New Member Intro – wannabe Multi-Family Buy-and-Holder in Spokane

[Rebecca C.]

Hello BP Community! This is the first social media forum I have ever posted on (I know, rare in these days and age – and I can’t even claim age or remote location as an excuse), but I have come to appreciate this community after following it for a little while and decided to give it a go.

Currently I am what one may call a “pre-investor,” meaning that I have my business plan and criteria for a property largely in place, have cash set aside, and am in the process of solidifying the business structure and identifying deals.

My spouse and I have identified that we are going to be buy-and-hold investors for multi-family properties in the Spokane area. Slight hiccup is we live in Silicon Valley, so of course we will have to learn how to invest long-distance. We chose the Spokane area for several reasons: we will be relocating to the area post- early retirement to be closer to where I grew up thus it is an area where we could eventually have more of a hands-on approach; rental occupancy is good and multi-families are generally within our price range; Spoke is a hub for the surrounding communities and will continue to be so; and I don’t think I need to really mention why we are not looking for properties in the San Francisco Bay area.

I look forward to being part of the Bigger Pockets community, learning to be a better investor, and getting to know others here!