All Forum Posts by: Wesley Robirds

So I’m looking for a my first deal in roughly the next year, I’m located near Seattle but am curious if anyone in this area knows good neighborhoods or city’s that are looking more promising then others, I intend on starting with a duplex up to a 4plex, live in one an rent the other units out as my first deal. Also open to any local investor that are interested in helping out a newbie on his path to real estate investing success in this market I’m willing to help out on others deals to learn, partnerships maybe that I do some minimum aspects to take some task off an investors plate so I can learn more hands on and grow. Thank you in advance to any help and advice.

So I’m working on paying off debt currently to open up more avenues in my dream to invest in Realestate and I’ve heard of owner financing and my question is if this would be possible in a situation we’re someone owes back taxes you owner finance but pay off the back taxes and then refinance out. This is a rather vague description, as I don’t know tons on this, or if this is even possible. But would love any light on this subject from  experienced investors if this is a possible way of getting into a deal, and if not an explanation as why it’s nit doable for my own knowledge in he future. 

And maybe for context I’m wanting to get my first deal under my belt but have the issue of no capital and bad credit until I have it all paid off so am looking for more creative way s to get into a property.

@Aron klatt 

Thanks for the response this is definitely still a stage of me looking into it and trying  to see if it is actually potentially a profitable deal being I’m new to all this and still learning I appreciate any guidance and information I can get thank you again 

To start I drive by a property almost everyday that’s a old run down decent size home on top of a hill, I’ve looked it up and it’s on 5.5 acres and last sold for 1.2m but the estimate on Zillow is around 450k. Now that being said it’s off market so my question is when you see a property that you believe could be a good investment but it isn’t for sale how do you go about finding out the owner of said property and then what would be a appropriate way of bringing a offer to a own who isn’t currently trying to sell to purchase the property?

hello Kyle , I’m also a newbie looking to get into real estate investment property’s in the greater Seattle area and threwout Washington state. I’m leaning towards wanting to get into multi family properties Would love to network. I’m still learning and planning to make my first deal in the next couple years (need to build some Capital and get into a better credit situation) also looking to network with anyone whom has capital but maybe isn’t looking to do as much on the leg work end to get my foot in the door. 

So I'm in process of figuring out financing on a 4 plex property in my town to see if I'd be able to do it and if so at that point see if I can get a price that'll work but I'm trying to figure out being that there it will be my first deal and could use knowledgeable local investors whom don't mind me asking questions from time to time plus maybe helping me understand a good deal when I see one and avoid any big first time mistakes.

@Antoine Martel So I have yet to make a offer that's just the listed price but what your saying is I should only go threw either the purchase if they will take less then the property is worth?

So I'm in process of figuring out financing on a 4 plex property in my town but I'm trying to figure out being that there s will be my first deal if it goes threw and I'm just all around new to this the list price is $550,000 were the appraisal is $512,000 or at least I believe this I the appraisal it says realAvm I'm just looking for any and all information or advice on this as I'm not completely sure if I'm understanding the numbers perfectly Thank you in advance

I'm thinking it's a good investment due to average rent being around $1200-1500 in this area for 2br apartments this unit has 4 its list is $550k while I can't find a single family under $320k I plan on occupying one unit so after removing one unit from the market I'm still at $3900 and with not rent if my own which will easily cover a mortgage on the property and still make some extra income and give me the ability to build up capital for future property's

I'm looking into my first potential investment, I'm looking for any ideas of possible ways to get the capital the list price $550,000 on four units, current rental income $3595/month the property is in good shape has two long term tenants and the other two unit are occupied and I'm currently looking into financing but I don't think I'm going to be able to get a conventional loan any ideas on other possible ways to get the funds that perhaps others have used or know of I'm brand new to all this and I'm still learning a lot. Thank you in advance