All Forum Posts by: Ben Meisel

Is it possible this building is insulated differently than the other?  Maybe, in order to get warm water to the sink or shower, the tenants in this building have to run water longer (than the other building)?  Is there a circulating pump in the other units?

Welcome to BP, and to the Eastside!  Issaquah is great, you could also look 10 minutes east and find a wonderful community at Snoqualmie Ridge.  We have some rentals out there, and lived there for 13 years.  Best of luck!

Well, Bigger Pockets is a good place to start. Listen to a bunch of podcasts. If you do want to try to stay semi-local, you could look for a multi-unit that allows you to buy/live in one of the units with a low FHA down payment.

If that doesn't work, because it is still too expensive in your area, you could look into turnkey companies in other states where returns tend to be much more attractive.  Check out @Jay Hinrichs site for turnkey company reviews:  http://turnkey-reviews.com/   - This is one (of many) ideas in getting you started.

Hi, could you also send me additional info?  Thanks!  

 Wow - that's crazy money.  

$3150 for a 3600sf 4 bed/3.5 bath SFH.

Best of luck mate!  Welcome to BP!

Well, you could search for listings with the word "motivated" in the description.  However, that may not get you exactly what you want.  Another thought is to look for listings that have been on the market a long time and/or have dropped consistently in asking price.  That can suggest some level of motivation.  Most sellers are motivated, but their specific motivations may be different.  Talk to listing agents and see what kind of offer would be most appealing to the owner (ie, quick close, lease back, seller financing, etc)... 

Looks nice, congrats!

I think the key is figuring out what works for you as an investor and going from there.  I believe there will always be investors out there who will get better returns than me.  If I believed that I shouldn't invest in anything until I can get those returns, then I probably wouldn't ever end up investing!  Some returns are a result of other successful investments, so you can't compare investor A and investor B and assume all is equal.  

I would focus on what types of return you need to achieve your goals.  Then, as experience and opportunities arise, you can work on improving those returns (and modifying your goals).

Don't let perfection get in the way of progress!