All Forum Posts by: Ran Iarovich

Always invest for more cash flow, not appreciation. Unless you get a large pullback equity margin

The only way you can cashflow in Seattle is if you find some off-market opportunity to do so, a very convenient house-hacking scenario, or some heavy TLC. Median home prices are just shooting up while rents are not following. That is why we see a massive standstill in the market - low inventory and buyers refusing to get out of their investor holes. 

If you really want to find something:

1) I would recommend that you go and try to speak with multiple agents and wholesalers to find off-market opportunities. Anything that you'll find on the market will just lead you astray. 

or

2) Wait until interest rates drop. I don't have a crystal ball but this will probably happen during the next presidential election in 2024.

Hope this helps,

Ran

What market are you in. Make sure that you breakeven or cashflow at the very least. 

Don't spend money on marketing before you get your first deal. Rule #1: Don't lose money!

Contact a bunch of realtors and wholesalers who can always give you something if it comes into their pipeline. Make sure they are in other teams since most teams share their off-markets with each other. You can also look at the county records to see who is behind their mortgage payments

It's hard right now because of interest rates - because the cash flow doesn't cover the debt service. My best advice is to find anything that may have a lot of disorder with it such as late mortgage payments, foreclosure, fixers, etc. That is only where the real opportunities lie in this economic stage but granted they are hard to find. Also, try to gather as many off-markets that at least breakeven.

Good luck

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Hey Kaylee, 

I'm in the same shoes. 19 and based in Seattle, Washington. My eyes really opened up about the possibility of real estate when I was 15 through some YouTube videos. I decided to get my real estate agent license and try to learn the industry from the ground up. I would agree with @Nathan Gesner. Get your dream team from local meetups and forums in your area. That way you can get a mentor or a few trusted friends in the space who can refer you to their trusted connections and build from there. Remember the old adage - "show me your friends and I'll show you your future". All the 5 people that you hang around with should be better than you in ever metric regarding real estate. You should feel OUT OF PLACE. That way, you have no choice but to level up your skills and ability to reach your goals faster and with more confidence. 

Feel free to reach out if you have any questions about the space and if I can help with starting out on your journey, 

Hope this helps,

Ran