Newbie Buy and holder from Seattle, Washington

Newbie Buy and holder from Seattle, Washington

Investor · Seattle, WA · Member since 2014 · 12 posts · 3 votes

My name is Matt Bowers - I'm from the Seattle area and I work at Zillow. I guess that's where a lot of my real estate background comes from... absorption. My wife and I bought a big house with an apartment basement about 18 months ago, did the renovation ourselves and are renting it out for ~$1500. We enjoy being landlords enough that we're currently in the process of closing on a multifamily in Ballard.

My long term goal is to be a full time real estate investor, managing my own properties. We would prefer to invest in Seattle, but it's pretty tough to find properties that make fiscal sense.

I'm especially interested to hear from the rest of you about the places you're investing around the Northwest! Looking forward to meeting you. (if you work in downtown Seattle, I'd love to have lunch sometime.)

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  • Investor · Western Montana · Member since 2014 · 110 posts · 36 votes
    12y

    Hi Matt. Welcome to the site.

    Congrats on your remodel and renting it out, thats fantastic.

    How do you like working at Zillow? Do they have a regional office near here?

  • Dave VisayaPro Member
    Moderator
    Audio Engineer and Investor · Cebu City, Cebu · Member since 2013 · 7k+ posts · 881 votes
    12y

    Hey @Matt Bowers Welcome to BiggerPockets! It's great to have you. I hope you get a good deal with that upcoming property.

    If you like, you can check this quick guide to learn how to use BiggerPockets to grow your business: http://www.biggerpockets.com/biz

    See you around!

    BiggerPockets
  • Michele FischerPro Member
    Rental Property Investor · Seattle, WA · Member since 2013 · 2k+ posts · 1k+ votes
    12y

    Welcome to BiggerPockets Matt!  I invest a few hours south of you, in Longview.  I'd love to invest in Seattle at some point in the future, and agree that it is a tough market. More stringent landlord- tenant laws as well.   Working at Zillow, seem like great experience.

  • Investor · Snohomish, WA · Member since 2013 · 629 posts · 84 votes
    12y

    Welcome Matt! 

  • Investor · Seattle, WA · Member since 2014 · 12 posts · 3 votes
    12y

    @Cole Walker yep, headquarters is actually downtown on 2nd and Union! I love working here. Let me know if you find any bugs and I'll try to get them fixed.

    @Michele Fischer @Zach Schwarzmiller @Dave Visaya Thanks for the welcome! 

  • Brandon TurnerPro Member
    Investor · Maui, HI · Member since 2009 · 13k+ posts · 3k+ votes
    12y

    Glad to have you here @Matt Bowers ! 

  • Solo 401k Expert · Anaheim Hills, CA · Member since 2012 · 18k+ posts · 6k+ votes
    12y

    Welcome to BP community @Matt Bowers   It is a great place to meet new friends and learn about various aspects of real estate and more. Here are a few recommendations for you:

    Find and connect with other BP members that are in your area: http://www.biggerpockets.com/meet

    Set up keyword alerts to be notified of the topics that interest you: http://www.biggerpockets.com/alerts

    Read Beginner’s Guide: http://www.biggerpockets.com/real-estate-investing

    Check out BP Podcasts: http://www.biggerpockets.com/renewsblog/category/podcast/

    If you wish to tag someone in the conversation on the forum, type @ followed by their name and then select that person below. He or she will be notified of being tagged so that the conversation will continue.

    Wishing you the best! 

  • Real Estate Investor · Seattle, WA · Member since 2009 · 308 posts · 61 votes
    12y

    Hi Matt,

    I have done some independent consulting to Zillow as an investor.

    I also made a lot of $ shorting Z when it got to $135 the other week.

    I own  multi families in Ballard, Fremont, Capitol Hill.

  • Rental Property Investor · Yorba Linda, CA · Member since 2012 · 336 posts · 69 votes
    12y

    @Matt Bowers 

    Welcome fellow Bigger Pockets member! This is a great forum and I am sure it will help you learn many facets of the real estate investment world. I purchased my first investment property over 40 years ago and only wish that I had a resource like BP community when I got started! So you are in a good company.

    Some say that your net-worth equals your network, and this is the place to make right connections. You should also find investors locally and network with them face-to-face. Find people close to you using MEET feature, also look for investor meetings on Meetup.

    All the best!

  • Investor · Seattle, WA · Member since 2014 · 12 posts · 3 votes
    12y

    @Justin Case HA! Nice work. Thanks for saying hi.

    @Dmitriy Fomichenko Thanks for the links!

    @Edward Synicky Wise words, I think! I'll check out MEET.

  • Real Estate Investor · Kirkland, WA · Member since 2012 · 480 posts · 116 votes
    12y

    @Matt Bowers 

    Welcome to BP. Check out the "Learn" tab up top along the blue border. Lots of great info - how-to guides, podcasts, etc. See you around the forums.

  • Real Estate Investor · Cypress, CA · Member since 2013 · 877 posts · 94 votes
    12y

    @Matt Bowers welcome to BiggerPockets Matt

  • Investor · Western Montana · Member since 2014 · 110 posts · 36 votes
    12y

    @Matt Bowers Does Zillow have the value of santas house?

    I ask because its funny and a couple years ago a buddy of mine that worked at google had to make a santa house on google maps, Ill have to take a look later if its there year round or if it was a seasonal thing.

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