New Member intro: looking to house hack for my first investment
New to the group. I live just outside of DC, looking to make the move to Seattle in January of '24. I hope to be able to by a place for us to move into, preferably a duplex or larger to get started investing. If you are in the Seattle area, say hi. I don't have any experience, but am very motivated.
Quote from @Jacob Sweeney:Hi Jacob, fellow investor and realtor in the Seattle area. Would love to connect and help answer any questions you might have.
New to the group. I live just outside of DC, looking to make the move to Seattle in January of '24. I hope to be able to by a place for us to move into, preferably a duplex or larger to get started investing. If you are in the Seattle area, say hi. I don't have any experience, but am very motivated.
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Real Estate Agent WA (#141009)
- (360)631-2996
- https://thewc-group.com/
- [email protected]
#3 Tax, SDIRAs & Cost Segregation Contributor
- Specialist
- West Palm Beach, FL
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#3 Tax, SDIRAs & Cost Segregation Contributor
- Specialist
- West Palm Beach, FL
Hi Jacob, welcome to the community!
- Engineered Tax Services
- (561) 253-6640
- http://www.Engineeredtaxservices.com
Hey Jacob, glad to have you
#2 Real Estate Deal Analysis & Advice Contributor
- CPA, Real Estate Broker & Investor
- Seattle & Woodinville, WA
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#2 Real Estate Deal Analysis & Advice Contributor
- CPA, Real Estate Broker & Investor
- Seattle & Woodinville, WA
Welcome Jacob!
I love the duplex strategy. I live in Seattle area and that's how I got started. No experience but a dream and youtube.
House hacked the duplex and the rest is history. Feel free to reach out, happy to share.
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Real Estate Agent Washington (#129777)
- [email protected]
@Jacob Sweeney, your options are either small multifamily, or a split level single family. We see that small multifamily are typically over priced in the PNW because of very limited inventory
HI Jacob, welcome to SEA. If you're interested, we have local RE meetup events every month. If you are interested feel free to dm me and we'll be happy to connect.
As for starting off your real estate journey, happy to hear that you're hunting your first house hack! There are several ways to run and make sure you are maximizing your rental income while keeping your living expense as low as possible. Try looking into zillow/Redfin and see what your potential rents you can get near the neighborhood by filtering the bedrooms/bathrooms of the intentional property that you are planning to buy. This will allow you give a reference point on how much potential rent you can receive. (Max vacated rents - your monthly mortgage payment) = +/- net cashflow. Happy to connect and assist you in your real estate investing journey.@Albert Bui @Carlos
#2 New Member Introductions Contributor
- Lender
- New York, NY
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#2 New Member Introductions Contributor
- Lender
- New York, NY
Hi Jacob! Welcome to BP. I live in New York but am experienced in REI. Let's connect.
Quote from @Julien Jeannot:
Welcome Jacob!
I love the duplex strategy. I live in Seattle area and that's how I got started. No experience but a dream and youtube.
House hacked the duplex and the rest is history. Feel free to reach out, happy to share.
This is awesome! Glad to see other success stories!
Quote from @Sherief Elbassuoni:
@Jacob Sweeney, your options are either small multifamily, or a split level single family. We see that small multifamily are typically over priced in the PNW because of very limited inventory
I came to the same conclusion after doing a good amount of market research on the area. Im struggling to find anything that cash flows, especially 1-3 unit multifamilies. I found a few that may cash flow, but they are 5-6 units and out of my price range.
So nice to see all the welcoming replies! My girlfriend is still going through the hiring process at UW, so we are in limbo until then.