All Forum Posts by: Amanda Rivera

@Curtis Bidwell

I'll make sure to be there. Thank you for the information. I owe you a beer. 

Also, are there any regularly held events for local investors anyone would recommend attending?

@Aaron Nelson

I don't think this property does suit what I want in a rental (thank you @Curtis Bidwell for holding me accountable). 

I'm working with a VA loan and there are pretty strict guideline on what kind of properties I can buy. Considering that restraint what would you say I should do, as far as trying to find value add deals in this hot market?

@Brandon Gentile @Ned Carey Thanks for the warm welcome! 

@Timothy Grothuesmann

Thanks so much for the advice it really did clear things up for me. My thanks is extended to everyone else who posted on this thread as well.

@Kimani Kironji

It's not a true duplex. But it does have an attached studio apartment that is a separate dwelling from the main property (see Timothy Grouthuesmann's post for the Redfin link). 

The price tag worries me as well  I honestly haven't seen anything in South Tacoma as of yet that sold for that amount! Hence my concern. 

@Larry F 

I've tried to find comps but there aren't any property that look quite like it. The main part of the home is a 3 bedroom with an "office" that could be used as a 4th bedroom. And it has an attached studio. There just aren't any properties like it in South Tacoma. 

@Kimani Kironji

Yes it's in Eastside Tacoma WA.

Hey all,  

So I'm a new investor and I am in the middle of the purchasing a property in South Tacoma (eastside). To be honest I'm pretty sure it's not the best deal but I felt like I was falling in to the analysis paralysis trap and I needed to get into a deal to give me that push I needed to get into real estate investing. The property is under contract for $405,000 it's a 4 bedroom 2 bath SFR with a separately metered mother-in-law studio (which also has it's own kitchen and bathroom). Its a really well done reno and I was planning on househacking to cover the mortgage and utilities. I looked at rental comps and from what I'v seen I can get about $900 for the studio and $2000 for the primary house to a family; $2400 if I rent out rooms (correct me if I'm wrong). My question is regard buying such an expensive property in an area and that is considered up and coming. Does anyone see that area changing enough to validate 2673 sqft house being worth $405,000, even if it does have high end finishes.