All Forum Posts by: Account Closed

@Jeff Wittig that’s awesome. Well done!

Looking good @Jeff Wittig! Congrats! How did  you find the deal? 

@Cody Callaghan great, wish I had stayed as well. I have only been to one meetup, one time and it was Next Gen REI Club Meetup. I am planning on attending this Thursday as they generally meet every week.

Hey @Cody Callaghan,

Awesome, are you moving from Seattle? I have learned there are several rougher neighborhoods in the area to stay away from, so make sure you do your due diligence. I also wish I would have joined the local meet-up sooner and more frequently (I have only been once so far). Let me know when you make the move and we can meet up if you want.

-Spencer 

Hey @Steve Vaughan,

It was on the MLS. We just purchased it in September and likely (unfortunately) paid close to market-value. However, using the VA loan minimized our up-front costs and the rents are about $300 under market which is probably the largest value-add opportunity at the property. Once we move out and get the rents up to market it will produce some good, positive cash-flow, but between the house and the duplex, we are living rent/mortgage free, which was the short-term goal!

Hi @David Walker,

Thanks for reaching out. We are currently looking for another 2-4 unit multi-family property. We would also consider anything with the ability to turn a portion into an AirBnb i.e. detached garage or shop area.

Hey @Taft Love!

I hope you are starting to feel settled in here in Spokane. My wife and I just relocated from Seattle to Spokane for some of the same reasons back in April. We have purchased a house and a duplex since our move, and are actively looking to purchase another property.

I'd love to meet up for a beer or a coffee sometime!

-Spencer

Investment Info:

Small multi-family (2-4 units) buy & hold investment in Spokane.

Purchase price: $307,000
Cash invested: $3,000

I purchased this property in September 2018 using a zero down VA loan. My wife and I are currently owner-occupying one side.

Investment Info:

Single-family residence buy & hold investment in Spokane.

Purchase price: $140,000

I purchased this property in July 2018 and am currently renting it out.