All Forum Posts by: Kade Drake

Hello Ian

Here in Clark County, WA. Currently house hacking and is looking to join a BP or real estate investor groups near by. 

Kade, what I found seems like a page, not an actual Facebook “group”. Am I missing something?

thanks

Hello,

I live in California (Bay Area), but will be moving to the Vancouver, WA area around the end of the year.

I've been interested in dabbling in real estate STR/MTR/LTR and have been researching options for the past year or so.

I'm curious if anyone here has experience in Clark or Cowlitz county, Washington state. Part of my research has been trying to read and decipher zoning laws in both counties, but it's quite a complicated task.

The majority of my capital is tied up in my existing primary home and I have no other real estate, so I'm quite hesitant to sell when I move, as I won't be able to afford to buy a primary home with current interest rates, given the market prices I see in the area. (current home mortgage is 2.875%)

My tentative plan is to rent a small apartment in the meantime, until interest rates come back down, but I realize that could be years, so it's frustrating to think about.

Ideally, I want to buy land and build a new home, ADU to rent, and have additional space for glamping, if the county allows it. (but I'm not confident this is allowed on non-commercial zoning).

At a minimum, I'll stick to buying land or a house outside of any city limits, and without an HOA (or restrictive CC&R) to make zoning/laws a little easier to manage (in theory).

Thanks for any/all advice.

Hey Kade! Welcome to BiggerPockets and thanks for joining!

Here are some tips for networking and making the most of your account.

1) I'd fill out your profile fully before you do anything else! As that will at least help folks that you reach out to know that you are a real person, with a picture and professional bio. Particularly be sure to include your goals for real estate investing so that folks can help you.

2) Go to the Search bar, and look for some local members in your area! Reach out to a few of the folks, perhaps those with hundreds or thousands of posts in this forum, and connect. You can do that here.

3) Check out some of the local meetups that you can find in this forum! There are so many so be sure to filter by your location.

4) Review this comprehensive 64 page deck on the state of the 2023 housing market (in your resource page as a member of BiggerPockets!) for real estate investors put together by Dave Meyer and available for all BiggerPockets members.

5) Consider meeting with a few agents in your area even if you are just getting started! An investor friendly agent can do all sorts of helpful things, like setting you up with a search for properties or connecting you with folks who have recently done deals like the ones you want to do.

6) Consider analyzing a deal or two in your local market, just for practice, with a free use of our Rental Property Calculator (or other calculators).

Hope this helps! Please reach out with any questions you may have!

 Hey Kade,

Anything I could do to help! Where are you located in Washington? @Brandon Vukelich is a guy who knows a tremendous amount about RE and is a great resource!

@Kade Drake, being here in BP, you are in the right place since you will meet a lot of investors, realtors, loan officers.

Just ask your questions in forums in here, and we are happy to answer.

To start your investing journey, you may want to consider house hack. This will help you investing, while putting very little money into the deal

Don't be afraid to go to meetups and network with other people! Sometimes it's easier when you have someone with you going through the same steps. See if any of your friends are also interested in RE. Every person I have interacted with on BiggerPockets has been wonderful so don't be afraid to send direct messages to others. You never know where the relationship will go.

I think that @Dan Sheeks and that zoom call would be an excellent start. You have the right idea. Find some guidance, work as much as you can, live off of nothing, delay gratification, and think long term. Slow and steady still wins the race. My advice for you right now is to maximize your post-college income opportunities. Real estate investing is a lot more fun and a lot less stressful if you have a good W2 or self employed day job income. It is somehow not popular to say that it takes money to build and scale a real estate portfolio. 

If you think that I could be helpful or be a good resource, send me a DM. I've got nothing to sell. My specialty is furnished rentals - short and mid term. We actually own a property across the river from you in Portland and spend a chunk of each summer up there. 

Welcome to the forums, Kade. Continue using these forums and networking with other real estate professionals. You'll pick up a lot of knowledge just by reading/talking on here, and connections go a long way. Get involved in local meetups/events and connect with agents/lendors/brokers etc.

Hi Kade, do you live full time in Vancouver WA? How often do you swing by to Seattle? There's some meetup that I'll be happy to share with you. There's two events coming up next week @Carlos Valencia @alber