I'm looking for a team for my Investment Properties in Seattle

Seattle, Washington
Classifieds
1yFollow

I'm looking for a team for my Investment Properties in Seattle

Muhammad Danish
Member since 2025 · 4 posts · 15 votes

Hey everyone, I'm Danish Mohamed. I am new to BiggerPockets, and I'm also new to real estate investing in the United States of America. I came to the United States from my old country, Vietnam, around four years ago, and I am blessed to have some extra funds to invest in the BRRRR strategy of real estate in the Seattle and its surrounding markets.

At first, I initially looked at the Cleveland market as well, but the anxiety built up in me because of the fact that I'm out of state, and obviously, Washington and Ohio are not really close. And especially for my first deal in the United States, it made me anxious.

(I would love to hear some professionals give me unbiased perspective between Seattle and Cleveland market)

So I decided, you know what, I will try to stick to the Seattle market where I am staying to see how it goes.

I would love to build a team or network with real estate professionals in the Seattle area, like a real estate agent who knows a lot about investment properties and the nuances of the Seattle market.

Even though I have done my homework for the past two years, I also want to connect with a property manager who specializes in Section 8 rentals because I'm planning to rent it out to Section 8 after I rehab the property.

Additionally, I would love to connect with some hard money lenders in the area or those who have a footprint in Seattle, Washington, that are investor and beginner-friendly.

Although this is my first time doing deals in the US, when I was in Vietnam, I did something quite similar to the BRRRR strategy, but in my home country. And that's also where I get the fund from, liquidating the one in Vietnam :)

Obviously, the market nuances are different, and everything is different, but I would say that I do have some indirect experience, and I just want to get my first deal done in the United States.

Most Importantly, I also want to connect with a general contractor who specializes in rehabbing.

So yeah, I would love to connect with people in those professions. Feel free to reach out to me directly instead of posting if you would love to network.

Thanks, all.

5Reply
59 views

Investor-friendly agents in Seattle, WA

See the agents BiggerPockets members work with in Seattle, WA.

Most Popular Reply

Remington LymanBusiness Member
Real Estate Agent · Columbus, OH · Member since 2017 · 6k+ posts · 7k+ votes
1y
Quote from @Muhammad Danish:

Hey everyone, I'm Danish Mohamed. I am new to BiggerPockets, and I'm also new to real estate investing in the United States of America. I came to the United States from my old country, Vietnam, around four years ago, and I am blessed to have some extra funds to invest in the BRRRR strategy of real estate in the Seattle and its surrounding markets.

At first, I initially looked at the Cleveland market as well, but the anxiety built up in me because of the fact that I'm out of state, and obviously, Washington and Ohio are not really close. And especially for my first deal in the United States, it made me anxious.

(I would love to hear some professionals give me unbiased perspective between Seattle and Cleveland market)

So I decided, you know what, I will try to stick to the Seattle market where I am staying to see how it goes.

I would love to build a team or network with real estate professionals in the Seattle area, like a real estate agent who knows a lot about investment properties and the nuances of the Seattle market.

Even though I have done my homework for the past two years, I also want to connect with a property manager who specializes in Section 8 rentals because I'm planning to rent it out to Section 8 after I rehab the property.

Additionally, I would love to connect with some hard money lenders in the area or those who have a footprint in Seattle, Washington, that are investor and beginner-friendly.

Although this is my first time doing deals in the US, when I was in Vietnam, I did something quite similar to the BRRRR strategy, but in my home country. And that's also where I get the fund from, liquidating the one in Vietnam :)

Obviously, the market nuances are different, and everything is different, but I would say that I do have some indirect experience, and I just want to get my first deal done in the United States.

Most Importantly, I also want to connect with a general contractor who specializes in rehabbing.

So yeah, I would love to connect with people in those professions. Feel free to reach out to me directly instead of posting if you would love to network.

Thanks, all.


I don't think you'll find many people who invest in both markets and can provide unbiased insights. They are quite different from each other. However, I would be happy to share my perspective on Ohio, even if it is biased.

[email protected]614-541-8475Podcast Guest on Show My Job Laid Me Off, So I Replaced My Salary with Rentals
Reafco512 Reviews
WebsiteView Page
2Reply
See this reply in the discussion

9 Replies

Jump to latestLatest
  • Ko KashiwagiPro Member
    Lender · Los Angeles, CA · Member since 2022 · 967 posts · 445 votes
    1y

    Hi Muhammad,

    It's a great idea to compare the markets and this is a million dollar question that I always hear from both sides. Even though you are doing the same "strategy" (BRRRR), the two markets are a complete different ball game. The type of properties, the cash required, type of projects and competition is not the same.

