Thank you everyone  for engaging on my posts as I ramp up towards my first deal!

You should have a clear understanding of property tax rates, insurance costs, repair costs, utilities, landscaping etc.Any buyer must develop their own proforma and that is what should be relied on.

Many YouTube videos and books on the subject will help, too.I found that practicing analyzing deals was very beneficial. 

The lease termination fee needs to be paid at the time they request this, do not substitute the security deposit for this purpose.This will ensure compensation for time, money and effort needed for a tenant turnover, including advertising and showing costs, regular repairs, utilities during vacancy etc.

Either way buying it and having on site will save you time and labor costs provided it fits the space and works with the existing drain. 

Unfortunately, if you are hasty and/or don't underwrite your first deal properly, it could become an expensive mistake.Reach out to me to chat if need more guidance...

Hard stop.I agree that Hubspot is the easiest to use and it's free so well worth the no cost to play with that with under 1,000 leads.RESimpli is something you could upgrade to as you get moving.

That experience will definitely come in handy when evaluating properties, estimating renovation costs, or managing projects.Feel free to reach out if you have any questions or need advice as you get started.

However, I have found that in Seattle, most investors stay away due to the stringent renting laws and the high cost of real estate.

I believe there’s always a deal to be made but one must have the necessary tools and most of the time those tools are Individuals with Experience.