Estate Agent.  It has all the steps you need to succeed.  Reach out if there's anything more specific you want help with!

Brandon Turner did a great video that will give you the basics.  Check it out here;

Hi David,

In my experience, many brokers/agents are or aspire to be investors in rentals.  There isn't a strong conflict with most activities.

There will be more disclosures, and you'll be held to a new standard.  I'm with Keller Williams and would be happy to talk with you about our brokerage if you'd like.  Bigger firms will have more support, education, and networks of people to work with.  My firm is very open to trying new things, being out in the investor spheres, and doesn't restrict what I want to do.  Smaller firms might have better commission splits, and less oversight.  Depends on what your goals are with the license.

Good luck!

@Greg Devlin - in addition to Scott's advice, have you considered a 1031 exchange to reduce your capital gains?  If you're going to reinvest into another property, this might be another smart option.

Good luck!