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All Forum Posts by: James Marszalek

James Marszalek has started 67 posts and replied 137 times.

Post: CashFlow Seattle 2016

James MarszalekPosted
  • Property Manager
  • Tacoma, WA
  • Posts 197
  • Votes 111


This is the biggest and most highly anticipated Saturday Presentation of the Year! Talk about the best use of your Saturday! Learn from a true professional investor who has an amazing track record! 

PLEASE CONTACT ME IF YOU WANT TO GO! YOU MUST BE REGISTERED TO GET IN!


Great for investors all over Washington State! Seattle, Kirkland, Renton, Kent, King County, Pierce County, Tacoma, Olympia, Lakewood, Puyallup, etc!

Post: BP Webinar Debrief: Investing While Working a Full Time Job

James MarszalekPosted
  • Property Manager
  • Tacoma, WA
  • Posts 197
  • Votes 111

Just a reminder that our Networking Event and Webinar Debrief is tonight at 7:00PM! 

If you're in Tacoma, Lakewood, Olympia, Puyallup, Graham, Pierce County, and even Seattle and King County, these networking events are great to meet other players in this market. Drinks and snacks provided! 

Look forward to seeing you here! 

Post: Multifamily Referrals

James MarszalekPosted
  • Property Manager
  • Tacoma, WA
  • Posts 197
  • Votes 111

Hey @Landon Dolezal!

As far as home inspectors go, especially ones that understand the investment world, I recommend Sterling Home Inspection. That whole crew is full of pro's, and they have great availability. This is not a 1 man operation, they've got a well oiled machine, and the inspectors are very thorough. 

http://www.sterlinginspections.com/

You have your first property locked up yet? I've been seeing a lot of great multi-family properties come across my desk in Pierce County. I'm trying to jump on a few myself. Very exciting. GOOD LUCK! 

Post: Tacoma WA and surrounding areas

James MarszalekPosted
  • Property Manager
  • Tacoma, WA
  • Posts 197
  • Votes 111
Originally posted by@Rudy Manna:

Regardless, go out see lots of houses. Analyze the numbers. Get an investor friendly realtor. You will know for yourself.

This is the best point that could be made here, in my opinion. A lot of people are paralyzed by the process. By getting out there and just analyzing the deals you find, you're able to become more comfortable and a lot more confident in the system that you build for yourself. And getting an investor friendly realtor is critical too. Regular realtors typically do not have the same motivations that drive you. Investor realtors understand the concept of buy low sell high, and will truly and aggressively negotiate for the absolute best deal they can get. Versus an agent who is only interested in maximizing the one time commission. Well said @Rudy Manna

Post: Lawyers, guns, and money

James MarszalekPosted
  • Property Manager
  • Tacoma, WA
  • Posts 197
  • Votes 111

What's up Jackson? 
I've got an amazing accountant. Runs her own shop, a true pro. She follows changes, and stays current. Very strategic and knowledgeable. 

Jacki A. Fath, CPA, MSA, PLLC

Accounting & Consulting Services

BP won't let me post the contact info, I'll shoot you a message. 

Post: Tacoma WA and surrounding areas

James MarszalekPosted
  • Property Manager
  • Tacoma, WA
  • Posts 197
  • Votes 111

@Rob Jones @Timothy Tooker, I agree with the fact that Tacoma is definitely street by street, but for the most part areas around Lakewood, Spanaway, and anything boardering JLBM are great areas. It ultimately depends on what the long term goal is. Do you want a nice newer house in a planned community? Spanaway has several newer Polygon and D.R. Horton developments for decent prices. But if Multi-Family is on the table, then Spanaway, Lakewood, Puyallup, and select areas in Tacoma would be excellent options. There's 100 different strategies that could work, Rob. It's about finding the path that works for you and your family.

In my opinion, the Bethel School district is the best. I base that off national ratings, and general opinion of the many I've spoken to connected to that district. Being close to either I-5 or HWY167 is going to be your best bet if you'll be commuting to Seattle often. 

If you're going to rent anyway, I'd recommend finding a nice Multi-Family, connect with a money man, and lock down your first rental property right off the back. Live rent free, and get money on top of it while you build your inventory? Sounds like a good option to me! I think you'll like Washington, lots of cool outdoor activities, and maybe it'll be cool being close to the opposite coast. Good luck! 

