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Seattle Area Investor

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  • Posts 33
  • Votes 47

Craig T.
Rental Property Investor from Seattle, WA

posted over 3 years ago

Hey BP! I'm a new investor in the Seattle area. I have a W-2 job and just purchased a duplex in Seattle that I'm house hacking in. I'd like to chat and learn from local investors.

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Check Rosette Top Subjects:
Team, Traditional Financing, and Real Estate Finance
  • Posts 3.1K
  • Votes 3.7K

Natalie Kolodij (Moderator) -
Accountant from Charlotte, NC

replied over 3 years ago

Hi Craig! Welcome to BP. 


That's awesome I loveee the house hack strategy especially in this market!

Shoot me a DM if you have any questions or if there's any thing I can help with. 

Natalie

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Check Rosette Top Subjects:
Team, Residential, and Rentals
  • Posts 7.0K
  • Votes 3.2K

Andrew Syrios (Moderator) -
Residential Real Estate Investor from Kansas City, MO

replied over 3 years ago

Welcome to BiggerPockets Craig and best of luck investing!

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  • Posts 311
  • Votes 269

Tyler Mullen
Investor from Kirkland, WA

replied over 3 years ago

Welcome to BP & congrats on your investment!

What ultimately helped you decide to take the plunge and purchase an REI property?

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  • Posts 6
  • Votes 2

CJ Johnston
from Seattle, Washington

replied over 3 years ago

Welcome! Would love to hear more about your deal. I'm looking to do something like this in Seattle, as well.

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  • Posts 6
  • Votes 2

Julie Santosuosso
from Seattle, WA

replied over 3 years ago

How did you estimate the repairs needed? I feel very rushed to waive contingencies and put in an order quickly in the Seattle market. 

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  • Posts 33
  • Votes 47

Craig T.
Rental Property Investor from Seattle, WA

replied over 3 years ago
Originally posted by @Julie Santosuosso :

How did you estimate the repairs needed? I feel very rushed to waive contingencies and put in an order quickly in the Seattle market. 

My realtor gave me a general idea and my wife's dad was a contractor, so we had a general idea. We conservatively estimated since it's always more than the original estimate. Are you buying off the MLS?

When we were buying to live in the place before becoming an "investor" we were waiving the contingencies to compete with the all cash offers in the Seattle area.

Bigger Pockets also has a book called Estimating Rehab Costs.

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