All Forum Posts by: Brand Seet

@Chris Williams I believe I took a look out there but didn't put as much effort since I'm from the battleground near portland! But I might just take another look.

@Art Mimnaugh @Jeff Dzado that is a good point I'll have to double check with my lender. Its not an FHA loan its a conventional so I'm not sure if the condition of having to live in it is still there...

@Bjorn Ahlblad how did you go about finding your realtor and PM I think that has been my greatest challenge with OOS I just don't even know where to begin with finding someone I can trust.

Thanks for the reply! If you don't mind sharing what kind of cash flow are you looking at for those properties? And how much are you putting down? Putting such a low amount down really made cash flow calculations tight for me.

Hey All,

I've been lurking for a little bit now but now that I've got my pre approval for 400k conventional 3% down. I've really started to look at multi family properties here in Washington and I just cant find anything that has a positive cash flow or even break even which I might be ok with. I thought about some turnkey companies since that would be the easiest way to invest in out of state. Its an interesting idea to me, but my initial gut feeling says the cash flow might be ok but it wouldn't appreciate or really contribute to overall wealth the way I would like. 

So now I'm really considering an out of state investment that would better utilize the cash I'm putting in. I'm pretty new to the real estate world. Learning everything I can for the past month so I would truly love some help and advice! This has been some of the most fun I've had learning so I'm excited to be here!