All Forum Posts by: Kirsten Crotts

@Bjorn Ahlblad Thank you!

I am putting an offer in on a duplex who has a month to month tenant that is not paying rent on one side. I'm struggling to find information about the eviction moratorium in Pierce County and laws around evicting month to month tenants. Does anyone know if I can give the tenants 30 days notice to leave if the offer is accepted or do I need to give a full 90 days? Or can I evict them at all for not paying rent? I am planning on moving into the one side regardless.

Thank you.

@Eric Turner wow that's really good to know. I've been in Seattle for the last 8 years minus this house hack in Orting so I'm still learning about the idiosyncrasies of the different suburbs in the area. I'm definitely looking for a low crime spot so if that's true I'll make sure and stay away from that area.

Thank you! I'm surprised it's so much cheaper there than other places I've seen, beautiful area from what I've heard.

I'm looking at a duplex in Marysville and the agent says it should rent for $2000/month (2 bed, 1 bat, 1100 sqft, 2 stories, clean and a little outdated but I would be updating the property). I've tried to verify these numbers but there doesn't seem to be many 2 bed rental homes in the area to compare. $2,000 seems a bit low to me for a large 2 bed unit with a big yard, especially since the rentals where I'm currently living in Orting go for $2200. Does anyone have experience with long term rentals in this area?

Hi all!

I recently completed my first house hack and am now moving forward with searching for and purchasing a SFH or Duplex that will be a straight rental. Given that I am currently living in my first property, I was able to buy it with about 3% down.

After talking with my lender he let me know that when purchasing an investment I will need at least 20% down - being that I am in Western Washington and it is fairly expensive here, a typical down payment at 20% is going to be upwards of $80k+ (currently have $20k saved up). Are there any ways to get creative with financing that you have used or recommend that could be an alternative to waiting around until that $60k+ extra is saved?

Any advice or perspective would be greatly appreciated.

Thank you!

@Sherief Elbassuoni thanks for your response! I bought the home 2 months ago with an FHA loan - it was $375k in Orting, Wa

Hi all,

I recently completed my first house hack and am looking to start buying my next rental properties. Seeing as there are so many cities in Wa, I don't know how to start evaluating different areas to see where may be a good place to start looking for properties. My main goal is cash flow, does anyone have suggestions on how to begin the process of evaluating different potential locations? I already know the Greater Seattle Area is going to be out of my budget.

Thank you!

Kirsten

Hi all,

I just completed my first house hack and am now looking into my next deal, out of state (using the BRRRR method).

Outside of reading David Green's book (on it!), what have people's experiences been with OOS investing? Some questions I have is:

1. How did you decide what market to invest in?

2. How were you able to find quality agents/contractors/PM?

3. Are there any mistakes you made that you would recommend avoiding? Ha

Any insight is helpful, thanks in advanced!

Kirsten

Hi everyone!

I am new to investing and my first goal is to buy a single family home, move in and rent out the other rooms. My question is - what are some different ways you use to calculate potential rents? I've been using Rentometer and taking the total rent, then dividing that by the amount of rooms (for example: if a 4 bedroom house is being rented for $2,000, then my assumption is that each room could be rented out individually for $500).

Is this the correct method for calculating individual room rents? Or are there more accurate ways to do this?

Thank you!
Kirsten