I would recommend Mark Cox 253-606-5177
Hi Evander,
A very common strategy is for investors to purchase one property every year or two as an owner occupied purchase. The rates and terms are the best that way. Move in and live there for at least a year and then rent it out. This is a GREAT way to acquire real estate if you have the flexibility to move every year. Good luck!
Hey Bigger Pockets Community. REAPS satellite meeting is on finding sellers in Kitsap, WA this week. We’d love to have you join us. Our meetings are FUN and full of active investors doing deals all around the Kitsap area. If you have never attended one of our main events then please be our guest for free to your first meeting! Just register online and use promo code “bigger” at checkout. Here’s the link:
http://reaps.memberize.com/clubportal/EventDisplay...
Find the Seller! How to Track Down Hard-to-Find Sellers to Get the Best Deals
(NOTE: DATE CHANGE – WEDNESDAY SEPTEMBER 3rd, 2014)
Some of the most successful real estate investors today know the importance of finding off-market deals. Perhaps you’ve done the same, sending a letter to the owner of that vacant, overgrown house on the corner of the street, or sending a mail blast to a big list you got from the title company.
But what happens when some of your letters get returned ‘undeliverable’? Most investors just toss these in the trash. Unfortunately, they’re tossing tens of thousands of dollars away in the process.
Join us at the next REAPS Kitsap meeting where we will show you how you can track down that owner so you can get deals that most other investors miss. In fact, some of the BEST deals are from hard-to-find owners, so be sure to be there.
http://reaps.memberize.com/clubportal/EventDisplay...
(NOTE: DATE CHANGE – WEDNESDAY SEPTEMBER 3rd, 2014)
You can also check out our other meetings and make sure to pre-register for all of our events. Our main event is held monthly on the 4th Thursday and is open to the public. Most of these meetings will be at the Bellevue Red Lion Hotel. Members can attend this meeting free. Guests are $20 online or $25 at the door. If you have never attended one of our main events then just email us and we''ll get you registered for free as our guest! Hope to see you there!
About our Moderator:
Mike Sumsky is a long-time REAPS member, REAPS Board member and MC of the REAPS Kitsap satellite group. He is a full-time real estate investor and owner of Washington Home Solutions, based out of Bremerton, WA. Mike specializes in creative deal structuring, raising private money, wholesaling and lease options. When Mike is not flipping houses, you can probably find him sitting in a coffee shop with his laptop, wine tasting with his wife, playing golf, or spending time outdoors.
REAPS Members Free (with REAPS badge)
Guests: $15 online, $20 at the door
Promo code: bigger
http://reapsweb.com/
Poulsbo Library
700 NE Lincoln Road
Poulsbo WA 98370
Hey Bigger Pockets Community. REAPS is hosting Andy Heller as our guest speaker this week in Bellevue, WA. We’d love to have you join us. Our meetings are FUN and full of over 200 members doing deals around the Seattle area. If you have never attended one of our main events then please be our guest for free to your first meeting! Just register online and use promo code “bigger” at checkout. Here’s the link http://reaps.memberize.com/clubportal/EventDisplay...
Andy and his story will inspire and connect with you, as it is a "regular guy" get rich story. Like so many of us, Andy started investing part time, pulling aside a few hours each week for his hobby. Their success led them literally by accident to a goldmine called buy low, rent smart, sell high.
When Andy and Scott found buying properties from distressed sellers to be tedious, hard work, and depressing they discovered by accident a hidden gem in the foreclosure process. . .BANK OWNED REAL ESTATE. With bank-owned real estate an investor is able to purchase MULTIPLE PROPERTIES from single sources, without emotions, and with clean and clear title. Andy and Scott learned how to get these bank-owned properties, often referred to as REOs, before the properties are listed on MLS.
