I'm in DC.

I've done a bit of work over there on a few gut renos + additions, however i'm mainly working in DC, NY & MA right now.

We did this in Oregon and WA before the laws made pre foreclosure pretty unappealing. and it took 6 door knockers to land 1 to 2 deals a month.. and of course you need a boat load of ready cash. 

Purchase price: $159,800 Cash invested: $25,000 Triplex rental property located in Spokane WA.

Liability/Risk - What I have been told by attorney's in WA state is putting your investment property into an LLC limits risk to your personal assets in the event there is a suit against you.

If anyone is interested in investing in the PNW (north of Seattle), specifically around Bellingham, WA I'm happy to chat/collaborate/assist in any way about your strategy or your next deal.

I could theoretically go a bit bigger probably,  but I'm being conservative since I suspect we will get statewide rent control in WA similar to oregon's statue next year,  so I don't want to overleverage myself.From the talking with a couple commercial lenders I gather the main differences from1-4 unit financing are:1)  variable APR,  usually with a lifetime maximum cap. 2)  15 or 30 year amortization rate (or some other options) but with a balloon payment after a much shorter term, like 5 or 7 years, meaning you MUST refinance or payoff at that time.   

Hi All,I’m looking for a property manager recommendation for my single family rental home in Renton Washington. 

We have a single family house in Everett WA that we purchased in 2011, we owe about $150k and our mortgage is pretty low. 

@Drew Wa depending on the tenor of the installment sale, IRS does have a minimum interest requirement - ie. if you claim a 0% interest rate, the IRS has a table with what the minimum interest rate should be on an installment sale of that tenor, and you will be paying taxes on the deemed interest.On the capital gains front, I am not 100% certain, but it would make sense that any installment gains received in the first 12 months of your purchase of the property would count as short term gains and anything after 12 months would be long term, again, not certain as to this point.