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All Forum Posts by: Stacey Olson

Stacey Olson has started 21 posts and replied 60 times.

Post: Last Call for the Informal Tacoma and South Sound Meet-Up!

Stacey OlsonPosted
  • Real Estate Investor
  • Tacoma, WA
  • Posts 64
  • Votes 16

Hey all, please let me know by 1 p.m. today if you are planning on coming tonight so that I can confirm numbers with the restaurant! RSVP via Message is a great way to go. See you soon! --Stacey

Post: New to REI. New to Biggerpockets. Ready to learn.

Stacey OlsonPosted
  • Real Estate Investor
  • Tacoma, WA
  • Posts 64
  • Votes 16

Welcome @Garrett Diegel!

My husband and I are new to REI as well. I recently started a couple of forums that have resulted in a few gems in terms of good and bad REI habits. Maybe you'll find some of the responses helpful as I did:

http://www.biggerpockets.com/forums/48/topics/1419...

http://www.biggerpockets.com/forums/48/topics/141921-worst-rei-habits

Good luck in your endeavors!

Stacey Olson, Tacoma, WA

Post: Worst REI Habits

Stacey OlsonPosted
  • Real Estate Investor
  • Tacoma, WA
  • Posts 64
  • Votes 16

@Westin Hudnall last but DEFINITELY not least! :). These responses are  full of experience-based insight. Good stuff!

Post: Worst REI Habits

Stacey OlsonPosted
  • Real Estate Investor
  • Tacoma, WA
  • Posts 64
  • Votes 16

What do you consider to be some of the worst, time wasting or most destructive habits of new Real Estate Investors?

Post: Best Practice, Best Habits

Stacey OlsonPosted
  • Real Estate Investor
  • Tacoma, WA
  • Posts 64
  • Votes 16

What do you consider to be some of the best early habits to establish as a real estate investor?

Post: Financing a Home with a Partner

Stacey OlsonPosted
  • Real Estate Investor
  • Tacoma, WA
  • Posts 64
  • Votes 16

@Hattie Dizmond, I am wondering about the ethics around handling an FHA purchased property that way. Would you mind speaking to that a little (do you think it's a grey area, a non-issue, or ???). Am I understanding correctly that deeding the property into a trust with both parties as beneficiaries is a way around the FHA requirement that all parties who are on the mortgage occupy the residence? Are there legal ramifications in a transaction like this?

Many thanks in helping me get a handle on this!

Loving the responses! Thank you. @Larry Turowski I'm with you, this kind of information, these kind of discussions, this type of input is definitely a part of what keeps me going, especially in these early days as we work at getting our REI life going.

So, here's the sum of the input so far (thoughts?):

1. HOW LONG UNTIL YOU CLOSED YOUR FIRST PROPERTY (FROM WHEN YOU FIRST GOT SERIOUS)?

73% say <1 year

20% say approx 2 years

6% say approximately 3 years.

2. WERE YOU WORKING FULL TIME OR PART TIME ON REI WHEN YOU ACQUIRED YOUR PROPERTY?

87% say PT

13% say FT

3. MY FIRST PROPERTY CAME FROM _____ (MLS, DRIVING FOR DOLLARS, YELLOW LETTERS/POST CARDS, ETC.)

47% say MLS

13% say Marketing Campaign

20% say Direct Contact with Seller (FSBO, etc.)

20% Other (Word of mouth, Take over payments, etc.)

4. MY FIRST PROPERTY WAS LOCATED ______ (NEAR MY HOME, OUT OF STATE, ETC.)

100% say Near Home

5. I HAVE BEEN INVOLVED IN REI FOR _____ (MONTS/YEARS) AND I NOW HAVE CLOSED ON ROUGHLY ______ PROPERTIES.

13% say <1 year; 2-4 properties

7% say 1-2 years; 4 properties

13% say 3 years; 3-11 properties (3-27 units)

13% say 6-7 years; 4-21 properties

20% say 9-10 years; 5-24 properties

13% say 11-19 years; 3 (15 units)-100 properties

13% say 20+ years; 50-1000 properties 

6. I CURRENTLY WORK AT REI _________ (FT/PT)

20% say FT; 80% say PT

Post: Informal meet-up in Tacoma, WA...Calling all interested parties

Stacey OlsonPosted
  • Real Estate Investor
  • Tacoma, WA
  • Posts 64
  • Votes 16

Hi all! @Tiffany Plovie just contacted me and suggested that we combine forces (Tacoma local with South Puget Sound) for a September meet-up.  We are discussing the weekend of September 13th. I'm thinking this is a good idea in terms of extended networking exposure. What would you all think about a big meet-up in September and then we can plan for another time to connect in October and/or November for those who could use the added pick-me-up(s)? 

Saturday September 20th is a back-up option. Let me know how those dates work, then Tiffany will put a message out to the list she has going (with everyone in this forum included).

Best to you as you bring your week to a close!

Stacey

@Account Closed @Brie Schmidt From the time of your first REI purchase, how long was it until you were able to consider yourself full time?

Post: Informal meet-up in Tacoma, WA...Calling all interested parties

Stacey OlsonPosted
  • Real Estate Investor
  • Tacoma, WA
  • Posts 64
  • Votes 16

Hi all,

My husband, Eli, and I are ready to meet some of our local BP community face to face.  I'm thinking about planning a little informal gathering here in Tacoma (probably @ the Ram down on the Tacoma waterfront), but wanted to put my feelers out before making any official plans. If you're interested, please respond with the following:

1. Top two choices for day of the week.

2. August or September?

Thanks!