Once purchased, Andy and Scott will either flip the properties for quick cash, or hold for long-term wealth. They modified the typical lease/purchase deal to come up with their unique rent smart and sell high formula. Their SHORTEST lease is 3 years, and each of their tenants (gladly) accepts responsibility for repairs and maintenance. High turnover, nightmare tenants, and lengthy vacancies are non-issues when you "rent smart".
http://reapsweb.com/
How profitable is their formula? The last home Andy and Scott sold required about 20 hours of effort, and netted a profit of $57,400. That is $2870/hour. But don't leave your day job just yet. Come hear Andy speak and he will cover:
• Why Fortune Magazine recommended the Buy Low, Rent Smart, Sell High program
• Why today's COOLING market is a RED HOT opportunity for investors
• Buying Low: Learn about the untapped fortunes with bank-owned real estate
• Why especially today bank owned properties offer investors of all means unlimited deals
• Why especially TODAY, an investor can make enormous profits buying bank-owned foreclosures!!
• Why bank-owned properties may be the best SOURCE for investors who have limited cash and/or credit
• Interested in WHOLESALING. Learn not only how wholesalers can buy from banks but why banks are the BEST source of discount properties for wholesalers!
• How to calculate the EXACT price you need to buy properties at in order to maximize your profits
• What types of properties can you buy from banks
• Why a MOTIVATED tenant is the key to landlording fortunes
• How the "typical" lease options minimize, not maximize, an investor's profits
• How to make a fortune in real estate AND help your tenants at the same time
• How to sell for top dollar WITHOUT paying real estate commissions
• Achieve your REGULAR RICHES: Real estate fortunes for regular people. . .without the hassles
Bonus session runs from 6:15pm to 6:45pm. Doors open at 6:00pm.
Andy will explain why the "Buy Low, Rent Smart, Sell High" strategy is specifically positioned to take advantage of two dominant characteristics of today's real estate market. First, on the buying end, we are seeing record foreclosures, and the lucrative post-foreclosure market has been their favorite hunting ground for deals for close to 20 years. Secondly, on the marketing end, their unique lease/purchase strategy positions today's investor to take advantage of a rapidly strengthening rental market.
Andy and Scott feel if you look at today's record foreclosures, and the number of tenants wanting (and needing) a lease/purchase, their Buy Low, Rent Smart, Sell High investment strategy is an absolute necessity for any real estate investor seeking to invest today and in the foreseeable future.
Andy Heller is a nationally recognized real estate expert, and has been interviewed and prominently featured in respected publications including Kiplinger, WallStreetJournal.com, TheStreet.com, Personal Excellence, Money Magazine, and MarketWatch.com.
Bonus session runs from 6:15pm to 6:45pm. Doors open at 6:00pm.
Here's the link to learn more about this month's speaker and register. http://reaps.memberize.com/clubportal/EventDisplayNew.cfm?clubID=173&EventID=197182&mo=8&tDate=%7Bd%20%272014-08-24%27%7D
Cost:
REAPS Members free when you pre-register
Guests: $20 online, $25 at the door
Promo Code: craig
Location:
Bellevue Red Lion Hotel
11211 Main Street
Bellevue, WA
Hi Kate,
I am a Loan Originator for over 12 years now and the problem with the non-conforming multi-family is that they are hard to sell to buyers who want to use conforming financing…so be thinking long-term about your exit strategy. I’m also a landlord…and the problem I have is that I can’t get section 8 and other government programs to work with some of my non-conforming properties too….
Our main event is held monthly on the 4th Thursday and is open to the public. Most of these meetings will be at the Bellevue Red Lion Hotel. Members can attend this meeting free. Guests are $20 online or $25 at the door. If you have never attended one of our main events then just email us and we will get you registered for free as our guest! Hope to see you there! Promo Code: bigger
Come early and get a chance to ask Fortune Magazine recognized Guru Andy Heller any question you might have about possibly the most relevant topics in today’s real estate market….Bank-owned foreclosures (REOs) and Lease/Options. Andy is coming early just so club members and guests can have a chance to get extra tips about cashing in on today’s record foreclosures. Learn why you DO NOT need a ton of cash when buying from banks, why banks are the IDEAL property source for wholesalers, how to get your home lease/optioned at a premium rent in two weeks or less, and so much more. Bonus session runs from 6:15pm to 6:45pm. Doors open at 6:00pm.