    There's people swearing they are right on both sides between in-state and out-of-state, but personally if you have the option to do in-state, it's the best way to get started. Easier to stay in touch with the project and less uncertainty. The truth is in both market, you can make it work if you know what you are doing.

    The ADU game is especially hot in Seattle right now so I'd look into that. Buy a house that's needs repair with a big lot, repair the house and build an ADU.

    I've also heard from multiple Cleveland investors that contractors are very hard to find right now because of how many out of state investors have moved into that market.

    310-848-9776
    0Reply
  • Nadeem Alamgir
    Real Estate Agent · Member since 2023 · 831 posts · 577 votes
    1y

    Hey Muhammad, since you're looking to do the BRRRR strategy, sticking to your local market makes a lot of sense and is a great way to get started.

    For networking, I’d recommend joining local Seattle real estate meetups, check out Meetup.com or Eventbrite for events where you can connect with other investors, agents, and lenders.

    For Section 8 you want to reach out to experienced property managers in your market, interview a few, and go with the one who best understands the inspection process and rental requirements.

    Best of luck on your first deal!

    1Reply
  • Brittany FrenchBusiness Member
    Bellevue, WA · Member since 2019 · 6 posts · 8 votes
    1y

    Hi Muhammad, 

    Myself and my team at Sagareus Property Management can assist with advising on investment location, unit configuration, leasing & Property Management. Note on Section 8 -- landlords are not allowed to discriminate against income source in Seattle, so every PM Firm is (or should be!) familiar with Section 8 protocol + procedures.  I've found with Seattle Housing Authority is relatively straightforward compared to other nearby cities. 

    [email protected]206-321-3620
    Sagareus Property Management
    WebsiteView Page
    0Reply
  • Marc RiceBusiness Member
    Real Estate Agent · Columbus Cleveland Dayton, OH · Member since 2018 · 2k+ posts · 1k+ votes
    1y
    Quote from @Muhammad Danish:

    Hey everyone, I'm Danish Mohamed. I am new to BiggerPockets, and I'm also new to real estate investing in the United States of America. I came to the United States from my old country, Vietnam, around four years ago, and I am blessed to have some extra funds to invest in the BRRRR strategy of real estate in the Seattle and its surrounding markets.

    At first, I initially looked at the Cleveland market as well, but the anxiety built up in me because of the fact that I'm out of state, and obviously, Washington and Ohio are not really close. And especially for my first deal in the United States, it made me anxious.

    (I would love to hear some professionals give me unbiased perspective between Seattle and Cleveland market)

    So I decided, you know what, I will try to stick to the Seattle market where I am staying to see how it goes.

    I would love to build a team or network with real estate professionals in the Seattle area, like a real estate agent who knows a lot about investment properties and the nuances of the Seattle market.

    Even though I have done my homework for the past two years, I also want to connect with a property manager who specializes in Section 8 rentals because I'm planning to rent it out to Section 8 after I rehab the property.

    Additionally, I would love to connect with some hard money lenders in the area or those who have a footprint in Seattle, Washington, that are investor and beginner-friendly.

    Although this is my first time doing deals in the US, when I was in Vietnam, I did something quite similar to the BRRRR strategy, but in my home country. And that's also where I get the fund from, liquidating the one in Vietnam :)

    Obviously, the market nuances are different, and everything is different, but I would say that I do have some indirect experience, and I just want to get my first deal done in the United States.

    Most Importantly, I also want to connect with a general contractor who specializes in rehabbing.

    So yeah, I would love to connect with people in those professions. Feel free to reach out to me directly instead of posting if you would love to network.

    Thanks, all.


     I would say you can have great results investing in your local market and should always aim to do a 1-4 unit house hack every year for a few years. That will yield great results and learning comfort.

    In regards to investing out of state, I find you'll have the least headaches if you're investing in B class or better neighborhoods, but the issue is those rarely cash flow after paying your property manager. Most clients buy in the B-/C+/C class areas and some have issues with tenant evictions and expensive turnovers which is part of that C class risk.

    Ultimately it depends on your goals and what market can best get you there. With a trusted investor friendly agent, they should be able to lead you to rockstar property managers, contractors, and lenders.

    [email protected]614-363-2787
    Marc Rice | Investor Friendly Agent at Reafco Tailwind Team574 Reviews
    WebsiteView Page
    2Reply
  • Remington LymanBusiness Member
    Real Estate Agent · Columbus, OH · Member since 2017 · 6k+ posts · 7k+ votes
    1y
    Quote from @Muhammad Danish:

    Hey everyone, I'm Danish Mohamed. I am new to BiggerPockets, and I'm also new to real estate investing in the United States of America. I came to the United States from my old country, Vietnam, around four years ago, and I am blessed to have some extra funds to invest in the BRRRR strategy of real estate in the Seattle and its surrounding markets.

