All Forum Posts by: Timothy Tooker

Hello BP,

Looking for Property Management recommendations. Thank you in advance.

@Timothy Gordon,

There are a lot of options in the real estate world that you can get into to learn different aspects. If your goal is to own multi-families, then I would start educating yourself on the equations, terms, financing and acquisition methods for that asset. In the mean time, becoming a part time agent exposes you to a plethora of real estate situations. You can also volunteer to assist other investors in exchange for mentor-ship. I live in Puyallup, if you want to grab coffee sometime.

@Cheri Crane

You have multiple options.

1. Buy & Holds: With $100K you could get into roughly 4-5 properties in the Tacoma/Olympia area. These properties would cash flow and have equity. If you find the right ones, you will be able to pull some of the initial investment out. There are also places outside of Washington where you could buy cheaper properties and either pay for them outright or finance small amounts and possible pick up 10-15 properties. Each state/region will have its pluses and minus as far as investments go.

2. Flips: You have enough to finance the down payment and either some or all of a small to medium renovation project.

3. Loan to others: There are a variety of different people and institutions that you could loan your money to that would make you varying rates of return. BE VERY careful and do your research before deciding to go with any option. I own a hard money lending company and would be more than willing to discuss our options and guarantees with you.

I do not know much about the crowd funding arena, so I will let others speak of that option.

I wish you the best in your investing future. Send me a message if you would like to bounce any ideas or questions that you might have.

@Benito Sifuentes

If you have any questions about the Seattle/Tacoma area, send me an email or call anytime.

@Justin Murray

Welcome to BP, this is the best place to learn on the internet about real estate investing for free. Keep being persistent in obtaining your goals. You are only one Yes away from making money.

@Adam Beachnau

    1. Find a Realtor/Agent 

A. Who actually knows what is a good investment is (BRRRR or Flip).

   B. Who actually knows what a legitimate construction cost are.

2. Find a good General Contractor (GC) that can handle the renovation for you. Make sure this GC is licensed and insured. 

If you need help finding those type of professionals, feel free to email or call me. My contact info is in my profile.

@Douglas R.

I would recommend you connect & talk with @Bill Exeter. He is one of the leading 1031 exchange guys in the industry.

@Tristan Rynning,

You are welcome, if you have any questions my contact info is in my profile. Please do not hesitate to call or email.

@Ana P.

I have rentals in Tacoma and assist investors in finding Buy & Hold properties. Would be happy to answer any of your questions that you might have.

@Jace Baxter

Welcome to the JBLM area. I just retired last year from there. I am an investor/agent/hard money lender and I own a construction company. If you would like to sit down and have some coffee, just let me know. I am usually on base every Wednesday at the education center.