Learn all about investing in real estate in Tacoma, Washington with a combination of real estate financial planning and modeling with numbers specific to Tacoma plus syndicated, more generalized recordings of live and pre-recorded real estate investing classes (not all specific to Tacoma).
…
continue reading
The Washington State Real Estate Investing Podcast is geared towards real estate investors who want to grow their network and their real estate portfolio in Washington State. We know how diverse Washington state is and what works in one market, say Tacoma, might not work in another market, say Yakima. Our goal is to bring you insight into different markets across the state. Talking with real estate professionals from wholesalers and real estate agents to contractors, loan officers and of cou ...
…
continue reading
![Artwork](/static/images/128pixel.png)
1
Haunted Houses or Hidden Treasures? Decoding Stigmatized Real Estate
24:52
24:52
Play later
Play later
Lists
Like
Liked
24:52
Life has risks. Investing adds new risks. Investing in real estate adds new risks specific to real estate investing. One risk that is unique to real estate investing is the risk of buying a stigmatized property or having a property become stigmatized while you own it. In this class, James will: Uncover hidden gems in the real estate market and turn…
…
continue reading
![Artwork](/static/images/128pixel.png)
1
Real Estate Investing Through Massive Foreclosure Periods
51:13
51:13
Play later
Play later
Lists
Like
Liked
51:13
Real Estate Investing Through Massive Foreclosure Periods Join us for an exclusive episode of the REFP podcast, focusing on "Real Estate Investing Through Massive Foreclosure Periods." In this enlightening episode, you'll dive into the following insights: Discover the secret to making money during economic downturns, a strategy that can set you apa…
…
continue reading
![Artwork](/static/images/128pixel.png)
1
Deal Alchemy™ - Debt Paydown to Cash Flow
25:20
25:20
Play later
Play later
Lists
Like
Liked
25:20
Deal Alchemy™ - Debt Paydown to Cash Flow Join us for an exciting and enlightening class with James Orr as he delves into the fascinating world of Deal Alchemy™. In this class, listeners will discover a surprisingly powerful strategy that has the potential to drastically improve cash flow on rental properties. Whether you're considering buying a ne…
…
continue reading
Tax Deductibility of PMI Payments Are you an owner-occupant puzzled by the ever-changing rules around PMI (Private Mortgage Insurance) deductibility? Or perhaps an ambitious real estate investor, hungry to maximize your deductions and supercharge your profits? Then this class is your golden ticket to the world of tax wisdom! Join us for an exhilara…
…
continue reading
![Artwork](/static/images/128pixel.png)
1
Functional Obsolescence Unveiled: The Silent Value Killer in Real Estate Investments—and How to Defeat It!
31:04
31:04
Play later
Play later
Lists
Like
Liked
31:04
Functional Obsolescence Unveiled: The Silent Value Killer in Real Estate Investments—and How to Defeat It! There's a often overlooked risk of investing in reale state: obsolescence. Whether we're focused on properties that are or will become functionally obsolete or drift directly into economic or physical obsolescence... these are real-world risks…
…
continue reading
![Artwork](/static/images/128pixel.png)
1
How to Analyze an All-Cash Rental Property Purchase
1:08:49
1:08:49
Play later
Play later
Lists
Like
Liked
1:08:49
How to Analyze an All-Cash Rental Property Purchase Deal analysis is important. Learning how to analyze deals is a critical skill for all real estate investors, whether you're financing 100% of the purchase or buying a property without a loan at all and paying all cash. In this class, we will look at how deal analysis changes when you plan to buy a…
…
continue reading
![Artwork](/static/images/128pixel.png)
1
How Return on Investment Changes Based on Credit Score With PMI
41:51
41:51
Play later
Play later
Lists
Like
Liked
41:51
How Return on Investment Changes Based on Credit Score With PMI Does your credit score really matter when you're buying rental properties? Sure, your credit score impacts the mortgage interest rate you can get with traditional mortgages. And yes, your credit score affects how much private mortgage insurance (PMI) will cost. Your credit score can al…
…
continue reading
![Artwork](/static/images/128pixel.png)
1
43: Maximizing Cash Flow with Vacant Units
43:19
43:19
Play later
Play later
Lists
Like
Liked
43:19
Summary In this conversation, Jeff Utecht and Julia Pardo discuss investment strategies and the importance of not comparing oneself to others on social media. They emphasize the need to focus on personal goals and preferences when it comes to real estate investing. Jeff shares his experience of buying a fixer-upper property and realizing the potent…
…
continue reading
![Artwork](/static/images/128pixel.png)
1
Is It Better to Buy Rentals with 25% Down or All Cash After Buying an Owner-Occupant?
