All Forum Posts by: Jiri Vetyska

Hi Ana, 

If you are just starting out and don't have whole lot of capital, Seattle city might not be best option as Alex mentioned. With the cap rates around 3%, you'd probably need around 50% down payment. 

However if you look around, there are still somewhat reasonable deals out there that will cash flow with 20% down. 

Also probably SFR might make more sense, as there are few multi family choices and all highly overpriced, yes investors will pay even over asking price.

So good luck!

If you plan to show the property during tenancy, I suggest you put that language in the lease so that you can count on it. Also know that it makes sense for better properties, where you'll have good tenants. I wouldn't even consider for cheaper apartments, that would not be professional and would lower your tenant quality and price. 

One good idea is to do a pre-inspection when you get the move out notice. That way you can also get an idea of the condition of the property and whether to even try to show it.

Great job John, way to go! 

Shalanna, first of all, renting out your house and in turn renting another house for yourself makes no sense.

One thing you can do, if you don't have much for a downpayment, is to perhaps buy something smaller, like a condo or townhome and live there. This will also lower your monthly expenses which is beneficial to grow your business. And you'll be earning cash-flow from your first rental. 

You'll be on your way in no time!

Welcome Ashley!

I also live in Renton and mostly invest there. 

Welcome Taun! 

I'm investing in the Renton area and enjoy it. Great site to learn and make deals. 

Hi Sonia,

Well, you can invest anywhere, but if you chose to manage your own properties, it's best when it's near by. 

Downtown Seattle up to green lake are very popular areas, but unless you want to compete with 10-20 cash offers way over asking price, and accept 3% or less cash flow, south of Seattle is a great area to invest and see both great appreciation and cash flow. 

Pick a good area with good schools and nice neighborhood and you'll do great!

Hi @Yohannes Kifle,

I am investor in the Renton area and it's certainly great area to buy rentals. The market is great. The one thing you mentioned about the population growth is that Renton has annexed a lot of communities lately and will also in the near future. 

Good luck.

Hang in there Justin! It's a big transition, and you've had your share of surprises. But little bit of hard work now will pay off big time in a short time!

 Every month on the eastside!