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Updated almost 10 years ago on . Most recent reply

User Stats

9
Posts
1
Votes
Bill Renner
  • Spanaway, WA
1
Votes |
9
Posts

New member from Spanaway Wa

Bill Renner
  • Spanaway, WA
Posted

Hello all,

I'm retired US Air Force and working general aviation at Olympia airport.  Currently interested in buy and hold but want to learn about other disciplines.  

Bill

  • Bill Renner
  • Most Popular Reply

    User Stats

    500
    Posts
    243
    Votes
    Alex Chin
    • Seattle, WA
    243
    Votes |
    500
    Posts
    Alex Chin
    • Seattle, WA
    Replied

    @Bill Renner - hello and welcome to the BP Community! Especially in the South Sound region, there are a number of folks whom you could look to connect with to find out a little bit more about their business.

    If you're interested in buy-hold investing, I would recommend picking an area and getting familiar with the market. Select a city, and use Craigslist, Rents.com, padmapper, etc. to become familiar with what sort of a unit rents for what in that area. Become handy at estimating monthly expenses including property management, maintenance, taxes/insurance, and CapEx reserves and you will quickly be able to sift through a large number of potential deals to find the few worth putting in an offer on.

    In order to connect to locals, I would recommend touching base with @Kevin C. as he hosts a monthly, informal BP Meet-Up in Lakewood. Have a drink, have a bite, and have a good time making connections.

    Cheers!

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