All Forum Posts by: Nicholas Zaharevich

@Andrea Lauritzen I 100% agree! Washington State and especially the city of Tacoma are making this area a less desirable area to invest in. On top of that, there's a bill working it's way through the state to add an additional sales tax on real estate. We own and manage several rentals across the state an will also be looking for opportunities to 1031 exchange into more landlord friendly states with better price points. 

I just spent a few months out near Kansas City, MO and Leavenworth, KS. Loved the area! 

I'm happy to cheer about my experience out there, and always like meeting up with other investors in the Tacoma area. 

Nick

Hey @Levi Cartwright! Congrats on making moving to Washington and diving into real estate investing – that's exciting stuff! With your savings and a solid income, you're in a pretty good spot to start house hacking. House hacking is a smart move, especially for your first property. It's like hitting two birds with one stone – you get your own place and also make some money off it. 

Here's what you should keep in mind...$150k budget is a decent start, but it'll shape what kind of property you can get. Or as you have seen, that price range is landing you in less desireable areas. Since you're living there too, try to find a place that doesn't need a ton of work. You don't want to blow your budget on repairs right off the bat. 

Look into FHA loans. They're popular for house hacking because the down payment can be as low as 3.5%...but also means you can't get your hands on a super fixer-upper.

Get to know the landlord-tenant laws in Washington, their are differences between King and Pierce County as well as some municipalities, like Tacoma. 

Renting out part of your place means dealing with some tax stuff. It's not too scary, but it's good to be aware. Choose a place that'll be a good investment down the road. Real estate's a long game. Keep some cash on hand for the unexpected – like repairs or if the place goes unrented for a bit. 

Network and link up with local real estate folks. They're a goldmine of info and can help you find good deals. There are groups on Facebook like the Washington's Real Estate Investors Club and Sound REIA - Real Estate Investors in the PNW.

Remember, you're just starting out, so it's all about learning as you go. Feel free to reach out if you have more questions. Good luck with your first house hack!

Cheers, 

Nick

Hey Beth! Welcome!

I'm in the Tacoma area and commute to the JBLM area regularly. Let me know if I can help in any way. 

Nick

@Shawn Turnipseed

That's a sound approach to start with small residential multifamily units. From my experience, there's a sweet spot. For instance, I've noticed that our duplexes generally incur less maintenance costs that I have to cover, compared to my fourplex, where there are more expenses that I absorb. It's an important factor to consider as you begin analyzing properties. Always feel free to reach out if you need any assistance or insights. I'm happy to help.

Best of luck in your real estate journey!

Hello Shawn,

Welcome to the world of real estate investing! It's great to hear about your enthusiasm as you prepare for your first deal in Pierce County. This area has a lot to offer, with its diverse real estate market and potential for growth. As you embark on this journey, remember to thoroughly research properties, understand local market trends, and consider consulting with experienced professionals. This will not only boost your confidence but also help in making informed decisions. 

Could you share more about the type of investing you're interested in? Are you looking at residential properties, commercial real estate, fix-and-flips, or rental investments? Knowing your focus will help in providing more targeted advice and insights.

Best of luck with your first investment!

Best regards,

Nick

Hey Ramesh,

I'm local to you and would be happy to link up with you and discuss what it is you're trying to get at. 

Nick 

@Christian Ortega

Have them give me a call! I'd be happy to help them out!

Nicholas Zaharevich | Realtor
eXp Realty
Cell 509.948.6213
[email protected]
www.exprealty.com

@Mandy Boekenoogen

My realtor in the Tri-Cities is Nick Kunde. His number is (509) 845-4570. 

Is there something specific that you're looking for?

@Ben Naught amazing work! I've never flipped, only buy and hold, but you motivate me to want to do more. Thank you for sharing this success!

Nick