All Forum Posts by: Kelly McCandless

@Jacob Whitbeck Renton would also be great if it allows everyone to come, I'm not sure what the number limits are at Rainier. I'm happy as long as there is room for me!

This sounds awesome! I'm living in South Seattle, but I'm from Federal Way and would like to buy in Pierce County.

Are there any hard plans? The Rainier ideas sound great.

I'm currently house hacking somewhere with an upstairs unit and a basement unit. The property doesn't have a garage and since I have been living here, I have personally wanted one. However, I don't want to spend that much money if it is purely for my enjoyment, and I'm not sure how to determine the financial value of adding one. It's expensive so I'd like to figure out if it will let me raise rents or sell for more down the line. If the cost is not going to significantly add value to rent/worth of home, then I'd rather put the money towards the next downpayment.

Could anyone here that has added a garage provide feedback on whether or not is was a good investment?

@Michael Haas

Thanks for the reply! I’m definitely interested in talking more.

@Mike Dymski

Waiting definitely wouldn’t hurt and it’d be a good education period.

It turned out well but part of it was going into a major where I knew there’d be a job. I can see how it wouldn’t work out well for a lot of people.

@Theresa Harris

Thank you for the advice.

I’m interested in long term multi family rentals, but single family is likely where I’ll start for cost reasons. I just put a few cities into the keyword search to look for meetups upon reading this, so thank you for suggesting it.

@Nathan Norway

Thanks for your reply. BRRR and moving towards apartment complexes is my main interest. I would like to eventually make enough to do it full time. I enjoy my field now but don't want to feel trapped in it.

@Mike Dymski I worked for years saving up for school, but then got scholarships that covered all my schools and living expenses. I also majored in a field with lucrative internships and lives at home.

House hacking sounds like a good choice. I won’t know my work location until August. Should I wait until I have a solid idea of location then?

I just hit the savings goal I wanted to hit before graduating in June. I’ll start work full time in September and make $79,000. I’d like to do rentals but Seattle is looking like it’s about to crash.

Do I buy locally in a less expensive area?

Do I just do 20% down or shoot for something bigger at closure to 10-15%?

Should I go out of state?

Are there any classes I should take?

Sorry for the newbie questions, I appreciate any advice you have!

@Anant Lal

I’d personally fix everything but the blinds. These were all things that apartments would fix in 48 hours. It might not be 100% necessary, but if you want to keep good tenants, basic maintenance is just something you do.

Also the screen with dots on the microwave is for blocking the waves. If it’s broken then waves are potentially getting out. It won’t kill anyone overnight but you don’t want to be sued in 20 years because a tenant happens to get cancer.