    At first, I initially looked at the Cleveland market as well, but the anxiety built up in me because of the fact that I'm out of state, and obviously, Washington and Ohio are not really close. And especially for my first deal in the United States, it made me anxious.

    (I would love to hear some professionals give me unbiased perspective between Seattle and Cleveland market)

    So I decided, you know what, I will try to stick to the Seattle market where I am staying to see how it goes.

    I would love to build a team or network with real estate professionals in the Seattle area, like a real estate agent who knows a lot about investment properties and the nuances of the Seattle market.

    Even though I have done my homework for the past two years, I also want to connect with a property manager who specializes in Section 8 rentals because I'm planning to rent it out to Section 8 after I rehab the property.

    Additionally, I would love to connect with some hard money lenders in the area or those who have a footprint in Seattle, Washington, that are investor and beginner-friendly.

    Although this is my first time doing deals in the US, when I was in Vietnam, I did something quite similar to the BRRRR strategy, but in my home country. And that's also where I get the fund from, liquidating the one in Vietnam :)

    Obviously, the market nuances are different, and everything is different, but I would say that I do have some indirect experience, and I just want to get my first deal done in the United States.

    Most Importantly, I also want to connect with a general contractor who specializes in rehabbing.

    So yeah, I would love to connect with people in those professions. Feel free to reach out to me directly instead of posting if you would love to network.

    Thanks, all.


    I don't think you'll find many people who invest in both markets and can provide unbiased insights. They are quite different from each other. However, I would be happy to share my perspective on Ohio, even if it is biased.

    [email protected]614-541-8475Podcast Guest on Show My Job Laid Me Off, So I Replaced My Salary with Rentals
    Reafco512 Reviews
    WebsiteView Page
    2Reply
  • Mike Klarman
    Specialist · NJ · Member since 2022 · 1k+ posts · 661 votes
    1y

    The seattle market itself is pricey and competitive.  The median home price is like 750k.  The Seattle market has some of the lowest inventory in the US.  Just not much there ever goes up.  That tells me that a lot of it is held by off market players like wholesalers and agents.  Very competitive, very pricey.

    If you are listing for 750k when done, then the investor shell of this home will cost 400k - 500k.  A deal with an entry point of that amount will cost 100k - 150k in capital to see it through to the end.  

    I'm sure there are areas in Seattle where you can get in cheaper, but the fact that the market has one of the lowest inventory rates, tells me to get a deal here is hard, you need to know someone or make the right connections. Shells on the MLS, if they even exist are probably priced above what the investor formula says you need to be at.

    This is why you see ppl invest out of state.  Their home market is too high, too competitive, or an unproductive market.

    Why do people choose a market between Pittsburgh and Indianapolis?  

    Entry point is affordable for most beginners

    There's inventory

    Active sale/listing markets

    But what is the hardest part of this?  The contracting by far.  You can line up a great asset, get the best lending terms, but if your GC does not perform then project will be a nightmare.

    Contractors walk off the job and ghost you

    Contractors can never get things done in the time they say

    Contractors will skimp, cut-corners, and save money on the finishes: WHICH HURTS YOUR SALE NUMBER!!

    Contractors will always hit you with change orders

    Good contracting is EXPENSIVE for a reason and those guys are booked tighter than Tom Thumbs azz.

    This is my advice when it comes to contracting and I have dealt with many across multiple markets.  Pay for the quality.  If a GC comes in 10k - 20k lower than anyone else's estimate then don't take it!!!!!

    0Reply
  • Drew SygitBusiness Member
    Property Manager · Royal Oak, MI · Member since 2012 · 13k+ posts · 9k+ votes
    1y

    @Muhammad Danish why do you need a hard money lender?

    If you have 20% down, you can get a DSR loan - and there are versions available for renovations.

    Section 8 is designed for Class C rentals - are you sure you want to invest in that property class? 
    - The tenant pool will have credit scores under 600, spotty work histories and tons of excuses about why their rent is late.
    - S8 is NOT a cure-all! Yes, it solves part of the problem of rent payments, but many S8 tenants have to pay part of their rent in cash and they statistically cause more damages than cash-paying tenants.

    You won't make any money on your deal if you hire a general contractor (GC). They markup costs 20-40%. 

    The properties you should be targeting, as a newbie, shouldn't be in such bad condition that you need a GC. You'll need a good handyman and then hire your own electician, HVAC and plumber if needed.
    - Visit your local Home Depot 6am on a Saturday to find hard working handymen & contractors.

