Originally posted by @Ari Anthony :Originally posted by @Jake DeAtley:
Hi @Kendal Lamb ! I will throw my name in the hat as well :) I as well was initially drawn to investing, which led to becoming a Realtor here in the Olympia, WA area (Thurston County and surrounding). I own and self manage 16 doors in the area and currently all within about a 30 minute drive. I am interested in exploring longer distance investing, but its all about having people on the ground that you trust! So I'd need to make sure I had those relationships first. Always happy to connect with other like minded RE agents and happy to share leads! Cheers
Hey Jake I would love to connect! I’m in olympia too, and I’m looking to begin investing with a friend of mine. If you’re open to it we would love to take you out to coffee and talk about your experience investing in and around Olympia
@Ari Anthony I'd be happy to connect and grab a coffee! Shoot me a DM and we can coordinate.
@Brandon Vukelich ID, MT and UT all are great markets as long as you can find a decent deal to cash flow. I'm sure you know prices have gone up significantly, but it still doesn't hurt to keep an eye out for the diamond in the in rough. Great Falls is a great place to invest. Properties are still cheap and with the Military Base there you can always find renters. I would love to connect and chat more about investing!
You'll love it here! Have a safe trip.
@Kendal Lamb absolutely give me a shout privately and we can connect
Hi @Kendal Lamb ! I'm an agent in the Boise area and an investor as well. My husband and I have been investors for years and have had properties in both Idaho and Washington. A strategy that works well for us especially when looking for properties out of your area is buying new or nearly new (we like 5 years old or newer) homes so they are super easy to self manage from afar and aren't going to give you any major trouble for a long time. We also find that we get higher quality tenants in nicer, newer homes and therefore they take better care of the place and our capital expenditures (and headaches) stay very low. Just something to think about!
@Anna Strausbaugh Such great advice! Thank you! That is mostly why we are looking to invest out of state... Cheaper/newer investments that bring in higher quality tenants.
@Kendal Lamb you're welcome! Happy to talk strategy anytime if you want. Newer homes is a great strategy that has paid off well for us :)
Hey @Kendal Lamb I live in Denver, CO and have 2 rentals in Colorado Springs (about an hour south). I will be a licensed agent at the beginning of 2021 and would love to connect with you and anyone you know looking for properties in CO!
We invest locally and are hoping to invest out of state at some point. Right now we own a 4 unit multi family and a skicondo that we Airbnb. We are in Vermont - a lot of west coast folks are coming to the east coast due to the fires. Our market has skyrocketed - house prices are up 25% from last year
Check out the book “Landlording on autopilot” covers many topics in regards to having a business on autopilot with investing. Author was a full time detective self managing 40 or so doors. He has some great meat in that book for automation of everything down to qualified potential tenant walk throughs.
My personal thoughts on your area in question is what’s the approximate YOY appreciation in that other town? I know we all say appreciation is the cherry on top but, it’s a very big cherry on top IMO and opinions of many. In my area I have markets within an hour very high cash flow numbers with low barrier to entry costs but the appreciation is sub 2% YOY over the last 20 years.
Just my .02 hope it helped.