All Forum Posts by: Gerald K.

@Matt Bowers 

Welcome to BP. Check out the "Learn" tab up top along the blue border. Lots of great info - how-to guides, podcasts, etc. See you around the forums.

@Chris Stromdahl 

Welcome to BP. Nice to see another local jump in. Congratulations on passing your Washington State Broker's Examination. You're well on your way. Much success. See you around the forums.

@Jennifer Clancy 

Neat story! I've traveled to many places around the world but not to those few you've mentioned. Problem for me is that most of the places I like are not cheap. It's nice to have a plan. Nicaragua sounds ideal. You can be like a tourist everyday. What a life!

You mentioned you get $450/mo from the single family and will get $1850/mo from the 4plex (after water and garbage are paid) $2300/mo total in investment income. How about property management, vacancy, and other repair expenses? Maybe it doesn't matter if moving to San Juan del Sur, Nicaragua means you can live off only $1400/Mo. Check the 50% rule here.

@Brandon Luke 

Welcome to BP. You found the right place. Great to hear you found some experienced investors to work with. Good luck and much success. Hope to see you around the forums.

@Tim Mangold 

Welcome to BP. Nice to see another local join the community. We investigated the idea of an LLC early on but decided on an umbrella insurance policy for our rentals to begin with. Hope to see you around the forums.

@Thomas Coburn 

Welcome to BP. Nice to see another local join the community good luck and much success. See you around the forums.

@Stacey Olson 

Welcome to BP. Nice having another local Washingtonian join BP. Hope to see you around the forums.

One idea for keeping tenants longer term is to give them an incentive to do the right thing by rewarding them for doing so. For example, if you comply with the rental agreement and pay all your payments in full and on time, you will be credited one week of free rent or perhaps one month of free rent for three years in good standing.

Hi Dana,

The Snohomish County meetup will be Thursday, July 31st and Brandon Turner will be there. Details and updates can be found here: SnoCo Connected Real Estate Investors . Hope to see you there.

Ran into some snags in Everett so couldn't make it. Can't wait to hear how great it was. I'm really hoping to make it to the Lynnwood event the end of the month.