31:24
31:24
Play later
Play later
Lists
Like
Liked
31:24
So, are you stressing out over higher mortgage interest rates and properties not cash flowing as well as they used to, or in some markets, not having positive cash flow at all... even with 25% down? What's a real estate investor seeking financial independence to do? In this class, we will compare two strategies. In both strategies, you first buy an…
…
continue reading
![Artwork](/static/images/128pixel.png)
1
The Impact of Buying Properties at a 5% Discount When Nomading™
26:22
26:22
Play later
Play later
Lists
Like
Liked
26:22
So, you're considering Nomading™. Excellent! But as you dig into the details, you may wonder what the impact would be if you chose to buy a more desirable, higher quality, but maybe less optimal property at full price (without a discount), versus focusing on finding a slightly less desirable, slightly lower quality, but slightly more optimized rent…
…
continue reading
![Artwork](/static/images/128pixel.png)
1
42: Exploring the World of Industrial Real Estate in the greater Seattle area
31:48
31:48
Play later
Play later
Lists
Like
Liked
31:48
Matt McLennan, an executive vice president and shareholder at Kidder Matthews, specializes in industrial leasing and sales in the South King and Pierce counties. In this episode, he discusses his background in the wine industry and how he transitioned into a career in real estate. He explains the different types of industrial real estate, such as d…
…
continue reading
Deal Alchemy™ - Black Box Cash Flow Deal Alchemy™ is all about manipulating returns to get the returns you desire most. One variation of Deal Alchemy™ has you think about your rental property investment as a black box. You put money into the black box, some magical things happen over the next few years and out pops profit which you can spend like c…
…
continue reading
![Artwork](/static/images/128pixel.png)
1
Warning - Risks of Rental Demand Declining When Investing in Real Estate
27:08
27:08
Play later
Play later
Lists
Like
Liked
27:08
Warning - Risks of Rental Demand Declining When Investing in Real Estate Risk, risk, risk... Life is full of risks. To a limited degree, we get to choose which risks we voluntarily take on. For example, if you choose to invest in real estate, you choose to take on some additional risks that you might not—directly—face if you opt to invest in someth…
…
continue reading
![Artwork](/static/images/128pixel.png)
1
41: Accelerating Progress Towards Financial Freedom - A Coaching Session
40:59
40:59
Play later
Play later
Lists
Like
Liked
40:59
This episode brought to you be inspectify.com Summary Julia Pardo is being coached by Jan Wanot on the Washington State Real Estate Investing Podcast. Julia currently owns a duplex and wants to continue buying cash-flowing properties every two years. Her long-term goal is to provide rental properties for her future children and achieve financial fr…
…
continue reading
Private Mortgage Insurance Myths Reputation can be a challenging thing. I have found, through many conversations with clients over the years, that Private Mortgage Insurance (PMI) has a questionable reputation with home buyers in general and investors in particular. However, much of its reputation is based on half-truths, bad information, lies, and…
…
continue reading
![Artwork](/static/images/128pixel.png)
1
Warning - Risks of Neighborhood Decline When Investing in Real Estate
28:21
28:21
Play later
Play later
Lists
Like
Liked
28:21
Warning - Risks of Neighborhood Decline When Investing in Real Estate Everything in life has risks. Not investing adds certain types of risks, while investing adds other risks. One risk that some real estate investors face is the possibility that the neighborhood they're investing in will decline, causing values and/or rents to drop. So, how do we …
…
continue reading
![Artwork](/static/images/128pixel.png)
1
40: Julia Pardo joins WSREIP as co-host: The Journey of a House Hacker and Landlord
28:35
28:35
Play later
Play later
Lists
Like
Liked
28:35
Summary In this episode, Jeff Utecht welcomes Julia Pardo as the new co-host of the Washington State Real Estate Investing Podcast. They discuss their plans for the podcast and their own real estate journeys. Julia shares her experience as a house hacker and landlord, and emphasizes the importance of breaking down big ideas into manageable steps. T…
…
continue reading
