All Forum Posts by: Jake DeAtley

@Sean Schneegas sounds like you are in it for the right reasons! That’s awesome man. I’m a local investor (own and manage 16 doors in Thurston) and I run a meetup group here locally as well. We are set to have over 40 investors (or aspiring investors) come out to our Olympia venue this Thursday to network and have a good time! Consider shooting me a message if you want more info! I’m also always down to grab a couple IPAs and chat in a more casual setting!

Be sure to look us up on Facebook Groups! We have about 30 RSVPs across multiple platforms as of 6/14. Looking forward to seeing everyone there. 

Hi @Sachin Sharma I believe my Thurston County market is a good hybrid market, where you can still find cash flow, strong historic appreciation and solid tenant base. Let me know if you'd be interested in learning more! I also don't see the market cooling off for at least 18+ months personally. 

@Jorge Barboza Jr. I am in the Olympia market. I currently own and self manage 16 doors here in Thurston County. I am expecting to tie up another 5 units before the end of the day today. opportunities are definitely less than they were a few years back, but are still out there if you know your numbers and can be ready to pounce when an opportunity arises. Feel free to reach out if you'd like to discuss my market more!

Regards 

Did you know that the eviction moratorium is lifting 6/30/21 in Washington State? Have you heard about recently passed landlord/tenant laws? Guest Speaker and Real Estate Attorney Michael McLaughlin will be sharing his expertise as a RE Attorney of more than 8 years! Join us as we discuss how to navigate these strange times and make sure you are keeping up with the changing laws and regulations! This event is being held on the JLS rooftop deck in downtown Olympia across the parking lot from the Fiddlehead Marina. We will have Pizza and Salad and this is a free event! Our first Meeting in May had almost 40 real estate investors come out and enjoy some great networking and education. Please consider a $5 donation to help with food, marketing, chapter dues and other overhead of keeping this awesome meetup going! Check us out in Facebook Groups my searching OLYMPIA CHAPTER- MULTIFAMILY AND MORE. You can also find us on Meetup.com. 

@Nawal Osman My post was removed because I cant promote a meetup group in your forum! I hope you received my DM and are interested! Thanks :) 

Yes feel free to check us on Meetup. com !

Hello Austin Texas BP investors! My name is Jake, I am based out of WA state. I own and self manage 16 doors in my neck of the woods and am doing a quick solo visit to Austin TX this weekend. If there happens to be any investors in the city that would be interested in grabbing a beer,  I am all in! 

Assuming your hard money lender wont offer the rehab budget with the loan (which might not be the best option anyways), a decent option (if your business has been around long enough) might be to try and qualify for 6-12 month interest free business credit cards, which could be a short term solution, however if you have some property with equity, in my opinion a HELOC would probably be your best bet.

You should consider calling Rob Trickler (RE Lawyer and president of the Washington Landlord Association). He gets probably 50+ calls a day, so you might not get him right away. We just had a zoom meeting last night discussing how/when to notify tenants on termination, rental increases, etc. his number is-  425-303-8000
As @Brad Hammond mentioned, the rules are much more relaxed for owner occupied homes. It is my understanding that you only need 20 days notice and that you cannot give it until July 1. 

 Congrats on the decision to jump in and moving to a great area!
I am about 30 mins south of you in the Olympia market, but happy to be a resource for you. I also am spinning back up a previously successful meetup group down here in the area. we have our first meeting of the year on a rooftop deck in downtown Olympia. Shoot me a DM if you want an invite!