All Forum Posts by: Josh Corbin

haha yes i know it can be a risk but right now i feel like at least i can get them into a safe place by going about it this way and the opposite tenant will be paying down the mortgage on the place so it wont be costing me much directly out of pocket to get them into a home.

Thank you for your reply and i appreciate the welcome. im extremely excited to get to meet locals that are of the same mindset. I am actually looking in the bonney lake to puyallup area i should have probably mentioned that i have a hard time investing into tacoma although im sure ill get there as i learn the area a bit more.

Originally posted by @Bjorn Ahlblad:

@Josh Corbin welcome to BP. It is an extremely tough market here especially where you are; but don't compromise your criteria it has only been a month. I would also suggest not buying in the slums of Tacoma unless you feel comfortable there. Keep looking; I have been scouring the market for over a year looking for my next deal! All the best!

I shall start with an introduction. My name is Josh Corbin and i am 31 years old. I Am extremely driven towards goals and dreams and real estate has all the factors that keep me motivated and excited. I am looking to achieve financial independence and freedom from the 9 to 5 so I can focus on 2 businesses. I currently run a furniture business www.uneekkreations.com salvaging local hardwoods and building tables and furnishings. I have 2 children that I sacrifice my time with every day to build this business and generate my daily income from boeing. I am really looking for local like minded investors to meet as well.

I am looking into getting a duplex as my first investment deal and the more I read and learn the more excited I get. Currently I live in bonney lake, Wa and I am hoping to keep my properties close to me. I cant seem to find a Deal that hits the 1% rule and I know it would help to find a distressed property but I have not came across one yet in my month long search. How many investors in my area are still abiding by this rule?

Perhaps 2 questions would not be too much here? I am looking to help the mother of my children find a place to live right now and the duplex would be, to me the perfect solution. Does anyone know if I can qualify for an FHA loan on a duplex if my children and their mother will be living in one of the units?