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All Forum Posts by: Michael Anema

Michael Anema has started 2 posts and replied 2 times.

Post: Trying to find hard money

Michael AnemaPosted
  • Poulsbo, WA
  • Posts 2
  • Votes 0

Like a lot of people here I'm a newbie, no RE empire, yet!

I have a good job, great income, I've been inundated with real estate knowledge by my parents, I just don't have a lot of cash in the bank.

I live in Washington State, our market is pretty crazy right now but I see deals around me that I would love to take part in but I don't have the money. With the help of my wife I was able to save somewhere between 26-30k this last year, but that's because I live in a bus. Wanting to start a family soon, but not inside a vehicle. I also am very interested in having renters pay for my mortgage.

I've found multiple properties that can make my dreams come true, but I don't have enough cash in the bank or the right loan. Does anyone have any ideas? (Or a bunch of money burning a hole in your pocket that I could borrow)

My wife and I are looking into purchasing a sfh in Kitsap county Washington. It's currently occupied by tenants that are under a verbal contract. I've heard it said that the only way to remove tenants is if the home is sold, would that be my responsibility as the buyer? Or would that be the sellers responsibility? How does all that work?

The house needs major renovation and is renting for significantly less that market right now. Any help is appreciated, thanks!