All Forum Posts by: James Marszalek

This week, we are analyzing a Tacoma duplex property in person. Like a Fix and Flip Real Deal Tour, our mission is to determine some key facts: 

- What cash flow can we extract out of this property?

- What monthly costs/expenses do we have?

- What is our Maximum Allowable Offer?  

- Will this be a Cash Flow Positive Property? 

- Should be Pursue this property? 

- What is our Exit Strategy? 

Bring a pad and pen, and a flashlight! I will bring comps! 

Property is Vacant, you are welcome to do a drive by to begin the analysis early, if you so choose. 

This event is designed to build your muscle memory for analyzing deals! Looking at a property on paper and in person can be VERY different. This is an opportunity to check out an investment property that is active on the market right now. 

Sponsored By:

The Washington Real Estate Investors Club:

https://www.facebook.com/groups/WashingtonInvestorsClub/

and

Operation: Red Dot Real Estate

https://www.facebook.com/OperationRedDot/

Please invite your friends, and RSVP above! I look forward to seeing you all! 

Keywords:

Pierce County, King County, Tacoma, Puyallup, Lakewood, Spanaway, JLBM, Graham, Yelm, Olympia, Lacey, Bonney Lake, Auburn, Kent, Renton, Bellevue, Seattle, (Even Montesano).

@Don Karunanayake, Welcome to the club! Congrats on making it the last 10 years as an agent, that's something all in itself. I'm blown away at the amount of agents who aren't also investing. They leave SO much money on the table. If you're ever down in my neck of the woods, let's sit down and chat! 

What's up BP? 

I'm in the market to pick up 2 or 3 flip properties right now. I'm a licensed agent, and active investor. Looking for a couple single family homes in Pierce or King County. 

Please put me on your buyers list! My contact info is in my profile. 

Feel free to reach out, I'm ready to pull the trigger!  

Right now, the only criteria I want to give you is the property needs to net at least $40,000 after taxes and expenses. Aside from that, I'll look at anything you've got. 

This week, we're going to be taking a step back from our normal education curriculum to open the floor up to all questions. This is going to be your opportunity to formulate a list of any and all questions you've been contemplating lately. 

This can be especially valuable for new investors, who can fill in some blanks on topics they may have been confused about. 

Some of the topics that I'm going to discuss: 

- Investor Psychology

- How to use your agent

- Vendors

- How I invest, and what I'm looking for

- Guru's

We've been focusing on building every one up since the beginning of 2017, and I feel like we should circle back and look at everything we've talked about so far, and make sure we're all solid! 

We've got some great special guest events and real deal tours coming up in the next 2 months, so this will be a great casual night to have open conversations, and network with eachother! 

I know a few members of the Washington Real Estate Investor's Club have properties under contract and they are wholesaling them. If you're buying flips and rentals, this will be a great night to come learn about those properties too! 

Sponsored By:

The Washington Real Estate Investors Club:

https://www.facebook.com/groups/WashingtonInvestorsClub/

and

Operation: Red Dot Real Estate

https://www.facebook.com/OperationRedDot/

I look forward to seeing you all! 

From now on, all of our investor weekly events will be held on Tuesday's instead of Wednesdays like before. 

Keywords:

Pierce County, King County, Tacoma, Puyallup, Lakewood, Spanaway, JLBM, Graham, Yelm, Olympia, Lacey, Bonney Lake, Auburn, Kent, Renton, Bellevue, Seattle, (Even Montesano).

I agree with Isaac. Good luck and happy house hunting! 

@Mike Bassett
Welcome to the club! I want to tell you right off the bat: There's enough information here that you could stand in front of the fire-hose and get blasted for years. You're starting a journey to answer "You don't know what you don't know", and that can be very frustrating, and exciting all at the same time. I help new investors with strategic positioning, and getting them in the right mindset, and building the right toolbox to move forward. I see you're coming to the real deal tour this Wednesday, that's a great start! If you're open to it, I'd love to sit down and grab a cup of coffee with you, and we can talk about some of the main steps that you should be doing to get yourself ready to make your first offer. 

More than anything else, I teach the Washington Real Estate Investor's Club one simple rule: 90% Preparation, 10% execution. Real estate is not something you can learn and master at a 3 day bootcamp, and the education that you build your empire on has to be realistic, and accurate. If you're looking for some help in sifting through everything you're seeing, I'm happy to sit down and chat for a while. In the meantime, good luck, and happy learning! 

Hey all, 

Just sharing this again, since the networking event's map is still all messed up. Would love to have you guys join us for our weekly Washington Real Estate Investor's Club Meeting! Here's the details! 

https://www.biggerpockets.com/forums/521/topics/410250-role-play-how-to-talk-to-sellers

Hey Anthony, 

Sounds like you've already dipped your feet in the water, congrats! 

We do a lot in this area, and I'd love to connect! I host weekly investor events in Puyallup, we'd love to have you! 

Here's the link to this week's and next week's events: 

https://www.biggerpockets.com/forums/521/topics/410250-role-play-how-to-talk-to-sellers

https://www.biggerpockets.com/forums/521/topics/411802-analyze-a-flip-property-real-deal-tour

Also, here's a great FB page where you can get updates and connect with other investors in this area: 

https://www.facebook.com/groups/WashingtonInvestorsClub/

It's time for our last event of the month! On this night, we will meet at the property listed above, instead of at the Gateway Office.

Bring a Pad and Pen, and a flashlight!

We will:
- Generate a Scope of Work
- Estimate the cost of the Scope of Work
- Establish our Maximum Allowable Offer
- Decide: Do we want to flip this house?

We will start at 6:00pm Sharp!

You are welcome to drive by the property, and begin to research anything that can help you make your decision on whether or not this is a property you want to flip.

Hint: Sellers break-even point is $325,000.

Sponsored By: 

The Washington Real Estate Investors Club:

https://www.facebook.com/groups/WashingtonInvestorsClub/

and

Operation: Red Dot Real Estate

https://www.facebook.com/OperationRedDot/

I look forward to seeing you all! 

Hi Kelly, 

I think I fit that criteria. Check out my profile and let me know what you think, I'd love to contribute some value to your operation!