All Forum Posts by: Ralph Stachniuk

Little late to the party on this one... Any meetups coming up in the near future? Olympia/Tumwater will probably be the closest to me(Lewis County). Aspiring/new investor here looking to connect and learn as much as possible. 

@Daniel Jodrey

Hello Daniel,

I'm not an expert by any means, and I technically have 0 experience in actual investing but I'm definitely starting to see what you have figured out. I've been looking for either LTR or MTR type property, single and multifamily, but when I do the numbers on any of them, even at lower price breaking even would be the best case scenario. I guess the only way this could be feasible is if the property was purchased off market at a deep discount. So far I made one attempt at actually biting a property. My neighbor passed away, and I talked to her daughter about buying the house directly from her. She was pretty enthusiastic at first, but she would like to get closer to market price for it. I offered a number that would potentially net me a little cash flow as a LTR. Flip probably would have been a better way to make some money off of it, but steady additional income is what I'm really after. As far as STR I'll be looking in OR, along the coast, but that's not a priority. I'm wondering if either partnering with someone, at least on the first few deals, would be a better option, or investing out of state.

@Melissa Justice

Thank you for the sound advice. Little by little I'll get it figured out and fine tuned. Got a lot going on right now, getting ready to retire out of the military, working on getting my real estate license, trying to figure out if I'll need a steady W2 income at first. One thing I know for sure is that we're staying here, no intention of going back to NJ, or move elsewhere. At least for now anyway.

@Nicholas L.

Unfortunately house hacking is not in my cards. Wife would not get behind that idea, especially with 2 kids. I'm not in a rush, so I'll wait until something right comes around. I thought a STR in a right area could be a good option, but I'm not sure if it's something a newbie should start with vs single family or a duplex.

Hello everyone. I'm a future investor from Lewis County, WA, here to educate myself, fine-tune my investment path and get to letting my money work for me. I'm leaning towards rental properties with variable rent lengths. I'm not looking to build a real estate empire, but to create some future supplemental, passive income.