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Updated over 5 years ago on . Most recent reply

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Sun Kim
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Hello from Seattle -- Looking to get started!

Sun Kim
Posted

Hello! I am from the greater Seattle area looking to get started with REI.

I am in my early 30s and recently married. I have never bought a property before, but have been saving money to buy one. I have saved about $100k, and I almost pulled a trigger on a 650k single family home in Seattle area which would have had negative cash flow. 

After some digging, I found this website and have been reading books and watching podcasts. I have been playing with the idea of investing out of the state but I might do just a bit more research until I feel more comfortable.

I would love to meet other members in person and hopefully find a good mentor.

Thanks in advance and I look forward to being a part of the community!


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Michael Haas
#1 Real Estate Deal Analysis & Advice Contributor
  • Real Estate Agent
  • 🌧️ Seattle Investor & OG HouseHacker | 🤑 Helped 90 Clients HouseHack | 🏘️ Own 17 Rentals & 5 Airbnbs | 🏗️ Built 5 DADU's
2,605
Votes |
706
Posts
Michael Haas
#1 Real Estate Deal Analysis & Advice Contributor
  • Real Estate Agent
  • 🌧️ Seattle Investor & OG HouseHacker | 🤑 Helped 90 Clients HouseHack | 🏘️ Own 17 Rentals & 5 Airbnbs | 🏗️ Built 5 DADU's
Replied

Never count on solely appreciation @Sun Kim - and friends don't let friends buy with negative cash flow! Your first deal's cash flow is the engine that powers you to your second property and beyond. 

If you've never bought a property before an owner occupied house hack or multifamily is probably the way to go. That's the way we started, and it made it very easy to snowball into the 5 properties we own now. Happy to grab coffee with you sometime and chat more, feel free to send me a message!

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HouseHack Seattle
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