All Forum Posts by: Elmer Bonilla

@Zeke Liston I responded to your message

@Kyle Wells great point about killing two birds with one stone! I like that. Also really interested in north snohomish market will respond through message. 

@Brandon Myking what a great tip. Rentals in my area are slightly under or just about as much as my mortgage so I don't think i have much opportunity for cash flow. 

@Chace Fraser thank you for the contact I will reach out to him! 

@Lane Kawaoka thank you for sharing I'm learning quick that cash flow is the key to long term success. 

@Dmtryi thanks I have been consuming lots of podcast lately. 

@Remington Lyman thanks for sharing that article by David. He has so much good stuff that man. I will be ordering my copy of "Long distance real estate investing". 

@Paul Lennick I will respond to your message 

@Sherief Elbassuoni got it, instead of south vs north I will focus on wherever deals can be found. Thank you 

Hey everyone, I’m new to BP this is my first post and really enjoying the awesome info on the forums. I’m in my mid 30s and ready to jump into real estate investing. We moved to the Seattle area almost 4 years ago and purchased our primary residence in 2018 in Snohomish county. I work a full time W2. My wife and I have been discussing ideas on how to start on our investing journey and I was hoping some of you could share some insight on the best approach for a couple with 2 young kids.

We talked about the idea of partnering up on a number of flips in order to learn the ropes and generate some cash to later invest into BRRR properties. I believe this is a common practice (?). We would most likely do this through a HELOC. Thoughts on this?

Another idea is to sell our primary to buy a duplex to house hack and invest some of the money on flips or buy additional rental properties possibly out of state (maybe Columbus, OH) Preferably we would keep our primary and rent it out but would like to tap into our equity to purchase the duplex or other type of small multi-unit.

We're also thinking about purchasing BRRR properties out of state.

My main questions are:

1. Is tapping into the equity of my primary residence my best option to start partnering up on flips and getting my feet wet?

• Considering BRRR in Tacoma, is this still a good market. I've seen cheaper small multi-units in that area. How about Everette and other north cities like Marysville, Lake Stevens, Tulalip

• Is out of state investing a good idea when getting started?

Thank you for reading. I would be happy to connect with members and agents.