All Forum Posts by: Ran Iarovich

If you want to find cash flow and appreciation simultaneously, I would try to see if you can invest in the outskirts of the Eastside. I found a lot of potential in Kent, Renton, and Bothell. Redmond is more affordable than Kirkland, but they still lead to less than 5% cap rates on average. But, as with anything there are always outliers. Try to explain to your agent exactly what you want from them so that they can look for you in unconventional ways such as off-markets, fsbos, cancelled/expired listings.

Questions such as: 

- What is your goal with this property and what investment strategy will you use? 

- Remodel/repair costs?

- long term plan?

All need to be evaluated at least 3 layers deep each. 

Hope this helps!

Mazal,

Ran

It looks amazing. Where did you get your design background from? 

I would establish a team as soon as possible. Also start listening to BiggerPockets podcasts pertaining to your situations. Above all, I recommend you read this book that David Greene recommends - Long Distance Real Estate Investing by David Greene. Hope this helps! 

 You're on it!

learn learn learn and always be humble. Try to get to know as many people as possible and just let them teach you the sauce. Don't try to be creative and change the methodology of tried and tested strategies until you have some skillsets under your tool belt. Glad to have you!

Did they give you an reason? 

2.6% return is pretty small. You could have the money in a dividend account that pays even more than that. I would suggest that you either consider selling the properties and trying to find a higher cap rate WITH a 1031 exchange or continuing to hold to current rentals and praying that you can refinance in the end. 

Go on Loopnet or Crexi

Very interesting information. Do you think this has always been tried and true or does this strategy only work in a recessionary cycle such as the one we are in right now?

Welcome to the community! Try to move to the next stage of knowledge which is in-person and tangible experience. This doesn't mean you should jump into whatever deal you encounter. Instead, try to get information from experienced investors (you already check this box through Bigger Pockets), talk to professionals within your field and investment strategy of interest (lenders, agents, market experts), and make efforts or mock offers on a deal. I remember when I started I knew nothing and nobody. The only thing that got me going was consistency. Being able to keep asking questions and "running towards the gunfire" is both courageous and unique - kudos to you for being on this forum! I wish you the best of luck and if you ever need help analyzing a deal in Washington State feel free to reach out