All Forum Posts by: Scott Kelley

I'm also curious of people's success with the DriveBuy REI platform. It IS a BP Pro vendor but I haven't seen much about the actual product.

Thank you all for the input.  I'm still out there looking every day.  I'm sure something will come along that meets my requirements.  I'm really looking out of state now.

Thank you all for the input.  @Frank Wong, what things do you look for in an area? What financial metrics do you use?

@Steve Vaughan, I think I can pick one property up for about $15k under market value. It's a SFH built in 2016 and I'm confident I could get it rented quickly. I just need to keep the owners open to my terms.

Born, that’s generally what I’m finding but there are some places in Lacey that are in that range.  I’m likely to pull the trigger on one pretty soon.

I agree that depending on appreciation here is challenging.  I’d certainly look at Shelton, Elma, etc. but haven’t even found anything that cash flows in those areas.

I’m looking into Colorado, Arizona and some others just to try and find something that the numbers work on...

Hi all, I’m currently looking to find a “home run” buy and hold deal that will cash flow.  In my area, I really haven’t found anything because the market is currently so high.  I’m finding similar issues in other markets I’ve been assessing.

My question is this:  If you were to buy a house that didn’t meet the 1% rule for cash flow, what factors would you look at to break that rule, or would you ever buy a long term rental that didn’t meet the 1% rule?

There are some newer homes in my area (1-3 years old) that may be available at lower than market purchase prices, but they would generate between $2000-$2500 per month on a property that cost $300000-325000. Would you consider a property like this as a potential cash flow investment or only something to consider for appreciation?

Thanks
Scott

I’m looking for an attorney and accountant to make sure I keep everything in order. Prefernsomeone local to the Olympia or Tacoma areas. Any recommendations?

Hi all, I've sure noticed a slowdown in properties coming on the MLS here and I'm seeing a much higher days on market for properties. Are you seeing the same in your area? Do you think it is a cyclic slowdown (Fall tends to slow) or something more?

As a buy and hold investor, my market (Seattle) is too expensive to get any significant return right now so I'm very interested in remotely purchasing properties.  Do any of you have a "home run" market that you recommend right now?  I'm just trying to feel the pulse of the community.

Thanks

Scott

Looks fantastic and the numbers look fantastic.  Congratulations!  The tree removal was such a good idea, and relatively simple.

View report

*This link comes directly from our calculators, based on information input by the member who posted.

Hi all, I'm interested in feedback on this duplex.  Their asking price is quite a bit higher than what is in the report, but that was the purchase price I found that made the numbers work.  Is there anything else I should be looking at?

If anyone is knowledgeable about Arizona, I'd also be curious is $1800/month rent is at a normal level for a 2bd/2bath unit in a duplex.  Per rentometer, it should be fine, but I'd like to get a feel from someone in the know.

Thanks

Scott

Hi all,

I recently passed by Washington Real Estate Broker exam and am looking for a brokerage to hang my license with.  I already have an offer from Redfin to become an associate broker, which looks like a nice way to get into the field, start getting experience, and continue to work my full time job as I develop my RE career.  However, I have some reservations based on feedback about Redfin and their policies.  I'm most concerned about my ability to leave at a later time.

Do any of you have recommendations regarding things I should be looking at? None of the prep work has really given me the tools to know what I should be looking into.

Thanks!

Scott