All Forum Posts by: Matt Lewis

@Jennylynn Caldona - Hey Jennylynn!

Congratulations on the AFH deal.

I’m looking into doing a AFH in Seattle as a modified house hack rental strategy.

It sounds like you do not own the actual business. What’s the reason for that? It seems like you are leaving the majority of the profit on the table.

Are you charging a premium for the rent?

@Ryland Taniguchi - Hey Ryland!

I’m taking a similar approach in West Seattle and Vashon. Thanks for sharing your process!

I’m glad your not in my market. I don’t need you as competition! Haha

@Josh Vlach - Hey Josh!

Have you tried driving for dollars? I just started a couple months ago and I’m getting a pretty good response.

Are you on WAREI? Wholesalers and agents post off market deals on there every day.

I’m working on partnering with local investors on BRRRS and flips.

Feel free to reach out if you want to chat!

@Katie Ann Mangan - Hey Katie!

Welcome to BP! The multi family house hack is definitely the way to go.

We added an ADU and and a two unit DADU at my childhood home in Ballard about 5 years ago. It seemed risky and innovative at the time but looking at it now it should have been a no brainer.

I would talk to Michael Haas (above), he’s a numbers guy and he’s passionate about getting investors like you into the right property.

I'm working on partnering with people on BP and WAREI on adding basement ADUs on BRRRR projects.

Feel free to reach out with any design and construction questions!

@Milan Dixon - Hey Milan!

Some fire damaged properties are really good opportunities. You need to work with a contractor who has experience with the level of damage you’re looking at.

It may be an affordable fix and the seller may have already received money from the insurance company so you can likely negotiate on the sale price or even do a partial seller carry.

Try reaching out on your local REIA group for a good contractor to take a look at the property.

@Nik Satterfield - Hey Nik!

Yeah I agree with Michael. Renton, Tukwila and Burien all have a lot of potential as the Seattle market pushes people outward.

If you’re looking for a good investment property Michael Haas is your guy. He has his eye on the market and is the definition of an investor friendly agent!

@Ben Harrietha - Hey Ben!

I’m a Designer and Contractor in Seattle.

Right now I'm primarily focusing on JV and partner deals.

I’d be more than happy to be a resource for you as questions come up!

@Michal Kasza - Hey Michal!

Congrats on the contract. Sounds like a great deal!

If you gave yourself enough time in the contract reach out in your local REIA Facebook group looking for a private money partner. You have a lot of leverage being the one who is in control of the contract.

If you don’t get something lined up right away just repost it as a wholesale!

@Michael Lilburn - Hey Michael!

I like Trello. It’s a free web based and app based Kanban / index card style project management software.

I’ve been using it for about 10 years now and Ive done millions of dollars in business with team members across the country and around the world.

@J Lee -

Hey I think working with the GC is key. I wouldn’t go around them to do anything.

Maybe have a heart to heart and explain your goal for the project and try to get them on board with being really efficient.

If they are already complaining about you micromanaging that either means you need to be more tactful with how you’re talking to them and what you’re doing or they’re just not the right fit.

If they’ve never worked with an investor before it may be difficult to teach that.