I started my real estate career in 2014 working in marketing at PPR Note Co. with Dave Van Horn.

What markets are you looking into? 

To be honest in today’s market I’m not seeing nearly the amount of wiggle room in renegotiating a price based on repairs.

How true is this, and how could that affect my real estate strategy if I were to enter the Texas market as a Washington State resident?

This is a good opportunity in a strong market, and with your excellent credit and HELOC funds, you’re in a great position to make this project happen.

Include a buyout clause allowing you to transition to sole ownership after two years, based on a pre-determined valuation formula or market value.Use an LLC to hold the property for liability protection and pass-through taxation, ensuring both partners benefit from depreciation to offset rental income.

CT spots like Bridgeport and New Haven also pop up a lot in conversations about good starter markets.

If you're looking to connect I am happy to chat about this market and find a property within your goals.

At what point do you start marketing?

Purchase price: $275,000 Cash invested: $129,000 20-unit hotel, was abandoned and had sat on the market for 3 years.