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Updated over 10 years ago on . Most recent reply

User Stats

6
Posts
3
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Robert Martin
  • Real Estate Investor
  • Norfolk, VA
3
Votes |
6
Posts

New member headed to Washington

Robert Martin
  • Real Estate Investor
  • Norfolk, VA
Posted

Greetings BP!!!

I have been silently exploring the podcasts and forums. I search for random questions and always find several solutions. I am in awe of the wealth of information that BP has to offer. I know I'm in the right place and time to step out of the shadows. I now spend more time on BP than I do on Twitter...or Instagram...and Facebook....Snapchat... (You get the idea)

My name is Robert. I am an active duty military member. Thanks to Uncle Sam, I have rental property in Houston, TX and Norfolk, VA. I have just received orders to Everett, WA. (Look out Everett) I expect to be in Washington in late June.

My current "plan" has been to buy a house, live in it during my tour, (usually 18 to 24 months) and rent it out once I leave. And repeat. I'm open to suggestions on a better way forward. 

I am looking to expand my portfolio, build relationships and catapult my family into financial freedom. 

Any and all advice will be greatly appreciated. 

Most Popular Reply

User Stats

210
Posts
138
Votes
Karyn T.
  • Investor
  • Bellingham, WA
138
Votes |
210
Posts
Karyn T.
  • Investor
  • Bellingham, WA
Replied

With all due respect @Chris Newman

"The Everett historic district runs from around 8th Street to 25th Street, north to south and from Broadway to Grand Avenue, east to west. The district contains many old stately homes including the home of the former U.S. Senator Henry M. Jackson on Grand Avenue."

My house is ON Grand Ave, in the historic district, between 8th and 25th St. I'm am restricted by "historic district" rules.  My house IS one of the bluff homes.  I KNOW where historic North Everett is (I think we may be disagreeing on semantics at this point.  If so, I defer.)  My home has been owned by 4 doctors and a lawyer, since being built in 1924.  Fairly ironic, lol.  The neighborhood is called, by the neighborhood association I'm in, and flanking the northern end toward the golf course, the Northwest Neighborhood and Historic North Everett.  I don't know what else to tell ya. 

You're little arrow needs to be ABOVE Rt2.  :)

Old houses and "historic" houses are NOT one and the same.  Other than that, your assessment is dead on.  I agree, Seattle is booming and it's just a matter of time before the spillover comes just a little further North.  The City of Everett is doing a great job of anticipating this growth and is trying to build / zone in anticipation.  They are trying to keep downtown Everett and surrounding neighborhoods walkable.  It is my earnest hope that any investors in this area will buy with this in mind and help keep their homes up, and tenants excellent.  We ALL benefit from a higher grade tenant. :)

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