All Forum Posts by: Royal Winchester

Thanks, Lane!

This is all I see on RedFin. I'll look into getting the trailing 12.

Financial Information
• Cash Out, Conventional
• Annual Taxes: $26,703
• Tax Year: 2017
• Cap Rate (NOI/LP): 7.00
• Gross Rent Multiplier: 8
• Total Monthly Income: $22,445
• Gross Scheduled Income: $269,340
• Gross Adjusted Income: $13,594
• Net Operating Income: $163,145
• Electrical Expenses: $4,800
• Insurance Expenses: $10,692
• Water/Sewer/Garbage Expenses: $28,000
• Other Expenses: $36,000
• Total Expenses: $2,100
• Total Expenses: $2,100

Location Information
• Map Book: Thomas Guide
• Lakewood

Listing Information
• Reviewed on Receipt
• Possession: Closing

An apartment complex went on sale recently.  I’d really be interested in what experienced investors here think about this as an investment.

Carlyle Court in Lakewood, Wa right next to the military base.

Thanks for the encouragement!

I will keep looking, and would like to attend events in the area to help me make sure I'm assessing deals properly and help me find good leads.  Are there events in this area you suggest?  I see a few on BP/events, and it sounds like companies like http://vestus.com/ and I think I ran across another one, though I can't remember it right now, have weekly meetings where you can see upcoming foreclosures and analyze them.  Are these something folks would recommend?

New member here,

That sounds really interesting, David. I am considering doing the same thing. I have equity in my house and I'm pursuing a VA cash out refinance to get some capital with the hopes of investing in cash-flowing properties. I've been looking at SFH's here in the Seattle area, trying to find something close by (I live on the East Side) but having a lot of trouble so far finding properties with good numbers.