All Forum Posts by: James Scott

The best thing you can do is talk to a lawyer. They can draw up a contract that you can use over and over in your wholesaling efforts. Also, you have to be very careful in Washington when doing deals on properties in pre-foreclosure.

The first thing I tell clients is to first figure out how much house your budget can handle. You can guesstimate this using online mortgage calculators or contact a mortgage broker who will be able to give you much more exact information. Also, the mortgage broker will be able to give information on programs for first time home buyers. Once you figure out how much house you can purchase, it will be a lot easier to see how and where the market aligns with your goals.

If you want to talk with mortgage broker, feel free to PM me your contact info and I'll arrange an introduction to one near you.

Don't know a breakfast meeting that is going, but REAPS (Real Estate Association of Puget Sound) have a monthly Deals and Meals at the Poodle Dog in Fife. The next one is 1/9/17 at 6:30pm.

I'm looking at buying a 4-plex in Grant County out near Ephrata in a place called Soap Lake. All the numbers seem really good (it's a 3% deal), but with it being in such a rural location, I'm worried that if I get it that I won't be able to keep it rented. Anyone know what the rental scene looks like out there and how good of a chance would I have keeping four 1 bedroom units rented.