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Updated over 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

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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