    [email protected]248-209-6824
    Logical Property Management4.9469 Reviews
    WebsiteView Page
    1Reply
  • Jimmy LieuBusiness Member
    Real Estate Agent · Columbus, OH · Member since 2019 · 3k+ posts · 2k+ votes
    1y
    Quote from @Muhammad Danish:

    Hey everyone, I'm Danish Mohamed. I am new to BiggerPockets, and I'm also new to real estate investing in the United States of America. I came to the United States from my old country, Vietnam, around four years ago, and I am blessed to have some extra funds to invest in the BRRRR strategy of real estate in the Seattle and its surrounding markets.

    At first, I initially looked at the Cleveland market as well, but the anxiety built up in me because of the fact that I'm out of state, and obviously, Washington and Ohio are not really close. And especially for my first deal in the United States, it made me anxious.

    (I would love to hear some professionals give me unbiased perspective between Seattle and Cleveland market)

    So I decided, you know what, I will try to stick to the Seattle market where I am staying to see how it goes.

    I would love to build a team or network with real estate professionals in the Seattle area, like a real estate agent who knows a lot about investment properties and the nuances of the Seattle market.

    Even though I have done my homework for the past two years, I also want to connect with a property manager who specializes in Section 8 rentals because I'm planning to rent it out to Section 8 after I rehab the property.

    Additionally, I would love to connect with some hard money lenders in the area or those who have a footprint in Seattle, Washington, that are investor and beginner-friendly.

    Although this is my first time doing deals in the US, when I was in Vietnam, I did something quite similar to the BRRRR strategy, but in my home country. And that's also where I get the fund from, liquidating the one in Vietnam :)

    Obviously, the market nuances are different, and everything is different, but I would say that I do have some indirect experience, and I just want to get my first deal done in the United States.

    Most Importantly, I also want to connect with a general contractor who specializes in rehabbing.

    So yeah, I would love to connect with people in those professions. Feel free to reach out to me directly instead of posting if you would love to network.

    Thanks, all.

    Hi Muhammad, I'm actually from Portland OR and have been to Seattle over a dozen times and moved to Columbus Ohio about 4-5 years ago to start my investing journey! There's tons of differences between the two markets. Seattle and anywhere in the west coast is wildly overpriced but Ohio is so much more affordable (i can only speak on Columbus as this is where I moved to). In Columbus Ohio, you can still find deals that hit the 1% rule anywhere from $120-180k purchase price. It's one of the hottest markets in the US right now with so much population growth, job growth, and companies moving/developing here (26B Intel headquarters being built here, 68K+ enrollment in Ohio State University, Amazon, FB, Google, Honda, Nationwide, Anduril, etc.). You can still find positive cash flow (aka the 1% rule) and amazing appreciation potential. Happy to connect and answer any questions you have.

    [email protected]614-300-7535
    Jimmy Lieu, Red 1 Realty4.9122 Reviews
    WebsiteView Page
    0Reply
  • James Wise
    Real Estate Broker · Cleveland Dayton Cincinnati Toledo Columbus & Akron, OH · Member since 2013 · 31k+ posts · 20k+ votes
    1y
    Quote from @Muhammad Danish:

    Hey everyone, I'm Danish Mohamed. I am new to BiggerPockets, and I'm also new to real estate investing in the United States of America. I came to the United States from my old country, Vietnam, around four years ago, and I am blessed to have some extra funds to invest in the BRRRR strategy of real estate in the Seattle and its surrounding markets.

    At first, I initially looked at the Cleveland market as well, but the anxiety built up in me because of the fact that I'm out of state, and obviously, Washington and Ohio are not really close. And especially for my first deal in the United States, it made me anxious.

    (I would love to hear some professionals give me unbiased perspective between Seattle and Cleveland market)

    So I decided, you know what, I will try to stick to the Seattle market where I am staying to see how it goes.

    I would love to build a team or network with real estate professionals in the Seattle area, like a real estate agent who knows a lot about investment properties and the nuances of the Seattle market.

    Even though I have done my homework for the past two years, I also want to connect with a property manager who specializes in Section 8 rentals because I'm planning to rent it out to Section 8 after I rehab the property.

    Additionally, I would love to connect with some hard money lenders in the area or those who have a footprint in Seattle, Washington, that are investor and beginner-friendly.

    Although this is my first time doing deals in the US, when I was in Vietnam, I did something quite similar to the BRRRR strategy, but in my home country. And that's also where I get the fund from, liquidating the one in Vietnam :)

    Obviously, the market nuances are different, and everything is different, but I would say that I do have some indirect experience, and I just want to get my first deal done in the United States.

    Most Importantly, I also want to connect with a general contractor who specializes in rehabbing.

    So yeah, I would love to connect with people in those professions. Feel free to reach out to me directly instead of posting if you would love to network.

    Thanks, all.

     There ain't no such thing as unbiased feedback on BP bro.

    1Reply
Join the conversationCreate a free account to reply, vote on answers and follow this thread.
Log InJoin for Free