My husband and I live in Seattle and invest in Tacoma (5 properties).

Hi all, we are looking to pull out some cash from our current Single family homes in Tacoma.

One thing we offer to do is bring in a team to pack everything for them, pay for movers and have our team unpack them at their new residence.  

But more than 2 weeks past, she didn't move out, and  her story kept changing,  haven't found a place....mover didn't show up...Can any one recommend an attorney to help us evict her?

Background: Myself and my husband recently bought a triplex very close to Fort Lewis in Tacoma in Washington State.

My main goal, at this point, is to connect with investors and join a team as an Agent in order to see different types of investment opportunities first hand so I can take that information and utilize it once I take the plunge myself.A little background about me -- I graduated from the University of Puget Sound in Tacoma, WA where I double majored in English and Philosophy with a focus on pre-law.

I spent 30 years in Tacoma and know Puyallup well!.  

Generally banks don't want to value the homes because mobile homes are depreciating assets and they don't want to give valuation credit for something that will depreciate over time.If you look at this deal from a lot rent income analysis basis:$350 lot rent / mo x 2 x 12 = $8,400Minus:$2,000 in taxesLeaves you:$6,400 And that's before other expenses.The $200 above lot rent you earn from the mobile homes could likely get eaten up in cap ex and R&M over time.But let's say all of that was profit:$200 x 2 x 12 = $4,800If you combine the two figures:$11,200 (Net Operating Income - a very optimistic number)He's asking for $150,000$150,000 / $11,200 = 7.4% Cap rateThat's a 7.4 cap rate on a very optimistic NOI (net operating income).Normally with MHPs, you'd be looking to buy something that small at a 10cap or above off the NOI from lot rents only and then paying something extra for the homes, depending on their age and condition.Banks usually value at NOI off the lot rents divided by the cap rate times the Loan To Value ratio.NOI / Cap Rate = ValueValue x Loan to Value (ie. 75%) = Maximum amount of the loanGeneral expense factors for mobile home parks are usually somewhere between 30-40% of income.So the bank might look at the NOI as being closer to: $5,040 giving the property a cap rate of 3%If you had a 75% LTV meaning you borrowed $112,500 from the bank at 4.5% over 20 years, your annual debt service payment would be: $10,327 / year, meaning your current cashflow wouldn't cover the bank payments.Usually banks want to see a minimum Debt Service Coverage Ratio of 1.2x (You earn at least 20% more than the debt service payment).Let's say the bank were willing to financing this deal.. you'd have to get your annual debt service payment to $4,200.That means borrowing about $46,000.So you'd have to raise $104,000 or bring that to the table.Cashflow after debt service would be: $840 That's a cash on cash return of: less than 1%At that Cash on cash return, most likely your private lender would have to be an equity partner since there's not enough money to make debt payments to the lender. 2.

hi everyone I'm new to investing and just bought my first fourplex I'm looking for some local groups where I can meet other people that are also investing so I can pick their brains a little bit and Network does anyone know of any local clubs in the Seattle or Tacoma area or events that people are getting together who are in this game?

Hello - wanted to get some basic input on estimated costs for retail strip mall development costs with the following preliminary details:-Area: Seattle / Tacoma area, suburb with ~35k traffic counts past the lot-Land Size: 1.3 acres-Building sq ft: ~12,000-# of tenants/spaces: 6-8-Land shape: Sligltly slopedWhat I'd like help with is to understand the major costs associated with such a development.