All Forum Posts by: Brandon Vukelich

@Walter Olmstead...what Charles mentioned above was good feedback.  You sound a little far out from being to take down deals on your own.  Dollars isn't the biggest hurdle really.  A good deal will attract money aka investors.  I'd suggest finding an opportunity and/or money partner to bring in the credit and funds you lack.  You could contribute for a small slice of equity to help oversee the property, manage ops, landscape, whatever skillset and time you could offer.  Best wishes on your real estate journey!

@Will Podrasky  Did you try clicking the "Find an Agent" link at the top of the BP site here?  Generally a search should produce 3-4 names and you could expect that most agents on BP are the investor-friendly types you're hoping to meet.  Best wishes on your search!

I only watch Sno, King, Pierce, Kitsap & Thurston counties so I can't speak to then entire state of WA but Moses Lake is up and coming with better numbers. My brokerage business partner owns 100+ units out there.  If you're asking about any markets, I know many that are flocking to better cash flow in midwest markets like Indy, Cinci, Columbus & Kansas City.

@Terima Nagatani you are correct that there are better opportunities to find something in Tacoma with space to add a DADU. I'd stay out of Federal Way. You could find an "ok" smaller duplex in Renton around $600k. There are some older triplexes around the area (not Seattle) that come up $700-800k. It's true, cash flow stinks in the Puget Sound region. Even so, demand is strong and supply continues to be super light. Still a great market for house hacking but non-owner-occ investors (like me) will still struggle to find deals that pencil with traditional 25% down at current rates. Fortunately, rates are rarely stagnant, eventually they will come down but who knows when and by how much. But it sounds like WA isn't the market for you if you're focus is cash flow and not concerned about appreciation.  Best wishes on your real estate journey!

The Rental Housings Assoc of WA (RHAWA) is fantastic for PMs and self-managing investors.  I highly recommend joining and attending their legal webinars.  Recently found out on one where an attorney mentioned that Federal Way is now as challenging (if not more) than Seattle.  Many cities throughout western WA are adding new ordinances. It's a nearly a full time job to stay on top of all of the proposed legislation and changes.  You didn't mention an exact area but your post has a Tacoma location.  Have you come across this: www.tacoma4all.org?  Best wishes on your investing journey!

Here's a few tips to connect with other agents:

- Search for agents in Raleigh here on BP. I'm sure there are at least a few with experience you're looking for.

- Join a Raleigh or NC agent Facebook group, I'd be surprised if there wasn't one or at least follow Lab Coat Agents on FB.

- If you are member of NAR, attend your local Realtor association meetups.

- Attend a local REIA meetup. There are usually agents, investors, developers, etc. there.

- Attend educational classes held by your local title/escrow partners. Always nearly 100% agents in attendance.

Hope that helps a bit.  Best wishes in your career!

Yes, like David mentioned.  If you use Zillow, click on the BUY (upper left) then the under the drop down menu HOME TYPE, select Multi-family.  Not sure which market you're interested in but if WA state, you can use my site as well, multifamilymomentum(dot)com.  Best wishes on your search!

Definitely pros and cons but personally, I don't want to own rentals within an HOA. I don't want the additional expense of HOA dues (even if they cover something like landscaping, water, trash). Like both of the Justins mentioned above, it can be another thing to potentially complicate the management of YOUR property. Also, keep in mind that you can still be hit with special assessments and a poorly funded/managed HOA. You haven't mentioned anything about the numbers on either so I'm assuming price, NOI, etc are close to apple-to-apples comparison. If the returns are double for the HOA property, it may be worth consideration. Best wishes on your decision!

Thanks for posting.  Looks like a good lineup!  Would love to return for this event but will be out of town for spring break. 

Welcome @Bradley Tovar!  I have lived in Oxnard, the SF Valley and Marina del Rey.  To be honest, I preferred Ventura Co. :)  I'm sure you'll do just fine in the West LA market.  Focus on having daily conversations about real estate with people.  Best wishes on your career!