All Forum Posts by: Annie Johnson

Debt free*

@Steven Maldonado

We started investing before debt was paid off and because we did we were able to be Dept free much sooner!

@Jared Mann

I would let them know there has been issues with the sewer line and that it is very important to not flush feminine products. Only toilet paper. Even flushable wipes have been known to cause blockages.

Right now we won’t make an offer on anything that doesn’t take home $200/door. That way we know we have a little wiggle room and if something comes up we won’t go negative. I remind myself these two things-

1. To get 1 good deal accepted you may need to put in dozens of offers that are denied

2. Run your numbers with the lowest rent and highest rehab prediction

Hope this is helpful!

I need more house hacking ideas. We are renting a home in North Seattle. We are a family of 5 and can’t currently house hack in our current home and have even considered moving out of our area or state to have more options. We would really like to stay in Snohomish County. I know there are more ideas to house hack that don’t involve a million dollar home with a mother in law. Or a home where I’m sleeping in the living room with my husband and children. Tell me other options!

Please recommend books or resources to help us with our first large multi-unit property. We want to make the leap but want to do our due diligence. We analyzed the best we could figure and plan to look into more. any insight in this area would be great. 

Investment Info:

Single-family residence fix & flip investment in Snohomish.

Purchase price: $330,000
Cash invested: $10,000
Sale price: $385,000

Bought this home in downtown Snohomish in hope of staying for a while. Had the opportunity to sell and move so we took it,

Investment Info:

Single-family residence buy & hold investment in Poulsbo.

Purchase price: $235,000
Sale price: $450,000

3 bedroom newer manufactured home on 6 acres. After logging the property we took some of the money to clear stumps and build a fence. Ready to sell but unhappy with list price ($275,000) we decided to try renting it out for a 12 month lease! That is when we first heard of Bigger Pockets. Rented it for a year and price went way up. Split our 6 acre lot into two lots. Sold the home for $340,000 and the second lot for $115,000. The best deal we have made yet and we were not even trying!

What made you interested in investing in this type of deal?

Did not know we were making a deal

How did you find this deal and how did you negotiate it?

n/a

How did you finance this deal?

native loan 184

How did you add value to the deal?

Buy and hold I think

What was the outcome?

A great deal

Lessons learned? Challenges?

Manufactured homes can make a great deal if in the right market and right place

Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?

Cathrine Arlen Kingston, WA

Investment Info:

Single-family residence buy & hold investment in Poulsbo.

Purchase price: $235,000
Sale price: $450,000

We bought our first family home- a 3 bedroom newer manufactured home on 6 acres. Not knowing we could make money renting it or having any plans to sell it we logged the property and made $5,000. We took some of the money to clear stumps and build a fence. We were ready to sell but were not happy with the price our real estate agent wanted to list it for ($275,000) so we decided to try renting it out for a 12 month lease! That is when we first heard of Bigger Pockets. Rented it for a year and price went way up. Split our 6 acre lot into two lots. Sold the home for $340,000 and the second lot for $115,000. The best deal we have made yet and we were not even trying!

What made you interested in investing in this type of deal?

Did not know we were making a deal

How did you find this deal and how did you negotiate it?

n/a

How did you finance this deal?

native loan 184

How did you add value to the deal?

Buy and hold I think

What was the outcome?

A great deal

Lessons learned? Challenges?

Manufactured homes can make a great deal if in the right market and right place

Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?

Cathrine Arlen Kingston, WA

My husband is from Gerry NY. About an 1.5 hours from Buffalo. We just became landlords a little over a year ago and we are looking to invest. So many cheap properties in Jamestown, NY $13,000-$50,000. Anyone here investomg in this area?