All Forum Posts by: Andrew Kniffin

I did a similar move last August, from MN to WA (living in Seattle).  It worked for me.  

I have some ideas for you.  PM me and we can discuss further.

Brian, great tip on using Flips as a "taste test" for investors prior to seeking their LP investor status on MF.  I really like that.  

Well done on taking initiative and control in moving from "why are these guys so much money" (as the Agent in CPA role) to becoming the Principal with your RE work.  Inspiring.

Yes - I wondered that same thing when I read it.  I'm sure that was his intent.  But we shall see!

I'm looking into purchasing (and rehabbing) a duplex in Bremerton, WA, so this question is pertinent to me, too.  

I like Jai's suggestion of tile.  That is especially valuable in the wet Pacific Northwest, where carpet would get worn down very quickly if tenants are not in the habit of taking off shoes when entering home (which we should assume as landlords).  

I don't any Class D properties.  But I wouldn't be oppposed to it, either.  The "how many guns do you own" mindset is exactly why the asset class is attractive: images exist that deter people, and push down demand on an asset class.  This results in outsized profits.  

If I were to buy a 50- or 100-unit complex in a Class D area, there is no way that I would be managing the property.  I'd have a PM, specialized in that asset class, be my onsite presence.  And once that is the case, it's irrelevant if I "own any guns".  

So...I think this line of thinking is quite silly, and only provides thinking for others' with more sound logic.

I second @Wayne Brooks' comment!

Columbia Title & Escrow was good for me on closing my personal residence.  They are in Seward Park.  I worked with Patty O'Young. 

I've heard that depreciation schedule is longer (ie, less advantageous to you) on 5+ units.  

39.5 years of 5+, whereas 27.5 years on 1-4 units.  

I've also heard people say this is not correct.  I've inputted both figures into my models, and it does not substantially change the buy/no-buy decision for me.

Great - thanks Blake.  

Hello BP Nation:

I'm looking at purchasing a tired property in Bremerton, WA.  It's a ferry ride away from Seattle, so I assume its location precludes many of the repairmen that would be used in the Seattle area.  

Thus, I need to find some contractors who are reputable, experienced, and investor-friendly that service the Bremerton area.  

Does anyone have solid recommendations and/or testimonials?  

Thanks