All Forum Posts by: Timothy Tooker

@Erin Caldwell

What you are experiencing is a non-conforming duplex. All over Pierce County there are residential code levels that cause multi-family homes to be classified as a single family home.

I just researched a property for a client to figure out the same questions you have.

Example: Lakewood, WA

Single Family home has two properties with separate addresses. Home is coded R3 (Which is Residential - Townhomes/Condo's). In the explanation the buildings are suppose to share a wall and on this particular property the homes are separate, just like yours.

I called the city of Lakewood and asked them what was going on. They told me that this building is grandfathered in due to age of building and it being non-conforming to that particular area (Area is coded as R1). They said, they had no issue with the property staying the way it is and owners are welcome to repair/upgrade the houses. The only thing that is not allowed is adding additional space or tearing them down and building another multi family house on that lot (You would only be able to build a true single family home to match current zoning).

Lakewood does not consider a building a multifamily unless it is at least a tri-plex.

Trying to change zoning code is difficult, time consuming and can be expensive.

If you have any other questions, you are more than welcome to contact me

@Andrea Wong

The Rockwell books

@Andrea Wong

You can borrow my books to use for studying if you would like... The state examine is almost the same as the national.

Call me if you have any questions.

Looking for a recommendation for Landscaper that services the Black Diamond area of King County

@Simon Wold

My Construction company can install floors for you.

@June Fricke

Portfolio Lender: Washington Federal or other regional/local banks might do it

Hard money Lender: MBO NW, LLC

@Rudy Manna

I had to get one down in Thurston county and it cost about a $1,000

@April M. Kimble

First, welcome to BP... This is an amazing place to learn and stay current on what is going on in various regions/investment strategies for real estate.

I would use your VA to get into a multifamily property as @Ryan Taylor said. Save your cash for future investments, as 30k could get potentially get you three rental properties if used correctly. If the market takes a downturn, cash will be king.

I am an Investor/Agent/GC in the Tacoma area. My companies can assist you with any of your real estate needs.

*** Military Appreciation ***

I just retired last month after 20 years of service. So as a way of giving back, I give 20% of my commission back to Active Duty/Veterans. 

If you have any questions, feel free to contact me

@Shawn Tompke

Pierce/Thurston Market: Ultra Competitive

Average Profit per flip: Depends on Investors..... And there are so many flips in both counties that I do not believe anybody can give you an accurate number.

Auction Prices: Super inflated/Competitive

Ken Bussey

Rhodes & Associates, PLLC