All Forum Posts by: Eric Deshaun

think about what this will do to small businesses in the area. Many of such I frequent and support whole heartidly.   Also I rent in the area and rental prices have skyrocketed literally overnight. Great for investors but unfortunate for those who will no longer be able to live in the area as they simply can't afford it. Gentrification is the best way to describe what's happening. Many of my friends aren't happy about this and I completely understand why they are not. 

as a resident of that area... it sucks. As a business  person, it has a vast amount of potential. If anyone wants to know more about the hilltop let me know. Otherwise I am looking forward to making my departure to broader horizons. 

thanks for the input so far guys! It never hurts to ask about seller financing, worse case scenario is they say no.

In doing some searching online I ran across a property that was listed on the market, went through inspection, and then was re-listed on the market. My immediate assumption was that if it went through inspection and the sale didn't go through, the house must have some issues. My hunch was right as confirmed by the agent whose listing I found. 

I asked the agent a few probing questions and I was given the list of issues found with the property and advised the offer would need to be in cash.

I tried to probe a little about the owner just to see how motivated they were to sell, but of course the agent couldn't really give me any information. 

I feel this is a situation is more in line with someone who is a veteran in creative financing ideas since the deal would have to be a cash offer. I would love to see if seller financing is a possibility but that can get kind of tricky with agent involvement. 

Any takers in mentoring me on this situation, if it doesn't work out for me perhaps it can work out for you. 

Property details:

Located in Central Tacoma, WA

Single Family home 

3 Bed, 1 bath - 1200 sqft

one of the area I will look to invest in the future, being a Louisiana native! Best of luck Emily I'm sure there's someone here that can give you great advice on the market and make your dream come true!

Sears has a ding and dent/obsolete center. Perhaps check out there 5401 6th Ave ste 515, Tacoma, WA 

raises hand 😊 I wholesale. Maybe have a deal soon. I can keep you posted :-)

hi Stephanie! Welcome to BP! My first suggestion is to make it to some BP or REI meetups for Tacoma to start building your network and maybe find a mentor to help you get started in the areas that interest you.

Feel free to tell us what aspects of REI interest you, flips, buy and hold, whole selling, etc.

welcome to Tacoma! Very interesting and progressive niche you are choosing! I hope to see you at some future meetings!

a good management company could make it worth it. I'm sure some PM's will chime in on that part. It honestly depends on her situation financially and long-term. Ask her honestly what she wants to do with the property or her plans long term and go from there.