All Forum Posts by: Zack Parkins

Quote from @Emily Hazard:

@Zack Parkins I would be happy to help you work on lease. We (my husband and I) have been underwriting deals for years now. Another great idea would be to find a place close to a hospital and work with traveling nurses. They don't need the place for anything but to sleep and their company pays for the rental. 

I’ve actually tried looking into this before! There’s a big medical facility in Silverdale Washington. Do you know if there’s a network where nurses are matched with living accommodations?

Quote from @Dave Skow:

@Zack Parkins  Kitsap is a good  idea ...Bremerton  has  some older  worn  properties  that might be  possible ...Port orchard is seeing a large growth  curve and alot of entry level  buiding is happening there ...if you get  any more remote than the   towns / cities - the  proeprties might be tough to  find  decent  renters for 

Hey Dave!

I totally agree, I see crazy growth in Port Orchard and I suspect it to continue to grow. I see the shipyard, amazon shipping facility, and the new racetrack (if its ever built) being the key drivers to the growth. Something that has also caught my interest is the newish fast ferry that began service in Southworth. In your opinion, is it a good idea to allow public transportation access to influence where you choose to buy to rent? In my head I see buying near Southworth as a good idea because it allows for quick access to downtown Seattle BUT its about 20 minutes away from any major highway or shopping center... Thanks for your time!

Quote from @Sergey A. Petrov:

Connecting with a local property manager will be your best bet in assessing the rental market demand. If you want to do it yourself, you can do a quick search on zillow, apartments.com, craigslist, etc and see how many similar properties are available now vs say September 1. If 20 are available now and only 1 as of Sept 1 you know they are sitting vacant waiting for a tenant. If only 1 is available now and there are 20 in September then 20 in October, etc you know they get re-leased quickly because there is only one vacancy now and none until Sept 1.

 Hey Sergey,

Great idea! It sounds like you've done this yourself. Would you say it's accurate to assume that leases that are year to year likely start/end in summer? When attending college that's always when my leases would start/end but I just assumed that was the norm in a college town. Thanks for you time!

Quote from @Natalie Roger:

@Zack Parkins welcome welcome!

I'm a big fan of the south sound but maybe a bit bias having called it home for many years. The areas you mentioned are great submarkets - along with lower prices I would also use rental demand as a criteria to narrow down your search. Getting a cheap house isn't a great deal if no one wants to rent it. I'm more than happy to talk strategy if you want!

Hey Natalie!

I can understand the bias, I grew up in Port Orchard and am a bit attached to that area! I do see your point about rental demand. How would you go about assessing rental needs in these areas? 

Hey Julien!

Thank you! I think those areas sound great especially considering the expansion of the light rail system which will make commuting into Bellevue and downtown Seattle a breeze. It will only get better from here :)

Hey Y'all! Excited to be here, Ive been listening to the Bigger Pockets podcast for over year now and figured it's time to join the community. I plan to do a few fix and flips in the towns around Seattle such as Bremerton, Port Orchard, and Tacoma until I have enough capital to break into the Seattle area and scoop up a couple multi families to rent out. I currently work as a Real Estate Technician where I work along side real estate agents and assist with title Research and assessments. I'm aiming to pick up a fixer upper in the next year. Im not afraid to get my hands dirty and I come from a family of trade workers so I feel confident that I can handle my own fixes. For anyone reading this, would you care to share a tip or piece of advice you wish you knew when you first started out in real estate investing? It would be greatly appreciated! Thank you and happy investing!

Hey people of BP! I am a new investor in the Seattle region and I'm doing some market research. Most of the neighborhoods in the greater Seattle area are out of my price range so I am considering other markets in the region such as Bremerton, Port Orchard, and Tacoma. Anyone have any success in the areas for fix and flip or buy and hold? Thanks!