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All Forum Posts by: Kevin Scott

Kevin Scott has started 2 posts and replied 153 times.

Post: Showing a house when not in the same city/state?

Kevin Scott
Pro Member
Posted
  • Flipper / Buyer
  • Tacoma, WA
  • Posts 160
  • Votes 80

Just curious was the house listed as owner financed when it was listed?  Seems crazy that it wouldn't have sold but stranger things happen.  

Ya that's a tough one. 

Post: Getting started in real estate

Kevin Scott
Pro Member
Posted
  • Flipper / Buyer
  • Tacoma, WA
  • Posts 160
  • Votes 80

Where are you located or considering investing?

Post: Showing a house when not in the same city/state?

Kevin Scott
Pro Member
Posted
  • Flipper / Buyer
  • Tacoma, WA
  • Posts 160
  • Votes 80

Have you considered just listing it with a realtor?  You will likely get more money and not have to worry about it anymore.  

Even if u don't make the full 6 percent back by listing you will get some of it back and less worries.

Post: 200k equity in personal. Where to start as investor

Kevin Scott
Pro Member
Posted
  • Flipper / Buyer
  • Tacoma, WA
  • Posts 160
  • Votes 80

Are You trying to get to a point where you are comfortable quitting your day job or just looking for a way to grow your equity or capital?

Post: What to do with $10k

Kevin Scott
Pro Member
Posted
  • Flipper / Buyer
  • Tacoma, WA
  • Posts 160
  • Votes 80

What are you trying to accomplish?  Any type of investing? Are you buying a home?  

Post: Washington laws regarding wholesaling

Kevin Scott
Pro Member
Posted
  • Flipper / Buyer
  • Tacoma, WA
  • Posts 160
  • Votes 80

Great i just drove through there last week on a trip to montana.  Feel free to message if u have any questions or want any guidance. Always free of course. 

Post: Washington laws regarding wholesaling

Kevin Scott
Pro Member
Posted
  • Flipper / Buyer
  • Tacoma, WA
  • Posts 160
  • Votes 80

Nothing wrong with that. Where u located?

Post: Washington laws regarding wholesaling

Kevin Scott
Pro Member
Posted
  • Flipper / Buyer
  • Tacoma, WA
  • Posts 160
  • Votes 80

Assigning a contract is allowed in Washington. Its allowed in most states possibly all.  Designing a business around getting properties under contract and assigning your interest is against wac codes and against most states codes.  

Washington as well as most states are concerned with intent.  Most people doing this are taking a chance.  That being said tons of people are doing it in Washington,  I've bought from a bunch. I'm not sure they would even get fined if caught considering most of the "wholesalers" i know are now at a point where they could close if they wanted to and have closed occasionally which could help them in the event they were brought to court. 

Getting a realtors license doesn't give you a pass for Assigning contracts as a business either. Although it allows you to broker deals it doesn't allow you to create a business Assigning contracts as your main business model.  

if you "wholesale" a few deals you will likely be ok if you cover yourself by doing things such as have a have a hard money lender give you a quote on each deal. This would help u show intent.  If you happen to talk to a buyer that wants the property before you close then Assigning the contract shouldn't generally be an issue.  

I'll see if I can dig up the old wac codes. Its possible they have changed but this info was valid at least up to a few years ago.  I probably should have started with this paragraph :)

Post: Update on my SLOW journey.

Kevin Scott
Pro Member
Posted
  • Flipper / Buyer
  • Tacoma, WA
  • Posts 160
  • Votes 80

Hey just saw your other post. I'm getting a better picture of your situation and deal you are working on. Feel free to pm me if you want some ideas or opinions.   We (my fiance and i) are also holding our annual meetup event which is a mix of clients contractors, new investors and more.  Next sat at cheney stadium.  Tacoma Rainiers if you are interested. We give prizes and a vacation away and its a small enough venue that its not overwhelming. Around 40 or so people.

Either way feel free to message me.  Might have some perspective.  

Post: Breaking out of Analysis Paralysis

Kevin Scott
Pro Member
Posted
  • Flipper / Buyer
  • Tacoma, WA
  • Posts 160
  • Votes 80

Good to see you are moving in the right direction. Posting is probably a good way to hold yourself accountable.   Regardless of what route you take it starts with finding deals. Learn that and you can decide what to do on each individual deal later . Thats something you probably knew but focusing on that instead of the end game might help you avoid analysis paralysis.