Post: BP Webinar Debrief: Investing While Working a Full Time Job

James MarszalekPosted
  • Property Manager
  • Tacoma, WA
  • Posts 197
  • Votes 111

First: Register for the Free Webinar here: https://www.biggerpockets.com/webinar

This event has TWO main Goals! 

1. Go into further detail on the weekly webinar, giving an open forum for any questions or examples. 

2. NETWORK! I've invited Contractors, Lenders, Other Investors, and Agents to this event! This is a great opportunity to meet other players in your market! Build Relationships! 

Schedule: 

7:00pm - 7:10pm: Greetings/ Acquire Snacks!

7:10pm - 7:40pm: Webinar Debrief, Questions and Open Discussion

7:40pm - 8:30pm: Networking! 


Drinks and snacks will be provided free of charge. Come mingle with people who are learning to invest, and people who are actively investing. 

If you want to, or actively invest in the following markets, this would be a great event for you! All levels of investors are welcome. Whether you're brand spanking new, or you've done 100 deals. This is for everyone! 

Pierce County, King County, Seattle, Tacoma, Lakewood, Puyallup, Graham, Lake Tapps, Bonney Lake, Yelm, Roy, JLBM, Lacey, Olympia, (and even Montesano), etc. 

Post: South Sound Investor Network Event

James MarszalekPosted
  • Property Manager
  • Tacoma, WA
  • Posts 197
  • Votes 111

Just a reminder, the webinar debrief (and networking event) is still on for 7:00pm! Tell your friends, and come hang out for a bit! 

If you invest in: Washington State, Pierce County, Tacoma, Lakewood, Spanaway, Puyallup, Graham, Yelm, or JLBM, this will be a great event for you! 

Post: Cash Flow or Appreciation in Seattle Area

James MarszalekPosted
  • Property Manager
  • Tacoma, WA
  • Posts 197
  • Votes 111

Hi @Ted Klein

I get this question a lot from investors across the country. My answer is the same of those above. If you're going for volume, Pierce County is your Playground. King County has a documented higher barrier to entry. The rental market is pretty dry down here too, which gives you larger pools of tenants to choose from, not to mention having the Military base, which is a very large tenant pool all by itself. Feel free to reach out if you have any other questions! 

Post: RE Investing Boils Down to 4 Steps

James MarszalekPosted
  • Property Manager
  • Tacoma, WA
  • Posts 197
  • Votes 111

1. Generate Leads

2. Analyze Deals

3. Make Offers

4. Rinse and Repeat

These are the only tasks that designate a Real Estate Investor. If you aren't doing these things, I'd argue you aren't an investor yet. Seems simple though, right? You might be reading this saying, "Sure, James, I understand the concept of what you just said, but it's much deeper than that". I've heard that before, and you're right. But, if you wake up every single day without a deal and without a lead, remembering these 4 steps and applying them will get you in the right place to win. 

I'd encourage everyone reading this to go out and find 1 deal a day. Want to do a fix and flip? Pick a property (or get an agent to send you one) EVERY SINGLE DAY. Pretend! Pretend you have the money in the bank right now to finance the purchase, closing costs, holding costs, and renovation. Everyone wants to get hung up on the money! Assume money is no problem. Look at the deal itself. Analyze the deal. Estimate costs, and start putting together your puzzle. If you did this for a whole month straight, you'd know exactly what to say to a money man investor once you found the deal of a lifetime because you've got analyzing the deal in your muscle memory! 

As an agent/investor, I see SO many new people paralyzed by their own fear of the unknown. I'm telling you from experience, jump into this with both feet. It's like playing Wargames. Hundreds of scenarios are played out to find the one that ends in victory, but you can't come to find that scenario until you run through all the rest! Don't be afraid of the unknown. Put the ammo and tools (education) in your arsenal so nothing scares you! With the right resources, and an open and creative mind, there isn't a deal that you couldn't do. 

Last word: I told you not to worry about the money. Because if the right deal comes along, and you don't have the money, you'll have the motivation to go out and find the money. So, while you're analyzing deals, and building up your knowledge arsenal, start building relationships. Get infused into your local community. Meet one person who knows 100 people. Meet contractors and lenders and agents and other investors and other people just like you!  

GOOD LUCK!