All Forum Posts by: Emmett Bond

@Paul Doty, went well! Got mutual acceptance and the property is under contract! Has been poorly managed by an older 1-man operator so has missing records and looks like he was taking cash from some tenants to not have to pay taxes. Anyways we are on the due diligence phase now! 

Ok great! Good to know. By the way, looks like I will get mutual acceptance tmrw morning on an owner financed 4plex just outside of Arlington! Went went and drove the property over the weekend and it’s fully rented, below market rents and doesn’t appear to have any extreme deferred maintenance. We shall see what comes up in the inspection but this is the best opportunity I have seen in a while. 

Shoot. Dec 12th is when I fly down to California for a work trip. But otherwise I would love to attend. 

Maybe the next on in January? 

Hi @Paul Doty, Like you, I am looking for smaller deals right now so I can get some momentum and build my credibility with banks, investors and learn from inevitable learning curve mistakes at a lower “ouch” price point than with a $1M deal. 

Have not attended any of the local meetups but would love to! Are they on a set schedule? When is the next one? 

Hey Paul, what type of deal sizes are you typically looking for? I don’t have any deals myself but as a fellow investor and interested in connecting with other multifamily investors in B ham and Whatcom County in general. 

I am curious to know if any other investors in Whatcom County have recently closed on any apartment properties? If so, would you mind sharing the cap rate on your deal(s) and whether the deal was in Bellingham, Ferndale, Blaine, Lynden or some other part of Whatcom County? 

Thanks!