All Forum Posts by: Bryan Vukelich

Investment Info:

Small multi-family (2-4 units) buy & hold investment.

Triplex in N. Tacoma. This was a well performing vacation rental property when we acquired it - our first venture into short term rentals. Alas, our timing was poor given the virus and how it has affected tourism, however we've been blessed to find professionals to lease units on 2-3 month basis.

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

Love the N.W and very fond of N. Tacoma area and this well performing, turnkey property with water views caught our attention as a good opportunity for long term hold.

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

My brother, who is a licensed broker in Washington found it and negotiated directly with the owner.

How did you finance this deal?

Private financing

Investment Info:

Large multi-family (5+ units) buy & hold investment in Boise.

My brother and I purchased this property via a 1031. Wanted to escape the new regulations Seattle was implementing on landlords and we thought Boise would be better environment. Thus far we have been right and have been able to increase rents by over 20% since acquiring.

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

Previous owners was a small group of people which included the builder of the property. They had not raised rents recently and there was a disagreement between owners on how to manage the property.

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

Found it through a contact we have in Boise.

How did you finance this deal?

Bank financing - 5 yr fixed.