All Forum Posts by: Kathleen Wilcox

Thank you for sharing!

Brandon,

An excellent video!  If I weren't already a member, I'd join today. 

Thanks!

Kathleen Wilcox, Consultant

I am in Washington state and agree with Sean.  A good CPA and corporate attorney working together on your behalf can assist you with establishing and organizing your investment in a way that protects your personal assets and gives you flexibility as your investment portfolio matures.

I come across deals to wholesale from time to time.  Is there a specific property type you are looking for?

We hold open houses a couple of times each week until we have a signed lease.  We process all applications in real time.  The first applicant to make it through process successfully is offered the unit.  When we get to the point where an applicant meets our criteria and we have made an appointment to make an offer of tenancy, we inform every person that inquires about our vacancy that we have an applicant that meets the criteria for tenancy but we haven't made the offer yet.  That way they can decide whether or not to make application. 

Welcome Casey! 

When researching a MF to purchase to manage and hold, it is helpful to structure the mortgage in a way that you will have positive Cashflow month over month including mortgage and taxes in addition to operating expenses.  You may need to put more than 20% down. 

Are you interested in a property that is ...

--not listed yet.

--1970s split level located in zip code 98118. 

-- Owned free and clear.

--Needs some cosmetic rehab/updating.

--The seller is motivated and would like to close by mid-July.

--The seller would like cash out.

Please call or email for additional information. 

Thanks,

Kathleen

Have you considered purchasing a small multiplex from a wholesaler? Lately in the Seattle area, properties like this appear to be priced to cash flow, although most require additional rehab.
I hope this is helpful.

It might be worthwhile to focus on FSBOs that come off the market without selling. Those property owners might be more willing to talk with you about other creative ways to sell their property.

What a great thread! Thanks to everyone for their contributions.
-Kathy