All Forum Posts by: Jake DeAtley

Hi @Lukas Anderson! I filed my taxes for 2020 the day before it was due this year and it was a scramble! So I totally get it. It looks like you and Mallori have been busy! Good work! My understanding is that you will be subject to a penalty, but it is what it is! Cost of being so busy and getting pulled so many directions!
I have two recommendations for you, however both might be hit or miss. 
My current CPA is a wizard and specializes in real estate, has been doing it for decades and has no qualms about getting the max deductions and defending his clients against the IRS (if/when needed) but he is SUPER busy and not a great communicator.. you can give him a try, his name is Joe Koval (solo owner/operator) and is here in the local area. Second, one of my fellow RE brokers has a trusted CPA that he has recommended to me, but he is out of state and I have no direct experience with him. His name is Petr Fesyuk (correct spelling) with PFC. Both guys specialize in real estate. If you want their direct contacts, shoot me a DM! 

@Mike Sebastian I may be able to help! I just helped a client purchase a property in the Gateway Commercial zoned area and we had some complications that lead to a meeting with the city planning and building department. Thus I feel confident in navigating any questions you might have and am familiar with that market! Feel free to reach out. 
Cheers

@Anna Bee What markets are you looking at in Washington? I'd be happy to run some numbers with you and compare! In this market, you really need to make a deal, as its unlikely that you will just find one of the MLS. Be sure to calculate based on market rents rather than current rents as well!

@Thomas Myung Good work! 

@Tony Clark nice pickup at $800k! I was looking pretty closely at that property! I host a local meetup here in Olympia called Multifamily and More - Olympia Chapter. Hit me up if you want to join our private FB group or look us up on meetup(dot)com!
We are meeting at my office this coming Tuesday at 6PM (every 4th Tuesday of the month) and it be happy to chat about a good strategy for this! We usually have 25+ local investors and industry pros come hang out! Good guest speaker as well. Cheers

*This will be a high value meeting with real world examples from a local and successful real estate investor*

Getting started with no money down and little direct experience in real estate, Curt Bidwell’s story is one that most of us can appreciate and even work to emulate. Featured on the BiggerPockets podcast episode 95, Curt outlined how he started in real estate over 30 years ago and has since built up a portfolio of over 100 doors and mixed-use commercial space. Curt has participated in multiple 1031 exchanges, executed no money out of pocket partnership buyouts, and various creative methods to grow his portfolio. Join us September 28th as we do a deep dive analysis on one of Curt’s properties and learn how you can also turn real estate deals into high performing, high cashflow assets by purchasing right and having a well thought out plan in place. See you then!

Tiana Kleinhoff is an experienced property manager, business owner, and entrepreneur. Tiana started her business in 2014. Since then Tiana has grown her property management business both organically and through acquisitions. Join us at the awesome John L Scott office and rooftop deck to learn more about her business and to also discuss a real example of a mid-sized multifamily deal in our local market! This event is free and a $5 donation is appreciated! Food and soft drink is provided, feel free to BYOB

*Feel free to look us up by name on FB groups or meetup. com as well!

@Kayla-Kahaunani Sunada Welcome to BP! The Tacoma market is great! I try to stay out of King county personally due to landlord-tenant laws. If you have any interest in the Olympia market, consider checking out my local meetup group down here! Feel free to shoot me a DM if you want that info :) our next meeting at the end of the month will feature a local property manager. 
Cheers 

As @Bjorn Ahlblad mentioned, I think heat pumps are the way to go. That way you'd be able to offer AC as well and that would definitely increase the desirability of your place. 

@Kenneth Hynes I think what Dave is referencing above is what's called a reverse 1031 exchange. Locking up the new property prior to selling what you have. I would recommend selling your SFR's' vacant if you can. This will generally be smoother for showings and will allow for more competition as you will discourage some buyers with tenants in place. I hope you find a good solution! Feel free to reach out any time if you want to bounce any ideas around. I am an investor, broker, and REI meetup organizer here in Olympia!