All Forum Posts by: Morgan Leiviska

I am looking for SF or Duplex fix and flips in pierce and thurston county. Under 400k. Concentrating on eatonville,graham,puyallup,yelm.

Open to joint venture

I'm in western washington, seattle/tacoma. we are getting a lot more "price improvements" here and less waived contingencies.

 Awesome, thanks Peter!

I am not the expert, but just from talking with people and seeing the posts pitches from wholesalers. Aside from building trust and relationships, knowing what your investors are looking for and generating leads....I think the most important thing is getting your number right. If you send a bunch of bad deals, people will stop listening. Get the comps and the rehab as close as possible. 

awesome tip @Brandon Vukelich on leaving a vacant unit!

are they good tenants otherwise? if they pay and don't generally cause much of an issue, I would probably let this go, but communicate that all repairs or updates have to be approved in the future. 

I totally understand this. I am in the Tacoma area. There are so many people that are having HUGE success in this market. I think its a scary feeling, like the cost of entry is too high. There are a lot of opportunities in areas outside of the city too. I think there is a great chance to get some long term investments in areas where the growth is not happening yet or just starting to happen. Follow the path of progress. I think if you just attend any group, you'll find investors that purchase remote and local and you'll be able to learn. The group doesn't have to be centered on it.

I can see what Nathan means, but I see it differently. I have ZERO expertise here though. I think you should keep it as a rental, you'll get the tax benefits, let the renters pay the mortgage and let it appreciate. Find a GOOD property management company to deal with it. If you sell, remember commissions are negotiable. Also, if you decide to sell, commissions are negotiable and/or you could work out a good seller finance, or other creative finance option. I think you will get someone on here that can point you in the right direction 

I appreciate that Alan! Thank you. I agree with you. 

Hi everyone! I am wondering if anyone local to Tacoma, Seattle area would be willing to share receipts or cost information from contractors, and projects. I am trying to build a database of local rehab costs. The more detail the better.  Any information you are willing to share about past projects from addresses, scope of work, estimates, line item breakdowns, materials costs etc.  I would be so grateful. If anyone needs a boots on the ground inspector to do walkthroughs or gather info for a property you don't have time to check out or if you're out of state. Reach out! I'm happy to go walk the property and take photos and provide a simple report of the information you want to help you make a decision.