How to Analyze a Duplex Some real estate investors are sensitive to their ability to get ten 30-year fixed rate financing loans and would prefer to fill those loan spots with larger purchases than just single family rental homes. One way to do that is to buy more expensive properties like duplexes, triplexes or fourplexes. In this class, James will…
…
continue reading
![Artwork](/static/images/128pixel.png)
1
How to Analyze Deals with Private Mortgage Insurance (PMI)
12:38
12:38
Play later
Play later
Lists
Like
Liked
12:38
How to Calculate PMI If you're a house hacker, Nomad™, investor buying properties with less than 20% down, or buying creatively where the seller has PMI, you'll want to make sure you know how to analyze deals that have Private Mortgage Insurance. In this mini-class, James will cover how to analyze deals that have PMI, with an emphasis on doing it u…
…
continue reading
![Artwork](/static/images/128pixel.png)
1
Is it Better to Pay Off Properties with Cash Flow or In Full When Nomading™?
36:01
36:01
Play later
Play later
Lists
Like
Liked
36:01
In many cases—not all, but many cases—real estate investors can speed up the time it takes to become financially independent by choosing to pay off the mortgages on their properties early. Sometimes it makes sense to take every extra dollar beyond a healthy amount of reserves and aggressively pay off properties as quickly as possible. Other times, …
…
continue reading
![Artwork](/static/images/128pixel.png)
1
39: The Importance of Marketing and Sales in Wholesaling
27:33
27:33
Play later
Play later
Lists
Like
Liked
27:33
Thank you to inspectify.com for sponsoring this episode Summary Victor Rybachuk shares his journey into real estate wholesaling and how he built his business, I Will Buy House. He started in nursing but found his passion in real estate. He explains that wholesaling is about marketing and sales, not investing, and emphasizes the importance of standa…
…
continue reading
![Artwork](/static/images/128pixel.png)
1
Deal Alchemy™ - Residential vs Commercial Property
14:50
14:50
Play later
Play later
Lists
Like
Liked
14:50
Deal Alchemy™ - Residential vs Commercial Property Deal Alchemy™ is all about manipulating the returns you're earning on your investments. Often, this is done through the choices we make when selecting the investment property and the strategies we choose to implement. For example, you could choose to invest in residential properties where your tena…
…
continue reading
![Artwork](/static/images/128pixel.png)
1
Warning - Risks of Loan Called Due When Investing in Real Estate
30:11
30:11
Play later
Play later
Lists
Like
Liked
30:11
Warning - Risks of Loan Called Due When Investing in Real Estate Investing in real estate adds some risk to an already risk-filled life. However, certain activities and strategies when investing in real estate create additional risks that other strategies and activities do not have. For example, choosing to utilize strategies where the lender has t…
…
continue reading
![Artwork](/static/images/128pixel.png)
1
How to Analyze Buying a Rental Property at a Discount
36:47
36:47
Play later
Play later
Lists
Like
Liked
36:47
How to Analyze Buying a Rental Property at a Discount in Tacoma Some real estate investors insist on only buying properties where they can purchase them at a significant discount. While not mutually exclusive, other investors insist on buying quality properties at a fair price as long as it gets them their desired returns and will stand the test of…
…
continue reading
![Artwork](/static/images/128pixel.png)
1
38: Non-Traditional Lending with Builders Capital
27:08
27:08
Play later
Play later
Lists
Like
Liked
27:08
Thank you to our sponosor inspectify.com Summary In this episode, Jeff Utecht interviews Jeff Bumgardner from Builder's Capital. They discuss Jeff's background in real estate and his experience flipping houses in Seattle. They then dive into an overview of Builder's Capital and their approach to construction financing. Jeff shares some unique chall…
…
continue reading
How to Calculate PMI If you're planning to buy a property and put less than 20% down, you're likely to be required to pay Private Mortgage Insurance. Lenders prefer that you put at least 20% down, but if you insist on putting less than 20% down, they may still make the loan. However, they will usually do so at a slightly higher mortgage interest ra…
…
continue reading
![Artwork](/static/images/128pixel.png)
1
Is it Better to Buy Rentals with 20% Down or For All Cash After Buying an Owner-Occupant First?
