All Forum Posts by: Collin Wisdom

@Aaron Nelson Thank you for the reply. I checked out the cozy webpage it looks great. Thank you for the info. 

@Christen G. Have you been financing these properties with a traditional loan or using the BRRR strategy they talk about on BP? Also do you have any tip on handling that many units at once? I was looking into different online services that you can use to collect rents. What do you prefer?

@Jesse Kindra Those are excellent ideas thank you!

@Christen G. Are you using a property management company for all of your properties? Any pitfalls for rentals in this area you've encountered? Thanks again for sharing all of this I really appreciate it. 

I have seen nothing close to the 1% rule personally. I am putting an offer on a single family home today that is an easy fixer that I can get some equity out of and I think will be a successful rental in the future (successful meaning cashflow beyond the mortgage and expenses) however its not really close to 1% rule.

@Tyler Barranger I will keep that in mind. Thank you for the advice!

@Lane Kawaoka I hear what you are saying definitely. What area did you move your investing to? 

@Jesse Kindra That is awesome congratulations on your deal. Yes 2-4 units would be ideal at this time for me. Your success is encouraging I think you are right about building relationships. RE Investing is a team sport as they say. Thank you for your response!

Hi Christen G,

Well my current situation is that I live in Seattle (Ballard area) and I am looking to move south to Tacoma into a home that will be a good rental property. Either multi-family or single family would possibly be fine. I would like to buy and hold with this property and occupy it for a year or so and move on to another to build a portfolio. 

I have a pretty good chunk of capital and access to VA loans. I am working with an agent currently and we have been looking for about a month now. I am trying to be patient obviously and looking for the right deal.

The Tacoma market is a lot hotter than I was expecting. I suppose everyone is getting priced out of Seattle. 

Hello BP Investors!

I'm a new investor looking for rentals in the Tacoma/Seattle area but using the criteria that the experts recommend it seems like nothing is a good deal. I have been looking at multi-family homes (some single family as well). So far it seems if it's on the MLS it's not a deal. Starting to wonder if I should be looking at other real estate strategies (or other geographic areas)?

Any tips from local investors on how to make this work?