All Forum Posts by: Tyler Barranger

@Samantha Lotti Oregon is the next state over and I love Oregon, why not!?

@Tom R. Lottery’s are for dreamers are you a dreamer or a doer!? I could dream all day and still be in the same place “dreaming” or a could place one foot in front of the other and make things happen.

@Michael DeHaan Hello Michael, Thank you for your response. Multi family, unicorns, ahh yes!! Lol! It may seem that way, however if you can crunch the numbers and know how to get a cap rate, no longer in unicorn city!

I would jump at the opportunity. Where is the property located? How long are they willing to carry the loan? APR %? Etc....Etc....Lots of unanswered questions, however I would not turn it down. The key factor, you being the negotiator, if you feel strong in this position and if you do not. reach out to a real estate investor and negotiate a percentage you are willing to provide for their service. I would reach out to a local real estate broker and pick their brain or even reach out to a lender and ask them about the different options they are throwing out at you.

I agree with @Russell Brazil, real estate is almost always about location.

Good day fellow investors,

It had come to my attention, Spokane is a really great market for first time investors. With roughly 40% of the population in rentals, it makes for a win win situation for first time investors. If you are looking to purchase a single family property under $150,000 and rent it out from $1200-$1400, then Spokane is the place to be! Also, duplexes from $225000 and under renting out for $1200 each side per month Let me know if you have any questions regarding the Spokane market or if you are on the hunt for an investor friendly real estate broker. @Karl Krauskopf can attest to the market and I hope he has had a good experience with investing in Spokane.

Good day all,

After reading all the post it has dawned on me that I need to find a new title and escrow company which is a bummer! I am going to try a few from the list Dan suggested. Also, thanks again @Karl Krauskopf

Thanks Dan!

@Mark Fries I am sorry that most of you have had bad experiences with realtors. I am a licensed real estate broker and I go above and beyond for my clients. As you all know real estate is not for everyone, just like working at a fast food joint is not for everyone. I personally dislike realtors, I feel most are arrogant and I would not pay them a dime. But there are a few good ones that actually work day in, day out. Also being 100% commission based can be a struggle at times and times can get tough. When I got into real estate I was told over and over it’s a numbers game, the more clients, calls, contacts etc... the more money, well duuuuh!! I get that concept, however if you do not overload yourself with to many clients and choose your clients wisely you only need a few to make a decent living. The maximum active clientele that I will carry at one time is 5, anything above you will start dropping the ball. I currently have roughly 12 out of state investor clients which only 3 are active and those 3 are BP members and I am sure will agree that I go above and beyond for them. If you are interested in and uprising market for buy and holds, I do have a couple spots to fill my roster. And again, not all realtors are the same, most!? Well yes, but not all! Remember the selling agents clients are the one making payment, so if you are working with a buyers agent you do not have to worry about paying them, in Washington, I’m sure there are states that are different. I love my job and my clients, please do not place all real estate brokers in one lump sum and claim that they are all money hungry and never work. Because I have a family, I work my butt off for my clients and we get by, by no means wealthy, we get by and that is enough. Thank you!

Good day is this truly your "first" flip? Sounds as if you have some general or basic experience which places you much further than the other investor who states hes done many and has not done one. We all know one or two! LOL! You honestly need to look at it as an experience, good or bad, possibly in between. All of us want to hit a home run on your first second, third or even your 10th project. If it seems to good to be true than more than likely it is, also go with your gut and if you make a mistake, no big deal, treat it as a learning experience and move onto the next flip. You stated you prefer the "fix and hold" aka, rentals as I do. They are far less risky, however your capital grows so much slower. Good luck with this one, I look at it, if it is a win or a loss its a learning experience and make the most out of it.

Take it slow, be confident and you have this.

Tyler Barranger

Good morning bp family,

I’ve noticed a lot talk about Kansas and Seattle, please do not forget about Spokane. I would say 99.9% if my out of state clients are happy with my service. I not only find the property, i shoot video of the property to send to clients, write up the offer, negotiate the offer and see that the transaction closes with out any snags. Additionally, for an additional cost, I  screen tenants, get application signed, meet with tenants, maintenance workers, anything and everything to get the tenant into the unit ASAP to see the unit is not empty for more than a couple of days. If you have questions regarding this process, I’m sure @karl krauskopft would be more than happy to answer the process and how successful we were.

@Karl Krauskopf

Thank you,