Newbie land investor in Skykomish, WA

Newbie land investor in Skykomish, WA

Member since 2019 · 3 posts · 0 votes

Hello BP! First off, can't tell you all how much I appreciate the collective knowledge here. It was through listening to BP podcasts and digging through these forums that I was able to purchase my first properties.

Anyways, my name is Dustin and I recently purchased 3 different properties in the Skykomish, WA area. I am struggling to figure out the best path towards achieving my ultimate goal of living mortgage free in Skykomish for half the year chasing snow and the other half travel to places with low cost of living like Southeast Asia. I would love it if I could build these properties into an income stream that could help finance this dream life.

Two of the properties are vacant lots that need improvements (namely clearing and driveways) to be usable for a rental situation. The last property has an old abandoned cabin that is in pretty poor shape (though potentially structurally fine, TBD).

I'm not entirely sure where to start for an introduction, and that is a reflection of the fact that I'm a little overwhelmed by options at this point. For now my priority has been cleaning up the old cabin so that I can get someone qualified in there to assess the structural integrity.

Would love the opportunity to share more about my situation, and to learn more from others who have been down this road before.

-Dustin

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  • Ned CareyPro Member
    Moderator
    Investor · Baltimore, MD · Member since 2008 · 17k+ posts · 13k+ votes
    6y

    @Dustin Berman welcome to BP. You have some ambitious goals. We're here to help you achieve them. 

  • WA · Member since 2019 · 5 posts · 1 vote
    6y

    Welcome!  I've had quite a few friends lease cabins in Skykomish for the winter.

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