All Forum Posts by: Joel Thompson

@Kyle Robarts I work for a lender that does Texas fix & flip, and long term loans for rentals.

Happy to chat, if you’d like some specific information.

@Robbie Williams way to set yourself up! There are a lot of great deals in Spokane to be had, and the city has really changed in recent years with as many people as are moving there.

@Ethan Leach welcome! I'm in Bothell, investing locally, and also actively looking to purchase in Texas (San Antonio).

I go to a BP meet-up in North Seattle every month, I believe its the 19th this month, at Lantern Brewing.

Would be happy to connect some time!

@Kylynne Kennedy what a hassle! I feel fortunate to have never dealt with an issue like this before.

If I was in your position I absolutely would not offer them the option to renew. Considering the tension between you two, I'd imagine that this will not be a surprise to them. You may want to consider inspecting the unit prior to notifying them that you will not be renewing their lease. This will give you an idea of the state prior to them vacating, and you'll be able to tell what damage they've done during move out.

Inherited tenants can be quite a hassle and it sounds like you've experienced that to a greater extent than many of us do.

Good luck!

@Justin Arrington I attend an event in North Seattle that always has a good turn out. Would be great to meet you!

https://www.biggerpockets.com/forums/521/topics/717641-north-seattle-real-estate-investors-happy-hour

@Adam Wilkinson Fixated puts on great events and it looks like they're planning events in the area:

https://www.meetup.com/Fixated-On-Real-Estate-Tri-Cities-Chapter/

Here's another as well:

https://www.meetup.com/Tri-Cities_Entrepreneurs/

I've been looking for some as well, and these are a couple I've found outside of local REIA meetings

@Britta L. Madison welcome!

There's a monthly event at a brewery in North Seattle that I go to. There are people at every different stage and all are good folks. You should come join us!

https://www.biggerpockets.com/forums/521/topics/717641-north-seattle-real-estate-investors-happy-hour

Well done! Love what you did with the outdoor space in the back.

What lake is this on?

@Ross Dolbec buying a house a year with a "low down" loan, living in it, rehabbing, then refinancing, renting it, and moving to the next is a great strategy.

It's likely that you won't get your rehab costs out when you refi because you'll be around 90% LTV at 370k all in. At your PP you're closer to 85% LTV (provided $415k is the current value).

@Tyler Worth you coming next month?