All Forum Posts by: Julien Jeannot

@Saurabh Patel

I concur, the competition is stiff be prepared to compete with experienced developers and with deep pockets.

The supplies of great lots is low and be prepared premium prices in the locations identified.

I suspect competition will increase once the cities act on the new Middle Market Legislation imposted by the state to increase density.

@Willie Creear III

What has worked for me so far is to find mis managed properties and do the following:

- Light cosmetic rehab

- Landscaping clean up

- Increase rents

@Willie Creear III

Welcome!

Always great to have run into a local likeminded investor.

Welcome @Ryan K.

I'm an active investor and agent in the Seattle market. I started my journey with house hacking and went full time Real Estate Investor. Definitely my favorite strategy and I have a lot of fun helping my client do the same.

@Daniel Dylan

Sounds like the strategy I used to exit the corporate Finance world. Equity build first, cash flow followed shortly after, and when I'm ready to retire, I'll reposition the assets into cash flow.

What I find helpful is playing out the math over 5 to 10 years with conservative YOY appreciation & rent growth. If anyone can find a financial model where the cash flow play alone gets you to financial freedom, send it my way.

I've stopped looking for the "best" and go for base hits all day long.

@Daniel Dylan

That all depends on your long term goals. What are you looking to accomplish?

1. Cash flow, equity build or hybrid

2. Tax considerations

3. Active vs passive investing

4. Build a massive portfolio or keep it small

@Burt L.

Here is our process:

1. Set up a open house window so we don't waste our time with no shows and spend too much on the phone.

2. Send prospective tenant criteria list so candidates can self select out.

3. Host the open house and have the interested candidates apply.

@Tom Server

Depends on your goals, strategy and market

For example:

When I look back at the early days of my portfolio, my cash flow averaged $129/mo without property management including all of the CAPEX estimates. Heavy down payments.

7years later with YOY rent increases, we are cash flowing $750/unit. 

@Christian Petre

Welcome!

Sounds like you are on the right track. Start calling lenders to figure out what is possible.

You could also find an experienced agent in your area that understands househacking. They will be able to walk your through any challenges and connect you to lenders that understand your needs.

@Ana Vhan

Not sure if my attorney does fix fee for your situation, but she has been amazing.

Kaitlyn​​​​ R. Jackson

Attorney at Law

P: 206-628-2766

www.williamskastner.com