All Forum Posts by: Andrew Sanders

What is the best book, or learning material in general, for learning market analysis. Preferably rental property specific, but anything is useful. I've come across a few text books, but I'm hesitant  to spend that much time and money on something I fear may end up being a waste of time(text books are rather hefty and pricey). 

@John Barrett I have a pretty good idea of what I want, to start anyway. Long term goal is a bit more hazy, but it's coming into focus as i continue to learn. 

That is exactly how I am looking at my W2, and how I justify it to my wife (working nights that is). However my goal is to get to the point where I no longer need this job. I don't plan to stop working all together, but I want to get to a point with RE that I no longer need this specific job. 

@Char Tovar thanks, that's super useful! 

@Sherief Elbassuoni I've noticed the high price, especially recently with the crazy market jump. I'm a bit worried about rent not matching the rising prices of houses in the state. Have you noticed any issue in that regard?

Washington state investors, have you done any deals in Yakima? if so how is the market? 

Based on some quick preliminary research, it seems like it could be a pretty good place for me to start investing. All information is appreciated!!

@Bryce DeCora what was your job before? I ask because that is literally my driving force right now. I absolutely hate my job and how much time it keeps me away from my wife and daughter. But it pays well and I cant just quit without replacing the majority of my income. It's a very daunting prospect..... I'm worried I'll be stuck in this job for many years

@John Barrett got it. I'm part of a few Fb groups, mostly wholesale groups for the listing (although I haven't technically started investing yet). Do you mind sharing a bit of your experience with investing in Washington? It seems like it may not be the most beginner friendly state. 

Just starting on my real estate investing adventure and I have a quick question ( I actually have a ton of questions, but that's not the point currently). Is anyone here on BP part of the Washington state REIA, and is it worth it? How has it helped you?

Thanks for all the responses! I completely missed all the notifications as they were posted (not sure why.....). Basically, what I'm reading is; learn my market. Which I feel should have been obvious to me lol. Again, thanks for all the advice, I'm super pumped to find my first property in the next couple months!

I am just getting into investing and am working on determining my niche, I know my current goal is cashflow over equity. Simply because my short term goal is to be able to quit my W2 job. Once I have reached that goal I plan to transition into a different area with a greater focus on equity. My question is: what is the best way to build cashflow, particularly when starting out? Should I focus on single family or multi-family? Or is there some third option that would work better? 

@Joe Aiola that's the plan!! I had that realization a week or two ago. Been watching a lot of youtube, Ryan Pineda, Bigger Pockets, etc.. and realized I wasn't actually taking steps. So I started the process to empty my 401k. Partially to have the money on hand to start with REI, but also because I'm pretty sure the stock market is gonna take a pretty big hit befor too long. I don't plan on dumping it all into one property but more to have it as a safety net (gotta be safe for the family).

Thanks for the advice!!