All Forum Posts by: Julien Jeannot

I'd recommend taking the numbers off the bandit signs in the area you are looking to buy.

Welcome. The sooner you start, the better. Mentor or not.

PM make or tank your business. Few are the the keepers. Fewer last long term.

Yes, we will switch over to PM in the future. The sooner the better, our time is better is spent on new opportunities.

Yes, we will switch over to PM in the future. The sooner the better, our time is better is spent on new opportunities.

We manage our own properties in WA from Bothell to Everett and hired PMs for out of state.

Pros - No one else cares and pays attention to our properties more then we do. Great education which is a huge benefit when hiring a property manager.

Cons - Return on time spent on managing properties decrease the more units added to the portfolio. Managing your own isn't scalable without an experienced team.

Paid retail on my first home, it was more about convenience and emotions. Investments are all about the numbers. Although my next home will generate income and purchased at a discount.

On the duplexes, I'd recommend to ensure the property will cash flow in worse case scenario. Build in the budget a fund for fixes upon acquisition and pay attention to future capital expense.

Cash flow deals are getting harder to find up North. Most are overpriced.

Tyrone,

We have a group meeting up tomorrow 9/2/16:

http://www.meetup.com/PacificNWRealEstate/events/230830519/

http://www.reapsweb.com/

Welcome Eric,

I'd recommend the meetup below. I go as much as I can. It is well attended by quality investors even some BP podcast celebrities.

http://www.meetup.com/PacificNWRealEstate/

Julien

Welcome Tyrone,

I recommend the local meetups and REIA groups. They are well attended with great folks you can learn from and connect: whole sellers for deals, private lenders for the funding and much more.

I've attended a bunch and they are worth it.

For the Everett area and more, I recommend the local REAPS or the Pacific NW Real Estate Meetup group lead by Troy Fisher http://www.meetup.com/PacificNWRealEstate/

Both group are well attended and offer great info.