All Forum Posts by: Sam Choi

Hi James

Would you be able to recommend few companies that can help newbie investors create LLC that is legitimate for WA investment?

THanks

@Dan Leaman Thanks Dan. I'm in the process of doing some research in South Hill area now. Because this will be my 1st investment property, I'm trying to be cautious but at the same time eager to start investing and get some exposure. I would appreciate if you can elaborate in what you mean by "buy at reasonable price". Thanks and hoping to connect with you to learn more about the area. Sam

@Dan Cumberland Thanks Dan!! I bought my first property going to time the bottom market. In hindsight, I think I got lucky. Like you, I'm also trying to start looking term buy and hold investing with monthly cashflow. It has not been easy in state and I'm doing research to identify potential market out of state. Hopefully we can connect and share our research data :)

Thanks @Dan Cumberland

I am also seeking a cap rate of 10% or higher but have not been able to find such opportunities but at the same time do not want to sit on the sideline and not learn anything. Are you an agent? If you have opportunities that yields 10%+ I would love to connect and see if there is anything I can also help you with. Thanks

My agent has recently shared a listing of a potential monthly income rental property in Puyallup are

Details:
4 Plex (2 of 1 br/1ba and 2 of 2br/1ba)

Located in South Hill neighborhood in Puyallup

Built in 1976 (needs some renovation)

Current Monthly income: $3k 5% CAP Rate(With renovation can potentially increase monthly rent up to $4.5K 8.9% CAP Rate according to Rentometer.com)

Knowing that real estate market in Greater Seattle area is slowing down, should I pull the trigger on this opportunity?
Your knowledge, opinions will be appreciated!