All Forum Posts by: Account Closed

@Gina Jeannot excellent summary of Everett! Thank you! Where did you get your $635M number? 

Option 1 and buy a four plex, not a duplex. Better cashflow and typically lower price per door. That’s my two cents.

@Aaron Flake welcome! Everett rocks! I have nealy 60 units there like your dad.

How are your dads’ rents on his units? Are they close to market or pretty low?

I ask because my dad also has done real estate investing on the side since the early 80s and at his height had about 30 units (down to less than 10 now). He is an “old school” landlord and does everything himself. Now that I am in the rental game myself, I see how much money he has left on the table by doing it all himself over the years. He’s had essentially zero vacancies for 10+ years but his rents are 60-70% of market rate and he just burned out and quit growing at some point.

My goal is 100 units too 😃

Buy Fourplexes and maximize the number of units you can with you're VA benefits. It will be tough to get to $8k/mo with SFR but with Multics it is totally doable. We just hit that number after 5 years in the multifamily sector. We are trying to get to $20k/mo

@Matta Nguyen buy a fourplex in Everett, then it is only 25 minutes away. I manage 100+ units in Everett and live in North Seattle. Returns in Everett rival Tacoma but of course the deals are harder to find up there since the population is lower.

Whatever you decide, good luck and jump in! It is a good life.

 We just picked up buildings 11-13  on Wednesday which gives us 11 mortgages (last three were bundled into a single note). All buildings are multi-family so it is not so much the mortgages that are the biggest hassle but the utilities that are a pain! It is a good pain though : )

This is great! If I posted deals I’ve made on here, someone would’ve tried to talk me out of every one of them. If the deal @Ryan Rogers works for you I say go for it!

Actually pulling the trigger is half the battle around here. Having this mentality mixed with good insight has lead me to my current portfolio of 55 units up in Everett. We are cash flowing hard and I love it. Alot of people have been telling me I’m crazy all along the way but now those same people are telling me I’m “lucky”.

 🤣🤣🤣🤣

@Adrian Chu    Kudos! Has it already sold? If not, please post progress here.

@Kishor Y. start with multifamilies. You could own 40 doors with 10 fourplexes or 10 doors with 10 SFHs.