All Forum Posts by: Robert Spears

Hey thanks for the encouragement and great input! this has been really helpful. 

Hi all, wish I could be more dedicated to the forums but as a first time home buyer/real estate investor I find it hard to keep up with everyone. I was wondering how you guys find the rehab cost of a house and if you do it before you get it under contract or after? because I'm trying to figure out how much the ARV would be and then how much equity I would build into the house and figure out how to BRRRR from there. I'm currently looking in the Tacoma, WA area or Pierce County Washington

Thanks and Glad BP is what it is today! 

@Bill F. @Kyle J.

Thanks for the feed back! I think I might have written it in a confusing way but my thought was that if I got say a bathroom/kitchen faucet for a rental property and then return it when it had worn down or been broken by a tenant and use that money to purchase a new one or a upgraded one. But that probably still goes along the lines of using the system. I guess maybe it comes down to where you draw the line of trying to find good deals or taking advantage of others to get a good deal. My intentions where not to cheat a awesome company out of their services but use the ones they provide, hopefully that is more clear.

Hey one and all! While I was waiting outside to get picked up I saw this old husk of a couch waiting on the curbside to be whisked off to a far far place called the land fill. On this couch was a tag saying Costco and I started thinking to myself well, they should have just returned this to Costco because every one knows that you can return anything and they won't ask a question! 

So I was left with a question, do or why do people not buy things from Costco and when it wears out from tenet use return it therefor saving money on there investments? 

I'm looking forward to meeting the pros! 

@Rob Terpilowski 

Awesome job! Very inspiring, I'm looking to do some thing very similar in the tacoma area. So seeing some one else already doing it makes me want to get into the market all the sooner! 

Thanks again everyone! This is very encouraging that I am on the right track and confirming some of what me and my wife have been planning. Also thanks for the helpful tips to keep the conversation going, for where I can keep learning the industry, and for the group meet up info! 

Once we get most of our debt payed off next year we'll be able to also save to put a down payment on hopefully a 2 unite house or duplex or what ever works for us. The plan is that my mother-in-law would move into the other side and rent from us while we fix up and add improvments thus creating a good foundation for moving forward from there. I am a little afraid we are behind the market but its still better to jump in at some point then never at all! 

Sorry to hear that the Drywall guys didn't stick it out! if it happens again be sure to hit me up! I should have some recommendations for people in the area. Should I start with an agent even though I'm not that close to being able to buy, or what kind of time line should I have for buying? I do want to learn how to analyze and practice that so that when we are ready to buy I am prepared  

@Brian Hughes

@Dmitriy Fomichenko

@Julie Marquez

@Ryan Evans

@everyone else 

P.S. Hope the @ thing isn't to annoying/leaving people out. If ya'll have tips on how to use it more appropriately let me know!   

I have a aunt in law and they do well with it even though they are in a rural area but they do live close enough to a water park that can help with getting interested customers. They also live right next door so they can go over to clean it and maintain it quite easily. so for them it is successful enough.  

after listening to the podcast for awhile if anything I've learn it is that it depends on what your looking to do and how involved you want to be and if you can get the numbers to work for a profit. 

Although, I am curious on Seattle's new laws taxing Airbnb rentals and how that effects that kind of market and what other city's have done this or how new it is and Seattle is just catching up? I just heard it on the radio recently though and have not read up on it much. 

Thanks guys I really appreciate the warm welcome! 

Hi, one and all! 

My name is Robert Spears, my beautiful wife, Jasmine, and I live in the Seattle, WA area. I grew up in Auburn WA and my wife in Tacoma WA. We are looking into rental properties in the Tacoma area mostly and a few other areas and I have been trying to do my due diligence in researching and learning first before starting to buy. I have had interest in real estate for a long time and had opportunities here and there but it had never been the right time. After talking with people here and there I've heard about bigger pockets and started to look into the awesome community here but was a bit intimidated at first, never really committing to starting anything. Now that me and my wife are starting to prepare to buy our first place and stop renting I have started with listening to podcasts, reading books, like rich dad poor dad, and trying to get a finical plan going to get us ready for investing! 

I currently am employed as a drywall finisher in the union. I have done drywall in and out side of the union. I have experience with residential as well as commercial drywall. I have loved buildings and always wanted to have my own house but now I want more then just my own house! 

I am excited to start to be apart of the community here on BP and a little overwhelmed but one step at a time! I do have a newbie question of where I should look for community here in WA and where I should start finding a team to help me and my wife buy our first rental property?