All Forum Posts by: Aaron Zike

Residential electrical too, if anyone has someone they know well. :)

Hello all!

I’m looking for reliable roofing and siding work in the Tacoma WA area. Anyone have anyone they trust?

So, a couple things here.

The comment "you're getting closer" would send me straight into another agent's arms.  It is more likely that (like others have said) she isn't willing to hammer down specifics with you because that really isn't the agent's job.  She finds the properties, you run the numbers, you buy the property.  I don't think she wants to risk giving advice based on hypothetical because one bad tenet completely destroys any number crunching you did before the sale.  

What I ask my agent when looking at potential properties that may cash flow are more like, "can you reach out to this listing agent and get rent rolls and operating expenses for the last year? I see "deferred maintenance" is listed in the ad, can you ask the listing agent exactly what that is?" What I *don't* ask her is how much she thinks the maintenance would cost, or anticipated operating expenses over the next year.

Beyond that, paralysis by analysis is a very real thing. We bought a SFH rental that should be a little over $400/monthly in CF... if the inherited tenets pay rent. Numbers can't always account for human error. They can help you anticipate these so you have reserves (which we do) but on paper this property was a home run. In reality, it isn't. Sometimes you take a leap of faith that works and sometimes it works on a different level.

I hope you find exactly what you're looking for! 

I think you'd have to make a trip down to the city permitting/zoning office in person.  I feel like the answers you're looking for vary so much from one municipality to the next any advice given from knowledge gained from elsewhere may not be relevant to your situation.

Order your beds from Casper, Necter, Tuft and Needle, Purple or one of those other high quality but affordable foam bed websites.  They deliver super quickly and on time.  And order the frame that goes with the specific bed you're ordering too.  It'll all arrive in easy to unpack boxes with minimal packaging, are so easy to put together (literally like unfolding two things and snapping a couple other things together), and are incredibly comfortable.  We got a Casper for our daughter as her first real bed and had a great experience with that.

I'm also a fan of OfferUp, depending on the item you may get someone who's willing to deliver the item for a small fee.  You may be better buying high quality used items in good condition vs. low quality brand new items.  

Honestly hadn't considered a fixer for some other reasons but we will look into the Ainsworth spot.  Thanks for the tip!

Thanks Tim! I'll look into that first.

My wife and I found a SFH in Tacoma that is big enough that we could easily and safely hack it four ways while also living in it. Intent is to live in the largest area of the house, rent an already existing basement apartment on short term rental, add a bathroom and kitchenette to two finished rooms in the garage and create a second short term rental, and then put a yurt in the back yard with sole access to another bathroom that'd be installed in the garage as another STR. This, even at conservative occupancy rates, would generate quite a bit of CF. The issue is the City of Tacoma.

The way the house is currently zoned, it isn't eligable for the detached ADU modifications in the garage. They state that the yurt in the backyard counts as an ADU as well. And I don't even know if the city knows about the already-existing ADU in the basement. Beyond that, I read in the statutes that any SFH can only have one permitted ADU, and we are looking at running three. We aren't under contract for this home, merely been watching it on the market for about a month now. Does anyone on here house hack in Tacoma? Any of you have experience with the permitting office in Tacoma? How can I verify that the existing ADU is permitted without showing my hand? Has anybody run the risk of running multiple STRs from a SFH and what sort of repercussions did you see?

The pending City's DADU regulations are here:

http://cms.cityoftacoma.org/planning/DADU/ADU_PublicHearingPacket%20(PC%2010-3-18).pdf  any input from you guys would be great.  Thanks.

Hi All, my wife and I are out of state investors who already have two SFH doors working for us in other states. Looking to get into the multi-family space, ideally 10-16 units, and the Atlanta area is a market we are considering. Our SFH acquisitions were purchased through Roofstock, which helped in finding the deals and connecting the dots for us until we closed. Now we want to buy a small apartment building and need someone local to help us bridge that gap between finding the deal and closing the deal. Any input or advice you could give would be greatly apprecieated! Thanks in advance.

Look into New American Funding, they can likely beat that rate