Washington DCHow would you scale?

@Jim Doyle- thanks   1) consider increasing the purchase price by the amount of the elec and roof  work that needs to be done  and then assist  seller with  getting the work  scheduled and completed  ( as this will be required to be donw before closing ) ..this way the  seller  is technically  paying for the  repairs  and they wont lose  any  proceeds ....they will pay a little  extra  wa state sale excise tax  but  that  wont amount to too much  2)  consider  putting less down  and using some of your funds to pay for  the repairs  ( or part of the repairs )   3)  consider using a rehab loan  4)  consider  keeping the price  where it is and asking for the sellers to complete  repairs  (  this likely wont happen)  5)  get roofer and contractor  estimates and get them  lined up to do the work asap  as it might takes  weeks to get this scheduled / done  6)  ask seller for  extension on closing date if the  work  will take  longer than 10 days ,,,Good luck

I'm Heather S. from Spokane, WA.

I invest for my own account, and do deal analysis for my syndication business while my partner runs all other (administrative) functions.  

As I understand it, the Small Business Administration (SBA) doesn't loan money, it partially guarantees a loan from an approved lender to a qualified borrower, so the money is owed to a lender, not the SBA. 

I agree with you in that each different asset company can operate slightly differently when it comes to administration, paperwork, certain time and bid period processes, as well as the counter offers inviting people to bid higher. 

Only later did I decide to use leverage and refinanced with Washington Mutual.

It currently brings in a NET cashflow of $1,000 a month in Washington!

On the other hand, probably lower property costs there vs other locations.We've looked at a couple locations on the OR coast, but as a WA resident adding the OR income taxes have made other locations more attractive for us.

I'm particularly passionate about Seattle, Washington, Columbus, Cincinnati, Ohio, Indiana and Pittsburg, PhillyExcited to learn and connect with you all!