There are literally hundreds of wealth-building strategies available for real estate investors. Some are more lucrative than others, and many are simply way to much work for the money that an investor hopes to make. Fortune Magazine is arguably the leading magazine in North America today that teaches people how to make money. “Regular Guy” Andy Heller, will show you why of the hundreds of wealth-building formulas, Fortune Magazine recommended Andy Heller’s “Buy Low, Rent Smart, Sell High” strategy among the top five recommended strategies for real estate investors.
Andy and his story will inspire and connect with you, as it is a “regular guy” get rich story. Like so many of us, Andy started investing part time, pulling aside a few hours each week for his hobby. Their success led them literally by accident to a goldmine called buy low, rent smart, sell high.
**Andy will be joining Alan Cowgill for a 2-day Super-conference hosted by REAPS all day Saturday, September 6 and Sunday, September 7 in Bellevue. To register click here.**
When Andy and Scott found buying properties from distressed sellers to be tedious, hard work, and depressing they discovered by accident a hidden gem in the foreclosure process…BANK OWNED REAL ESTATE. With bank-owned real estate an investor is able to purchase MULTIPLE PROPERTIES from single sources, without emotions, and with clean and clear title. Andy and Scott learned how to get these bank-owned properties, often referred to as REOs, before the properties are listed on MLS.
Once purchased, Andy and Scott will either flip the properties for quick cash, or hold for long-term wealth. They modified the typical lease/purchase deal to come up with their unique rent smart and sell high formula. Their SHORTEST lease is 3 years, and each of their tenants (gladly) accepts responsibility for repairs and maintenance. High turnover, nightmare tenants, and lengthy vacancies are non-issues when you “rent smart”.
How profitable is their formula? The last home Andy and Scott sold required about 20 hours of effort, and netted a profit of $57,400. That is $2870/hour. But don’t leave your day job just yet. Come hear Andy speak and he will cover:
• Why Fortune Magazine recommended the Buy Low, Rent Smart, Sell High program
• Why today’s COOLING market is a RED HOT opportunity for investors
• Buying Low: Learn about the untapped fortunes with bank-owned real estate
• Why especially today bank owned properties offer investors of all means unlimited deals
• Why especially TODAY, an investor can make enormous profits buying bank-owned foreclosures!!
• Why bank-owned properties may be the best SOURCE for investors who have limited cash and/or credit
• Interested in WHOLESALING. Learn not only how wholesalers can buy from banks but why banks are the BEST source of discount properties for wholesalers!
• How to calculate the EXACT price you need to buy properties at in order to maximize your profits
Bonus session runs from 6:15pm to 6:45pm. Doors open at 6:00pm.
Andy will explain why the “Buy Low, Rent Smart, Sell High” strategy is specifically positioned to take advantage of two dominant characteristics of today’s real estate market. First, on the buying end, we are seeing record foreclosures, and the lucrative post-foreclosure market has been their favorite hunting ground for deals for close to 20 years. Secondly, on the marketing end, their unique lease/purchase strategy positions today’s investor to take advantage of a rapidly strengthening rental market.
Andy and Scott feel if you look at today’s record foreclosures, and the number of tenants wanting (and needing) a lease/purchase, their Buy Low, Rent Smart, Sell High investment strategy is an absolute necessity for any real estate investor seeking to invest today and in the foreseeable future.
Andy Heller is a nationally recognized real estate expert, and has been interviewed and prominently featured in respected publications including Kiplinger, WallStreetJournal.com, TheStreet.com, Personal Excellence, Money Magazine, and MarketWatch.com.
**Andy will be joining Alan Cowgill for a 2-day Super-conference hosted by REAPS all day Saturday, September 6 and Sunday, September 7 in Bellevue. To register click here.**
Bonus session runs from 6:15pm to 6:45pm. Doors open at 6:00pm.
Cost:
REAPS Members free when you pre-register
Guests: $20 online, $25 at the door
Promo Code: bigger
Location:
Bellevue Red Lion Hotel
11211 Main Street
Bellevue, WA
Where: Bellevue Red Lion Hotel
Our main event is held monthly on the 4th Thursday and is open to the public. Most of these meetings will be at the Bellevue Red Lion Hotel. Members can attend this meeting free. Guests are $20 online or $25 at the door. If you have never attended one of our main events then just email us and we will get you registered for free as our guest! Hope to see you there!
