We are interested in broadening our horizons and wanting to invest in more rental properties.

One of the neighbors said " what I saved in commissions  is buying me my new fishing boat " 

I'm by no means a "big fish", but do have some out of state properties and local rental properties that would require a little more TLC. 

Hi everyoneMy direct marketing campaign so far has been a like fishing with a net - sometimes the deals that are on offer aren't what I'm used to and I could use some help thinking through the numbers on a 6-plex.

But you're total gain including depreciation recapture was $60K so you would end up having to pay the tax on all $60K - no benefit to the 1031.The other question you're hinting at is what if you bought a tract of agricultural or hunting/fishing land that you intended to use for productive use (wilderness activities, rental, agricultural, livestock etc etc). 

+1...fish through BP, bet you'll be surprised at how many people from your market post here.

that's what I am thinking.. going to look at a plant today.. ( after salmon fishing on the Willamette )not really interested but my buddy who is developing it wants me to look at it.. and since its his boat I am obligated.although he got a master lease from the city for his facility so the city is buying off on it..  

Otherwise, good luck in your search, it is a highly competitive market for investments around Seattle, you might want to broaden your search to 90 miles away...

I have no experience in real estate investing my roommate introduced me to fish dad poor dad about a year ago and I’ve read a few other books and listened to podcasts in here but that’s about it.

Happy to offer advice/ share experiences as well as looking to broaden my own knowledge base and increase my portfolio. looking foreword to making new connections and possibly even a deal or two.