All Forum Posts by: Dylan Petersen

Hey James!

I would not give up on the multis.

The down payment will vary. You could get in on literally nothing down if you were to buy a single family and rent out the rooms.

I’m a realtor in western wa, I work a wide range of area and I love talking to fellow investors.

360-941-6840 - text or call me sometime and let’s chat a bit about options.

@Preetinder Singh

I’ve been at coldwell, eXp, and am at Keller Williams now.

I’d say Keller Williams would be the place to start.

I wouldn’t recommend coldwell to anyone. Nice people where I was, but I’d recommend the other two comparatively.

@David M.

Thanks for the response. I would appreciate anyone you could get me in touch with.

I don’t mind hustling extra hard. Would the best course of action for me to take another welding job on night shift, go back to work for 2 months, and just qualify based on that?

I hate to do that because I’m giving up time, but that gets me closer to my goal.

Any advice or suggestions would be amazing.

Hey guys!

So here’s some background about me:

I have been a welder for almost all of my adult life.

I bought a triplex which I house hack in Tacoma, WA just over a year ago.

I am wanting to rent out all units and buy another small multi family to house hack.

But here’s the kicker.

I also got my real estate license at the start of the year.

Up until July 31st, I welded full time/over time at night and sold real estate during the day.

The project I was on finished, and I decided to dive DEEP into real estate sales.

In September I made just under 100k in gross commission income. Now I have to pay taxes, and part of that paid off my split with my brokerage. 
but I still am left with a huge chunk and I am on track to have another killer month this month. 

The only thing is, I have gone from hourly to commission pay. All of the lenders I work with on a normal basis tell me I need to have 2 years of commission pay to qualify for owner occupied loans. 

What options do I have?

Should I try to find a job at night again (hard to find in my area and field) and just hustle hard until I can qualify based off that income?

I really don’t know a lot about the other types of financing. I’ve heard of non-QM loans. I would love all you guys who know the finance side to give me your take and any knowledge or suggestions.

thank you in advance!

Has anyone had luck with Bold Leads? Or Zillow? I’m wanting to get more leads from outside our sphere and expand our team - I was wondering what others experienced with these companies.

Thank you!

@Donald Thomas

Congratulations! I’m in the Tacoma market but I keep my eye on what’s going on down there. That is a smoking deal! Great job committing and taking it. Hope the rehab goes awesome and the refinance goes great as well. I know a great lender down there if you aren’t sure where to go for the refi.

Once again, congratulations!!

Yeah I have my ducks in a row and there are plenty of issues that came up that validate exiting the transaction since they were denied to be addressed by the seller. 

Right, I just figure its worth a shot to ask. Just wanted to make sure it wasn't just a crazy thought I was having that couldn’t happen. 

The deals that I’m hoping to get one of the properties that are multiple houses now are in Bonney Lake and Auburn.

Hey, my name is Dylan, been reading the forums here for a while but haven't really posted. I was about to close on a house with an ADU and rent it out while living in it, but as things progress it seems like the deal is turning out to be not so great. After inspection, I asked for a few repairs or a price reduction, and they gave me a very small reduction in price after asking for a "verbal agreement" for something closer to my request. So, what was offered to me on paper was not what was verbally discussed and Im starting to think my best bet is to walk away from this one.

That’s some back story, now here is what I’m looking for help for. I have seen a few duplexes in bundle deals. Is there a way I can reach out to the seller and see if they will sell just one of the duplexes? 

Also, I’m looking for a good real estate agent in the area, hoping to find one who has an investor like mindset this time. Also, open to lenders. I have been approved through three that I have tried, but I’m not sure if I’m getting the best deals. Thanks for any help.

Id rather have the scenario where they pay the closing costs and the 3k is put into the loan. 3k now is worth more to me than 3k over 30 or 15 years