All Forum Posts by: Tony K.

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Brandon Turner Thanks for the welcome and the resources, great insight.

Hi Matt,

Seattle is a great place to buy and hold.. Prices for housing in the area is going up. I hear many hedge fund managers are buying 3bd 2br housing at or above market price for holding... To sell later when prices of houses goes up. To reach 1% or above rule for cash-flow for single-family homes may not be the point of focus for highest profit, rather the flipping of the house would be the profit.

It is true, other areas in the country have better cash-flow return (Cleveland, Detroit).. However some do exist within Washington... If you are looking towards cheap properties and cash-flow rentals; I hear further South is good. Ie. 2-3 hours South of Seattle has 40k-60k 4plexes (msg me for more info). These individuals probably rely on government subsidies to make rent, and there is lots of property management involved.. Good tenants can be hard to find. Talk to @Brandon Turner to find more about cash-flow producing properties, and the amount of property management it entails..

Tony

... Not selling anything in the above post; was displaying some of my business plan..

Cheers

Hi All,

This is my first post in BiggerPockets forums but I have been lurking the forums for the last couple of months. Excellent educational resources, and even better, success stories.

About me: My previous role was healthcare tech consulting, now full-time investor. Still lots to learn, glad to be part of the community. While a new member on the forums, I have been actively networking with the community, including recent Seattle meet-up In tacoma, hosted by Brandon Turner. Great job on your success Brandon. It was also beneficial to hear from what others are doing.

I am currently focused on wholesaling distressed properties in the North Seattle- South Seattle Area to build up capital and may consider cash-flow rental properties/4-plexes in the future. (2% cash flow sounds like an ideal situation, property management seems ok)

I am also interested in meeting with other local investors, hard money lenders whom are in the market for single-family homes, given the deal makes business sense.. I will be re-launching my website shortly here (changing host server), which has a signup for buyers list, where I note which properties may be a good deal, Whether it be Zillow foreclosures, short sales, etc..

I'm also interested in meeting others in the community with a passion for house-flipping, including newbies.

Tony