All Forum Posts by: Jake DeAtley

@Bjorn Ahlblad Yes that may have been Kevin Romines, but he primarily does residential and small multi :) 

@Curtis Bidwell Thanks! I have spoken with Ken in the past. I will have to loop back around. Do you think he'd be someone that would be open to speaking at one of our future meetups?

@laurie thanks! Dm'ed you!

@Bjorn Ahlblad Yes that may have been Kevin Romines, but he primarily does residential and small multi :) 

@Curtis Bidwell Thanks! I have spoken with Ken in the past. I will have to loop back around. Do you think he'd be someone that would be open to speaking at one of our future meetups?

@Laurie Horning thanks! I have dm'ed you! 

Hello! My name is Jake and I am an investor based in Thurston County. More specifically I am based in Olympia, WA. I am a residential broker, however I am interested in connecting with an experienced commercial multifamily broker in the area. This would be partially for personal interest as I am looking to acquire a small to medium sized purpose built apartment building, and also so I can ideally establish a solid relationship and refer future clients and colleagues that have commercial needs to this individual. I am also looking for financial institutions that lend on 5+ unit multifamily in the area. Thank you all for any and all recommendations you may have! 

 Just to let you know, Chehalis Sheet Metal and Roofing is owned by the same owners of Roof Doctor as well, so dont contact them thinking your getting a second bid! I just had Brandon w/ Hall of Framers sub out a roof for a client of mine and they were great. Not sure if his subs do a flat roof, but I'd recommend trying him if nothing else he is also a good GC contact. 253-324-6254

Hello! This virtual meeting is for those that have a desire to help shape this group going forward and those that are willing to provide suggestions to some decisions I am looking to make. The first official in person event will take place on the 4th Thursday of May, which is May 27th at 6 PM (please find this event and RSVP!)

Also, I am casually looking for someone that is interested in really stepping up and working with me to make this group as successful as it was in 2019 and beyond! If you are interested in getting more involved and possibly co-hosting with me, please let me know and we can chat! I look forward to meeting again in person!

Join Zoom Meeting

https://us05web.zoom.us/j/89844660036?pwd=SS9LOWFUcnBBVXpOM1FldjU5L0ZBZz09

Meeting ID: 898 4466 0036
Passcode: j2N4xi

*tags- olympia, lacey, tumwater, mason, lewis, pierce, grays harbor, MF&M, investing, realtor, investor, creative finance, team building, mindset, REI, thurston county, tacoma, washington state, lender, inspector

Hello Olympia RE Investors! My name is Jake DeAtley and I am with Sitka Property Ventures (and John L Scott). I co-own and self manage 16 rentals in Thurston county and am looking to level up and I hope you are too!
I am super excited to announce our first in person meeting on the 4th Thursday in May! This is May 27th at 6 PM! This will be primarily an outdoor event (with some indoor space available). As you likely noticed, we have rebranded under the Multifamily and More umbrella! This is an awesome network that will allow us to access more resources and really enhance our networking going forward. As the name suggests, there is more of a focus on small/large multifamily, however we are also really big on mindset, business tools, networking with other industry professionals and other forms of real estate investing, so all are welcome!

This first meeting is going to be discussing the importance of the real estate team and why you need to have one! If you have experience, you may be asked to share your thoughts on the importance of team building. You may also find a preferred industry professional via referral! The ongoing half a dozen or so meetings following this one will spotlight speakers that could be a part of your REI team and we will have interactive discussions with these folks to talk about why you need them on your team and what value they should be providing you.

This event will be catered with light food options and is BYOB! Please feel free to bring a some beer or a bottle of wine with you :)

Please consider being a part of this groups success and invite all of your investor friends to the brand new Facebook group and please also engage with us!! -
https://www.facebook.com/groups/olympiamultifamilyandmore

*tags- olympia, lacey, tumwater, mason, lewis, pierce, grays harbor, MF&M, investing, realtor, investor, creative finance, team building, mindset, REI, thurston county, tacoma, washington state, lender, inspector,

ALRIGHT EVERYONE! HERE IS THE BIG ANNOUCEMENT!

DONT MISS OUT!

I am pleased to announce that we are rebranding our meetup group and will be under the national MULTIFAMILY & MORE networking umbrella. Thus, we will now be referred to as the OLYMPIA CHAPTER- MULTIFAMILY & MORE. This is a very exciting update that will bring in additional resources, structure, speakers, and will allow for the same great networking, but with more of a focus toward Multifamily (rentals in general), all while still allowing for us to discuss the other fun investing tactics with the “More” in the name “Multifamily and More”. Another big aspect of this group is mindset which will also be a big part of the “More”. As part of this update, we now have a new Facebook group, so please jump over and join!! - https://www.facebook.com/group...

There you will find a video of me talking with the founding members of the group on the Facebook page so you can better get to know what they are all about. I expect this change to allow us to really level up our networking and thus, level up our investing! Looking forward to seeing you all at our first in person (outdoor) meetup next month. Stay tuned. I will be starting to invite more people to the group this week now that we are all settled!! 


WHAT IS MULTIFAMILY AND MORE ABOUT?

Our Goal: Give More, Be More, Do More

Give More: This is a safe space for learning about multifamily investing- whether you are a seasoned investor or just beginning. We strive to focus this group to add value to you each and every day.

Be More: We believe apartment building investing is one of the best ways to build long term, passive income for yourself and to your investors. Beyond that, we will have weekly live streams from successful entrepreneurs going into the mindset and skills that led to their success.

Do More: "Knowledge without action is merely entertainment." This group is an collection of action-oriented, high achievers striving to push themselves and their peers to new heights.

Learn, Contribute, Network and Take Action.

tags: olympia washington wa thurston lewis mason pierce washington state oly tumwater lacey wholesale flip commercial str networking mindset learn educate grow 

(This posting is not an event, however we will post the in-person outdoor rooftop deck event for May very soon)

Hi Jesse, you can shoot me a dm with your email and I'd be happy to send you a blank copy. My forms are from the NWMLS which is based primarily in Western Washington though. 

Hi @Dennis Guinto, I don't think we could give you very good advise based on the limited information presented. It totally depends on your goals. If you want to build long term passive income through cashflow, maybe you keep it (because its hard to find cashflow rentals in WA right now), maybe you sell it (because those proceeds could produce a higher cash on cash return elsewhere). If you don't have anywhere to put the money right now, maybe hold onto it. Especially if you have good property management. If you want to sell within the window so you dont have to pay capital gains, maybe its not a bad time to sell (live in the property 2 of the last 5 years excludes up to $250K in cap gains per individual). 

@Dario Martinez, ultimately sellers are looking at their net at the end of the day, so if you are willing to offer $7k more and ask for a $7k credit toward closing costs, as long as it appraises, you can essentially finance the closing costs into the loan. Of course, its very competitive, so its difficult to find cashflow in Pierce County.