Come early and get a chance to ask Fortune Magazine recognized Guru Andy Heller any question you might have about possibly the most relevant topics in today’s real estate market….Bank-owned foreclosures (REOs) and Lease/Options. Andy is coming early just so club members and guests can have a chance to get extra tips about cashing in on today’s record foreclosures. Learn why you DO NOT need a ton of cash when buying from banks, why banks are the IDEAL property source for wholesalers, how to get your home lease/optioned at a premium rent in two weeks or less, and so much more. Bonus session runs from 6:15pm to 6:45pm. Doors open at 6:00pm.
There are literally hundreds of wealth-building strategies available for real estate investors. Some are more lucrative than others, and many are simply way to much work for the money that an investor hopes to make. Fortune Magazine is arguably the leading magazine in North America today that teaches people how to make money. “Regular Guy” Andy Heller, will show you why of the hundreds of wealth-building formulas, Fortune Magazine recommended Andy Heller’s “Buy Low, Rent Smart, Sell High” strategy among the top five recommended strategies for real estate investors.
Andy and his story will inspire and connect with you, as it is a “regular guy” get rich story. Like so many of us, Andy started investing part time, pulling aside a few hours each week for his hobby. Their success led them literally by accident to a goldmine called buy low, rent smart, sell high.
**Andy will be joining Alan Cowgill for a 2-day Super-conference hosted by REAPS all day Saturday, September 6 and Sunday, September 7 in Bellevue. To register click here.**
When Andy and Scott found buying properties from distressed sellers to be tedious, hard work, and depressing they discovered by accident a hidden gem in the foreclosure process…BANK OWNED REAL ESTATE. With bank-owned real estate an investor is able to purchase MULTIPLE PROPERTIES from single sources, without emotions, and with clean and clear title. Andy and Scott learned how to get these bank-owned properties, often referred to as REOs, before the properties are listed on MLS.
Once purchased, Andy and Scott will either flip the properties for quick cash, or hold for long-term wealth. They modified the typical lease/purchase deal to come up with their unique rent smart and sell high formula. Their SHORTEST lease is 3 years, and each of their tenants (gladly) accepts responsibility for repairs and maintenance. High turnover, nightmare tenants, and lengthy vacancies are non-issues when you “rent smart”.
How profitable is their formula? The last home Andy and Scott sold required about 20 hours of effort, and netted a profit of $57,400. That is $2870/hour. But don’t leave your day job just yet. Come hear Andy speak and he will cover:
• Why Fortune Magazine recommended the Buy Low, Rent Smart, Sell High program
• Why today’s COOLING market is a RED HOT opportunity for investors
• Buying Low: Learn about the untapped fortunes with bank-owned real estate
• Why especially today bank owned properties offer investors of all means unlimited deals
• Why especially TODAY, an investor can make enormous profits buying bank-owned foreclosures!!
• Why bank-owned properties may be the best SOURCE for investors who have limited cash and/or credit
• Interested in WHOLESALING. Learn not only how wholesalers can buy from banks but why banks are the BEST source of discount properties for wholesalers!
• How to calculate the EXACT price you need to buy properties at in order to maximize your profits
Bonus session runs from 6:15pm to 6:45pm. Doors open at 6:00pm.
Andy will explain why the “Buy Low, Rent Smart, Sell High” strategy is specifically positioned to take advantage of two dominant characteristics of today’s real estate market. First, on the buying end, we are seeing record foreclosures, and the lucrative post-foreclosure market has been their favorite hunting ground for deals for close to 20 years. Secondly, on the marketing end, their unique lease/purchase strategy positions today’s investor to take advantage of a rapidly strengthening rental market.
Andy and Scott feel if you look at today’s record foreclosures, and the number of tenants wanting (and needing) a lease/purchase, their Buy Low, Rent Smart, Sell High investment strategy is an absolute necessity for any real estate investor seeking to invest today and in the foreseeable future.
Andy Heller is a nationally recognized real estate expert, and has been interviewed and prominently featured in respected publications including Kiplinger, WallStreetJournal.com, TheStreet.com, Personal Excellence, Money Magazine, and MarketWatch.com.
