New Investor to Bigger Pockets

[Aaron Gowin]

Hello Everyone,

My name is Aaron. I live in Kent, Washington. My wife and I are getting serious about getting in to real estate investing. I am addicted to the podcasts and have started reading/educating myself with any spare time I can manage.

My wife and I are currently rehabbing our primary residence to sell it and gain some capital to make a good run at this. We currently have a small rental that does not cash flow that we will be moving in to it after we sell our home. We then are planning on looking for either single or low multi family homes to invest in and hold. We may even move in to a multi family to get started and then move on from there. We have already started looking in South King County. Our plan is to be flexible and ready to pounce when we find something.

My wife is an HR Manager who also holds a real estate license and has done some agency work. I work in the Maritime Industry along with being a Coast Guard Reservist. 

Thanks to everyone who participates in the podcasts and forums. They all have been great educational tools.

[Steve Wynne]

for me it made the most sense to start with cash flowing multi-family since my wife and I both work full time and run a salon in Lakewood.  Essentially, we do not have the time (or the connections) for doing a flip.  Buying multi-family means that 1 vacancy is never 100% loss in rents which for me was a much safer bet.

My advice would be to use cozy.co and postlets.com to make life easy as a landlord.  Buying nice properties makes filling them quick and quality tenants become easier to find.  Aside from that I would say to be sure you run your own numbers and don't rely on theirs.