All Forum Posts by: John Mark Waide

My fiance and are under contract with a new rental. One of the tenants is month to month and we will need to move in within 60 days after closing. We are new to rental properties and are wondering what the best way is to remove the tenant? He's been there for 5 years and is on a fixed income and he's also a hoarder. Should we write a letter explaining that we need to move in as the new owners, or not go into any detail and just ask him to leave? Thanks!

@David Clinton III Awesome! I will definitely check both of those out and I would love to grab coffee! I should be getting back to the Spokane area around Dec/Jan. Thank you!

@Dan G. That's some really good advice and thank you. I will definitely check that book out. I love good book recommendations. We have actually met once before. I worked for the Downtown Spokane Partnership and you gave me your business card. I also remember seeing you around the EWU campus.

@Brandon L. Thank you! I will check those links out.

@Marlon Fong Thank you very much! I love this site and will definitely do that.

@Charlie Stevenson That's an awesome tag line! You could tweet that. I know it's impossible to time the market and no one can predict the future. I was mainly thinking having a higher income would be more beneficial in securing loans and scaling faster, and there could be a possibility that the market would cool off by then. But of course it could just get hotter.

@David Clinton III From what my friend says there is a pilot shortage right now and will probably last for the next few years. There are a lot of variables (as ini everything), but it should only take a 2-5 years to earn it back after getting my pilot's license. 

Perhaps the best course of action is to continue learning about real estate and look for deals/network. Perhaps I can pursue a pilot's license and if a good deal comes along pursue that. Being flexible and not having to choose one or the other. 

Thank you all! Are there any real estate investing meet-ups in the Spokane/CDA area?

Hello. My name is John and I'm from Spokane, although I'm currently writing from Germany. I have always been interested in investing, in both stocks and real estate. While I was growing up, I would ask everyone I knew, who I thought was successful, advice on investing. I always seemed to receive negative advice. For example, I wanted to househack in college. However, I was told that I shouldn't buy a property if I wasn't sure where I wanted to live after school. Unfortunately, I listened to them and now the market seems to be a seller's market.

Over time I became focused on other things, such as my education and working. However, my original desire to achieve financial freedom has just became stronger. Over the last year I have tenaciously read everything I could about stocks, which has grown to encompass real estate within the last few months. I have saved up around $40,000 and can't wait to start my life in real estate. 

I do have a couple questions. I'm not sure if this is the right place to do so. If not I will promptly edit/delete this post. I am currently working seasonal, temporary jobs, which makes it impossible for me to receive a loan. I may have an opportunity to attain a commercial pilot's licence at a fraction of the normal cost (It would still cost me everything I've saved) by learning from a friend in Texas. I'm not sure if I should pursue that avenue, which will give me a high earnings potential and therefore allow me to qualify for more loans in the future, or just take the $40k I have and jump into a real estate career. Perhaps by the time I receive my pilot's licence the market will cool off too. I understand that this is more career related and is difficult to answer, one only I will be able to make. But I was curious what people in the industry thought.

Anyway, thank you very much for your time and allowing me to be a part of the community. I love this site and I'm addicted to the biggerpockets videos on youtube. Also, I found you guys from listening to the Millennial Real Estate Investor Podcast. Thanks again!

John Mark Waide