**Andy will be joining Alan Cowgill for a 2-day Super-conference hosted by REAPS all day Saturday, September 6 and Sunday, September 7 in Bellevue. To register click here.**
Bonus session runs from 6:15pm to 6:45pm. Doors open at 6:00pm. Coupon Code: Bigger
The Real Estate Association of Puget Sound is offering a FREE ORIENTATION for new members or first timer''s designed to help the novice investor make full use of the membership resources and benefits of REAPS in order to jump start their career as a real estate investor.
Speakers include practicing real estate investors who will highlight the membership resources most important to new investors and how to use them to get started in real estate investing.
We will have a special Wholesaling 101 mastermind training immediately after the Orienation that will be open to members only. If you decide to join or renew your membership on Saturday you will be invited to stay for the Wholesaling Mastermind taught by Mike Sumsky. Please set some time aside to participate!
We do break for lunch so bring a brown bag if you prefer to bring your lunch!
**Members who are within 6 months of renewal date will be asked to renew in order to attend the mastermind. If you joined REAPS or renewed your membership to REAPS within the last 6 months then you can attend the mastermind.**
Cost:
REAPS Members and guests are FREE with registration. Please do not show up at the event without pre-registering. This event will be full and we will only have seats available for people who pre-register.
Location:
Mercer Island Community Center
8236 SE 24th Street
Mercer Island, WA 98040
**Meeting Room 103**
The Real Estate Association of Puget Sound is offering a FREE ORIENTATION for new members or first timer's designed to help the novice investor make full use of the membership resources and benefits of REAPS in order to jump start their career as a real estate investor. Register here
Speakers include practicing real estate investors who will highlight the membership resources most important to new investors and how to use them to get started in real estate investing.
We will have a special Wholesaling 101 mastermind training immediately after the Orienation that will be open to members only. If you decide to join or renew your membership on Saturday you will be invited to stay for the Wholesaling Mastermind taught by Mike Sumsky. Please set some time aside to participate! Register here
We do break for lunch so bring a brown bag if you prefer to bring your lunch!
**Members who are within 6 months of renewal date will be asked to renew in order to attend the mastermind. If you joined REAPS or renewed your membership to REAPS within the last 6 months then you can attend the mastermind.**
Cost:
REAPS Members and guests are FREE with registration. Please do not show up at the event without pre-registering. This event will be full and we will only have seats available for people who pre-register. Register here
Location and Time:
10:30am Saturday
Mercer Island Community Center
8236 SE 24th Street
Mercer Island, WA 98040
**Meeting Room 102**
Cut your stress with a mini-vacation to our REAPS Real Estate Investing EXPO. Dozens of great vendors (and we pack the house with real estate investors) will generously donate $50 door prizes to be given away. Every adult attendee is eligible to WIN and there is no limit to the number of prizes you may win! BUT…you must be present to win. In addition to meeting the folks behind the businesses that can move your business forward, you’ll enjoy a relaxing evening of contests and prizes worth thousands of dollars, a no-host bar and a chance to network with hundreds of fellow RE investors and landlords from all over the region. This year we have added several mini-classes that will be taught at various rooms in the hotel that you can jump in and out of too! This event is FREE for anyone to attend who pre-registers!
Here's your checklist for a great evening.
1. Your great attitude!
2. Tons of business cards. Each time you visit a vendor table and leave a card you will be entered AGAIN to win a door prize. We will have over 30 vendors to visit and drawings start at 7:45pm.
3. Your best vacation attire! Everyone spotted sporting their vacation clothes gets one entry to win another door prize!
4. Cash for the no-host bar.
5. Bring your dancing shoes for WII. We will be having a dance competition throughout the night. If you win against your competitor then you get another chance to win a door prize.
6. Bring your Haves and Wants. We will be having a mobile version during the night and if you participate then yes you will get YET ANOTHER CHANCE to win a door prize. Are you catching my drift?
7. We will be playing REAPS BINGO. Every winning BINGO card can be redeemed for....YOU GUESSED It - door prize entry! Want to get a head start? Just keep your eye out for our email blasts for the clues.
Cost:
This event is free and open to the public. Registration is required.
Location:
Bellevue Red Lion Hotel
11211 Main Street
Bellevue, WA