All Forum Posts by: Account Closed

@Micah Truman how did this work out for you? I am in your same shoes and need buildium running by the end of the month.

Thanks!

@Sam W.

Good stuff here! This is the best I have seen. Thanks for sharing.

@Christopher Bowen

Welcome to the single best real estate tool I have ever found.

Gig Harbor may be hard to find good cap rates in but nearby places such as Tacoma offer some nice cash flowing multiplexes. Same with Snohomish County. I myself own several multiplexes in Everett.

Make sure you take a look at the free Beginner's Guide if you haven't already.

See you around the site!

@Anna Warren Congrats! Where are you "hanging" your license and why?

I plan on taking my test later in the month and have been looking at various firms.

Sounds like some interesting projects Zach. Are you targeting a specific area in Seattle?

@Simon Pedersen

Welcome! I invest in buy & holds up the road in Everett.

How did you find your place in Edmonds? MLS?

@Michele Fischer

That podcast got my wheels spinning too! I live in West Seattle and have found several folks in my zip code who rent their house by the week as vacation rentals. If I could rent my house out for a one week stretch each month, I could cover 75% of my mortgage. Couch surfing here I come! Haha, not really but some good food for thought.

To address your question I think one of your best bets would be doing a nonconforming duplex in Ballard or Wallingford. These are quaint neighborhoods with lots of local flavor and appeal that have lots of MIL unitis or ADUs built into the basements. They are much more reasonable than true duplexes and can be found in very desirable neighborhoods. To your point, not much in ways of cash flow but some great equity paydown and appreciation opportunity.

@Glen Fullerton

Welcome to the single best real estate tool I have ever found. Snohomish County has some great investment properties. I have a few in Everett.

Make sure you take a look at the free Beginner's Guide if you haven't already. http://www.biggerpockets.com/real-estate-investing

See you around the site!

Welcome Heather. There is a wealth of knowledge on this site.

I have an office job in Seattle as well. It helps subsidize my real estate business ;)

@Micah Truman

For me, the 10% does include managing repairs and fixing minor repairs but major repairs are charged.

For instance, when a repair is needed I will visit the unit and if I am able to fix it (clogged sink, new faucet, broken step, etc.) I will, free of charge. If it is a major repair (electrical, need a plumber, etc.) that will be charged straight to the owner with no mark up.