All Forum Posts by: Brian Fouts

Congrats on having some funds to work with, that is one of the main issues that many investors run into right out of the gate.

I would just be cautious of asking advice on what to do with the funds on BP, or anywhere online.  The advice is going to be based upon the goals/outcome of those giving the opinion.  you need to be sure to align your goals with someone who has already done what you are looking to do and follow their previous action.  But of course, that is just my opinion... :)

You could easily lend on real estate projects (be a private lender) depending on your Roth custodian and limitations therein.  Could get 12% or more, short term.

We have two investment funds, one pays 10% fixed, another pays 12% fixed, so finding a private investment fund could be an option as they are more passive.  In five years, that would be over $70k.  

You could buy a turnkey real estate property, rental property, etc.  Get good cap rate and possible appreciation. 

Regarding the low entry cash flowing properties, we have over 40 of them and really don't see a lot of appreciation in them due to the market they are in.  The cash flow may be okay, but value is fairly steady.  Just our experience, different markets behave differently.  

Buying notes, to me, is the same as buying real estate to flip, hold, etc.  Depending on how you buy notes, you still want to buy low, sell high.  We bought a lot of notes in the past, but not currently due to the market.  But that is all depending on your strategy, there is always a strategy in any market.    

There is sufficient demand is just about anywhere around Seattle.  So yet, Renton would be a good place to look.  If the deal is good, most investors doing any type of quantity will take it on.  Off top of my head, I know 4 that would probably take a deal there.  Once you start getting outside of the major populated areas, you start to have a harder time with buyers.  

But always remember, it's all in the numbers, the numbers have to pencil.

Yes, I have/am doing this with a solo-401k.  Works well, it is also very good to have a Custodian that knows what you are doing and specializes in doing that for investors.  Most Custodians will probably refer you to a CPA or attorney for tax questions.  My Custodian/Manager is owned by a real estate attorney, so that helps, although his input is limited.  

Yikes is right, that needs some work.  Would be a nice rental if the price was more in line.  Good amount of rehab required.  Curious as to condition of MEP.  

There is a good group of us in this area and we meet very regularly.  Below is a link to a thread regarding the meet ups.  You can find them on Meetup.com as well.  

https://www.biggerpockets.com/forums/521/topics/235977-pacificnw-real-estate-meetup---eastside-edition?page=1#p1565021

Welcome in BP.  I am born and raised in Oly, lot of family there and my business partner and brother is there as well.  If you would like to get in touch with him, just let me know and good luck!

I have a good friend that has lived there and still owns a home there.  Okay for buy and hold if you can get it under market value, but hard to get motivated to purchase due to lack of appreciation as @Michele Fischer mentioned.  In between Olympia and Vancouver, just not a lot going on in WA.  

As mentioned, i would check with insurance (yours mainly), as this may be covered.  I dealt with a flood in a large apartment complex and the Owner's insurance policy covered loss of rent.  

Welcome!  You have the first part figured out already, have a plan!  Make sure to put a time frame to achieving your initial goal, put an action plan in place, and go for it!  

Welcome to BP.  Get some knowledge here about what current investors are doing and look for local meet ups at Meetup.com and hope to see you around.