New RE investor in the Seattle area

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New RE investor in the Seattle area

Dexter Dauz
Member since 2021 · 5 posts · 3 votes

Hi folks! I'm new to the community and new to RE investing. My goal is to do buy and hold with the intention of doing short term rentals to generate cash flow. Currently looking at the Tacoma area which seems more affordable. Looking to connect with investor friendly folks and pros for any tips or advice. Looking forward to chatting more with you.

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Michael HaasBusiness Member
Real Estate Agent · Redmond, 🌧️ Seattle Investor-Agent | 🤑 Helped 400+ Clients Invest in Real Estate | 🏘️ Owns 23 WA Rentals & Airbnbs | 🏗️ Built 5 DADU's | 📈 You Can Do It Too · Member since 2016 · 724 posts · 3k+ votes
5y

Welcome @Dexter Dauz to Bigger Pockets! Short Term Rentals are definitely one of the better ways to invest in our market, although the city rentals (in Seattle and Tacoma) still haven't 100% recovered from COVID and slowed travel. BRRRRing, Househacks, and Flips also work really well around here, although they're also not nearly as fun as STR's :).

Looking forward to connecting, cheers,

[email protected]408-439-7873
HouseHack Seattle | Michael Haas & Team572 Reviews
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  • Brandon VukelichBusiness Member
    Real Estate Broker · Tacoma, WA: 🏢 27 LTRs 🏡 3 STRs · Member since 2018 · 546 posts · 456 votes
    5y

    Welcome! The market is nuts but don't let it deter you. Low inventory, anxious buyers, etc can frustrate the process. Happy to connect and chat REI. Best wishes in your investing journey!

    Broker at Multifamily Properties519 Reviews
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  • Dexter Dauz
    OP
    Member since 2021 · 5 posts · 3 votes
    5y

    Thanks Brandon! I'm definitely not seeing a ton of available properties pretty much everywhere I've looked in Zillow. Could this is due to the pandemic and people are scared to sell or if it's because of the low interest rates and there are more eager buyers snapping up the inventory? My goal is to be able to purchase my first investment property in the next 30-60 days. But of course the numbers have to show cash flow otherwise I can be happy to just continue looking. I'm also looking at out of state like in Orlando area near Disney as long as I can get that positive cash flow and sticking with SFRs. Anyway, would love to connect. 

    0Reply
  • Michael HaasBusiness Member
    Real Estate Agent · Redmond, 🌧️ Seattle Investor-Agent | 🤑 Helped 400+ Clients Invest in Real Estate | 🏘️ Owns 23 WA Rentals & Airbnbs | 🏗️ Built 5 DADU's | 📈 You Can Do It Too · Member since 2016 · 724 posts · 3k+ votes
    5y

    Welcome @Dexter Dauz to Bigger Pockets! Short Term Rentals are definitely one of the better ways to invest in our market, although the city rentals (in Seattle and Tacoma) still haven't 100% recovered from COVID and slowed travel. BRRRRing, Househacks, and Flips also work really well around here, although they're also not nearly as fun as STR's :).

    Looking forward to connecting, cheers,

    [email protected]408-439-7873
    HouseHack Seattle | Michael Haas & Team572 Reviews
    WebsiteView Page
    8Reply
  • Sherief Elbassuoni
    Realtor · Bellevue, WA · Member since 2019 · 882 posts · 1k+ votes
    5y

    @Dexter Dauz, welcome to BP. We have a great community in here.

    You are right, Tacoma is more affordable than Seattle, but we still see multiple offers and above purchase price.

    After Covid, things should go back to normal and the Tacoma market is a pretty STR market.

    0Reply
  • Dmitriy Fomichenko
    Solo 401k Expert · Anaheim Hills, CA · Member since 2012 · 18k+ posts · 6k+ votes
    5y
    Originally posted by @Dexter Dauz:

    Hi folks! I'm new to the community and new to RE investing. My goal is to do buy and hold with the intention of doing short term rentals to generate cash flow. Currently looking at the Tacoma area which seems more affordable. Looking to connect with investor friendly folks and pros for any tips or advice. Looking forward to chatting more with you.


    Dexter, awesome that you joined!
    0Reply
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