31:12
31:12
Play later
Play later
Lists
Like
Liked
31:12
There are a large number of investing strategies you could pursue as a real estate investor: Nomad™, house hacking, fix and flip, buying 20% down rentals, buying 25% down rentals, saving up to buy free and clear rentals and many, many more options. Which is the best? Which gets you to financial independence fastest? Which gives you the highest net …
…
continue reading
Deal Alchemy™ - Increasing Down Payment There are four primary returns from investing in rental properties: appreciation, cash flow, debt paydown, and the tax benefits of depreciation. Additionally, there is a secondary return in the form of the interest earned on the reserves required to make the investment in the first place. Many real estate inv…
…
continue reading
![Artwork](/static/images/128pixel.png)
1
Warning - Risks of Rental Property Expenses When Investing in Real Estate
43:06
43:06
Play later
Play later
Lists
Like
Liked
43:06
Warning - Risks of Rental Property Expenses When Investing in Real Estate Risk is all around us. When we choose to invest in anything, we’re choosing to take on the additional risk characteristics of that investment. For example, when we choose to invest in real estate, we choose to take on the risk characteristics of the specific real estate inves…
…
continue reading
![Artwork](/static/images/128pixel.png)
1
37: The Evolving Landscape: Trends and Trials in Property Management and Acquisition
33:25
33:25
Play later
Play later
Lists
Like
Liked
33:25
Episode Sponsor: https://www.inspectify.com/ Summary In this conversation, Eric Magnuson shares his journey in the real estate industry, from property management to acquisitions. He discusses the challenges he faced in the acquisition market and the potential market opportunities that may arise in the future. Eric emphasizes the importance of build…
…
continue reading
![Artwork](/static/images/128pixel.png)
1
How to Analyze a New Construction Single-Family Home Property
33:48
33:48
Play later
Play later
Lists
Like
Liked
33:48
How to Analyze a New Construction Single-Family Home Property in Tacoma Your ability to analyze deals is arguably the most important skill as a real estate investor. It allows you to make smart investment decisions and helps you avoid making career-ending bad decisions, such as buying cash-flowing-sucking vampire properties. In this class, James wi…
…
continue reading
The 3 Strategies to Pay Private Mortgage Insurance (PMI) Whether they're putting 15% down and buying a non-owner-occupied property or utilizing an owner-occupied loan with 0%, 3%, 3.5%, or 5% down for Nomading™ or house hacking, some real estate investors will choose to put less than 20% down. With the decision to put less than 20% down comes the c…
…
continue reading
![Artwork](/static/images/128pixel.png)
1
36: Covered & Invested: Strategies for Real Estate Success
36:07
36:07
Play later
Play later
Lists
Like
Liked
36:07
Summary In this conversation, Jason Dufault shares his experience as a real estate investor and insurance agent. He discusses how he got started in real estate investing and the growth of his local real estate meetup group. Jason also explains the importance of insurance coverage for investment properties and provides insights into what investors s…
…
continue reading
![Artwork](/static/images/128pixel.png)
1
Is It Better to Pay Off Rentals Early With Extra Cash Flow or Traditional Nomad™?
