All Forum Posts by: Mark Watkins

Thank you so much for the information Micheal. It makes sense that townhomes likely won't have the extra upside that SFH's will with less land to build and develop on in the future. I would love to buy a house down in the south end and house hack but ideally I would get one in the north end so I can rent out to my friends and be closer to work.

I've looked into loans a little bit, but mostly just assumed I would at least have to put 10% down. If I can find a bank to give me an FHA loan with 3.5% down that would be ideal.

I truly appreciate the information @Micheal Haus! It is good to learn as much as I can about our local market. Hopefully I can close in on a house hack soon.

Thank you Andrew!

I think unfortunately you are right, it is likely a unicorn. If that is the case, like you said looking more north. Do you think a 3 BR townhome that I could rent to friends would be a bad investment? I would like to buy a house, but I don't know if I have enough for the downpayment quite yet. Townhomes operate a little differently in the market than SFHs correct? Should I expect less appreciation from a town home?

What have you found is your best method of researching deals? Currently I am using sites like Zillow and Realtor.com. I have looked very little into auctioned foreclosed houses but those seem as though they could become much better deals if you are able to lock in a price that accounts for any neccesary repairs or rehabs.

My initial plan was to purchase a Multi family home, or single resident home near green lake area and rent that out to the buddies I currently live with from college until we move out. Although that wouldn't immediately cash flow, I would be able to use the money i'm putting towards rent into a house that I could turn into an investment property once we move out.

If I can't do that, I would like to find a multi family, 2-4 units, near seattle area that I could fix up and get some cash flow going with.

How did you get started? And what made your venture successful? Was it just getting started that made you learn along the way?

I appreciate the response!

Hello BP Community,

My name is Mark and I am a recent graduate from Washington State University. I currently work a full-time job that pays well and often allows me days off during the week where I have had time to learn more about Real Estate (often Tues, Thurs, Fri and always weekends). With this time I want to begin investing my time and money into building a real estate portfolio for my future.

I am excited about getting started and will be reading and listening to podcasts as much as possible in the mean time.

Looking forward to hearing from you!

Mark Watkins (Greater Seattle Area)