All Forum Posts by: Zach Schwarzmiller

That's a good question. I've tried to buy a couple probate houses in South Snohomish County I've come across on Craigslist and they are always gone before I can get anywhere.

Hi Jonathan, welcome to BP!

Hi Rusty,

My office is in Everett and I live in Snohomish (owner occupy a triplex and trying to buy the rest of the block). I own some real estate in South Snohomish County / North King County. Love the market here. You have a great intro by the way - well written!

We have started up a Snohomish County REI you may be interested in checking out when you move up!

http://www.meetup.com/SnoCo-Connected-Real-Estate-Investors/events/138912582/

I am extremely familiar with this area if it's multi-family or commercial related feel free to ask.

Look forward to meeting you sometime!

Hi Marc,

If your ever down south in Snohomish County:

http://www.meetup.com/SnoCo-Connected-Real-Estate-Investors/events/138912582/

Welcome Will! I am also in WA, I live up in Snohomish County but help investors buy and sell commercial real estate all over WA. I own rentals in Snohomish County and love the market up here. I think Tacoma is a great place to start as well, especially if your interested in smaller multi-family - with the large amounts of development (still in the pipeline!) couped with rapidly rising rents in Seattle were seeing a shift to areas like Pierce/Snohomish County where rent is more affordable - and not nearly as much development.

We have a Snohomish County REI meetup if your interested in joining!

http://www.meetup.com/SnoCo-Connected-Real-Estate-Investors/events/138912582/

Ah yes, I do this too, on an excel sheet ;)

Being in Washington State, I would advise you to keep the conversations verbally, versus email and/or text message. We live in a tenant friendly state and that could come back to haunt you. I've seen it happen more than once where someone wishes they had not written the message, once it's written it's essentially there forever. I love text messages and emails because I can write them while I am sitting in a meeting, but I've learned to just wait it out and make the phone call instead!

I give tenants the criteria and application and tell them to give me a holding deposit of the security deposit (I don't deposit it), the holding deposit will hold their position for 24 hours (enough time to get me back the application + fee). If they fail to get it to me within 24 hours I move on to the next person. If they do get me the application within 24 hours I give them another 48 hours to pay first months rent (usually have the screening results within 2-12 hours). This is all written on my screening criteria so it's of no mistake to anyone along with dates, ect. If I move on to the next person or reject I tell them do you want me to send the check back to you or just shred it? And then I send out the rejection information.

I pick markets I am familiar with and within 1-2 hours of total travel time (I like to be able to see the asset physically without too much trouble). Once I have this criteria sorted, I look what development is going on and what appears to be the "path of progress". I will then look to purchase/build multi-family and/or smaller commercial assets in dense populated areas near "power house" developments. I also help investors buy and sell commercial real estate so I spend all day analyzing/underwriting deals and markets throughout the state (and sometimes other states), which definitely helps me stay current with what's going on in these markets.

Are you building some in Portland?