31:14
31:14
Play later
Play later
Lists
Like
Liked
31:14
Investing in real estate is full of truthy-sounding falsehoods: it is always better to do X than Y. However, if you were crazy enough to sit down and do the math, you'd find the truth to be much more nuanced. For example, should you take all your extra cash flow and savings and apply it to your mortgages each month to pay off rental properties fast…
…
continue reading
![Artwork](/static/images/128pixel.png)
1
Deal Alchemy™ - Cash Flow to Debt Paydown
25:57
25:57
Play later
Play later
Lists
Like
Liked
25:57
Deal Alchemy™ - Cash Flow to Debt Paydown There are four primary returns from investing in rental properties: appreciation, cash flow, debt paydown, and the tax benefits of depreciation. Additionally, there is a secondary return in the form of the interest earned on the reserves required to make the investment in the first place. Many real estate i…
…
continue reading
![Artwork](/static/images/128pixel.png)
1
35: The Ins and Outs of 1031 Exchanges with Sloan Kimball
34:47
34:47
Play later
Play later
Lists
Like
Liked
34:47
Thank you to our sponsor: https://www.inspectify.com/ Episode Summary: In this episode of the Washington State Real Estate Investing Podcast, Jeff Utecht welcomes Sloan Kimball, CEO of Northwest Exchange, to demystify the complexities of 1031 exchanges. Sloan, with his deep roots in real estate and financial expertise, unravels the concept, benefit…
…
continue reading
![Artwork](/static/images/128pixel.png)
1
Warning - The Risk of Down Payment Size When Investing in Real Estate
47:41
47:41
Play later
Play later
Lists
Like
Liked
47:41
Warning - The Risk of Down Payment Size When Investing in Real Estate Life is full of risks. When we choose to invest, we choose to take on additional risks. If we invest in stocks, we choose to take on certain risks. When we choose to invest in bonds, we take on different risks. When we choose to invest in real estate, we choose to take on additio…
…
continue reading
![Artwork](/static/images/128pixel.png)
1
How to Analyze a 5% Down Single-Family Nomad™ Property
36:46
36:46
Play later
Play later
Lists
Like
Liked
36:46
How to Analyze a 5% Down Single-Family Nomad™ Property in Tacoma Using the latest version of The World's Greatest Real Estate Deal Analysis Spreadsheet™, we will walk through how to analyze a single-family home Nomad™ property with a 5% down payment. Learn how to analyze deals correctly and avoid buying cash flow vampires. Only buy the best deals t…
…
continue reading
What Affects Your PMI Rate Lenders prefer that you put at least 20% down, but if you push hard enough, many will allow you to put less than 20% down if you're willing to purchase insurance to protect them in case you default. This insurance is called Private Mortgage Insurance. The cost of this insurance depends on several factors. Some are primary…
…
continue reading
![Artwork](/static/images/128pixel.png)
1
34: Rental Rundown: Kenmore's Insights on Tri-Cities Growth
28:15
28:15
Play later
Play later
Lists
Like
Liked
28:15
Thank you to our sponsor inspectify.com for their continued support of the WSREIPodcast! Summary Kenmore Property Management, based in the Tri-Cities area, discusses current trends, industries, and growth in the region. They differentiate themselves through their team environment and specialized professionals. The company primarily manages third-pa…
…
continue reading
![Artwork](/static/images/128pixel.png)
1
Is It Better to Rent or Buy an Owner-Occupant Property for 5% Down When Otherwise Buying 25% Down Rentals?
31:25
31:25
Play later
Play later
Lists
Like
Liked
31:25
You're a real estate investor looking to acquire properties by saving up and putting 25% down. Should you buy an owner-occupied property first? What if that's more expensive than renting? Should you still do it? What if it means you'll be saving less for acquiring rentals by buying an owner-occupied property first? In this comparison class, we will…
…
continue reading
Deal Alchemy™ - Lease-Options Different real estate investors desire, prefer, and prioritize different returns. For example, many real estate investors have a strong preference for the cash flow part of their return. With Deal Alchemy™, we can manipulate returns and move them from one area to another. Or, we can move them from one or more areas to …
…
continue reading
![Artwork](/static/images/128pixel.png)
1
33: Building a real estate portfolio of over 80 units since 1989 in Pullman, Washington
45:18
45:18
Play later
Play later
Lists
Like
Liked
45:18
Thanks to our sponsor Inspectify.com Summary John Chapman shares his real estate investing journey, starting in 1989 in the Pullman area. He began investing in rental properties to secure his family's financial future and has since grown his portfolio to over 85 units. John emphasizes the importance of property management and customer service, as w…
…
continue reading
![Artwork](/static/images/128pixel.png)
1
Warning - Insurable Risks When Investing in Real Estate
32:38
32:38
Play later
Play later
Lists
Like
Liked
32:38
Warning - Insurable Risks When Investing in Real Estate Life has risks. Real estate investing in Tacoma adds some additional risks. Some of these risks can be shifted from your responsibility to the responsibility of a third party for a fee. This is often described as insurance. You choose to pay someone else to take on a risk you don't want to tak…
…
continue reading
![Artwork](/static/images/128pixel.png)
1
How to Analyze a 20% Down Single-Family Home Rental
54:20
54:20
Play later
Play later
Lists
Like
Liked
54:20
How to Analyze a 20% Down Single-Family Home Rental Using the latest version of The World's Greatest Real Estate Deal Analysis Spreadsheet™, we will walk through how to analyze a single-family home rental property with a 20% down payment. Learn how to analyze deals correctly and avoid buying cash flow vampires. Only buy the best deals that make sen…
…
continue reading
![Artwork](/static/images/128pixel.png)
1
32: Emerging Real Estate Investment Opportunities in Skagit County, Washington
22:26
22:26
Play later
Play later
Lists
Like
Liked
22:26
Thank you to inspectify.com for sponsoring this weeks episode! This week on WSREIP we have a conversation with April Patterson, a realtor in the Skagit County area of Washington state, about real estate investing in the region. She highlights the unique aspects of Skagit County, it being a highly potential investment area due to its geographical lo…
…
continue reading
What is PMI And How to Avoid It You want to work with a lender so that you don't need to purchase a property with all cash. The lender is willing to lend you money, charging you interest to make a profit, and ensuring there is a safety buffer of equity in case you default and they need to foreclose to recover their funds. Your goal is to minimize t…
…
continue reading
![Artwork](/static/images/128pixel.png)
1
Is It Better to Put 25% Down and Buy 9 Rental Properties After Buying an Owner-Occupant or Nomad™ with 5% Down?
33:19
33:19
Play later
Play later
Lists
Like
Liked
33:19
Should you use the Nomad™ strategy to acquire properties with a minimal 5% down payment as quickly as possible? Or is it better to be a little more patient and save up for full 25% down payments and buy rentals without moving into each? By saving up for a 25% down payment, the properties will cash flow better. That may allow you to save up faster f…
…
continue reading
![Artwork](/static/images/128pixel.png)
1
31: Exploring Commercial Real Estate Opportunities in Washington's Tri-Cities with Derrick Stricker
37:26
37:26
Play later
Play later
Lists
Like
Liked
37:26
In this episode of the Washington State Real Estate Investing podcast, host Jeff Utecht interviews Derrick Stricker, a second generation commercial real estate broker from Tri Cities, Washington. Derek shares his personal journey into real estate, from considering law school to working in finance and investment banking in Chicago to ultimately retu…
…
continue reading
![Artwork](/static/images/128pixel.png)
1
Improving Cash Flow on Rental Properties by Improving the Property
28:07
28:07
Play later
Play later
Lists
Like
Liked
28:07
Improving Cash Flow on Rental Properties by Improving the Property When real estate prices, mortgage interest rates, and rent rates are high, it can be more challenging to generate great cash flow from a rental property. However, it is also more important than ever to do everything in your power to maximize cash flow. There are 88 strategies for im…
…
continue reading