WSREIP: Your Gateway to Real Estate Success in Washington State Jeff Utecht

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 freedom. Jan suggests that Julia consider buying a new property every year instead of every two years to accelerate her progress. They discuss the importance of increasing passive income and the potential for Julia's husband to support her in managing more units. Jan also advises Julia to focus on finding incredible deals and leveraging off-market opportunities. Julia Pardo discusses her real estate investment journey and her plans for future investments. She shares her experience of buying her first duplex and the challenges she faced. Julia expresses her desire to invest in a fourplex and her husband's hesitation. Jan advises Julia to focus on building relationships with wholesalers to find off-market deals. Jan also suggests exploring on-market properties that have been sitting for a while and submitting offers that reflect the market price. Julia realizes that she needs to let go of her fear and take the next step in her investing journey.
Takeaways
Consider buying a new property every year instead of every two years to accelerate progress towards financial freedom
Increase passive income to have more resources and support systems in place
Focus on finding incredible deals and leveraging off-market opportunities
Involve Julia's husband in managing more units to alleviate workload Building relationships with wholesalers can help in finding off-market deals
Submitting offers on on-market properties that have been sitting for a while can lead to good deals
Letting go of fear and taking the next step is crucial for success in real estate investing
Guest: Jan Wanot
Jan is an immigrant that came to this country with nothing, studied hard and finally attained the America dream…. of a steady, corporate job. Or so he thought based on the narrative we’re all fed. Jan eventually wisened up and left the steady paychecks to become a full time real estate investor in 2017. Today he owns and operates a portfolio of 225 cash flowing units around the country plus a variety of active real estate projects in Seattle. He is the founder of the WA Real Estate Investing facebook group where about 19,000+ members in the Pacific Northwest connect and share value every day. In his spare time Jan loves to stay active, travel 3+ months per year, raise hundreds of thousands of dollars for charities he cares about, and teach real estate investing.
http://facebook.com/groups/WAREI

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. They also discuss the impact of laws and regulations on real estate investing and the value of social media in sharing information and empowering others.
Takeaways
Real estate investing is attainable for anyone, regardless of age or life stage. Time versus energy is an important consideration when deciding whether to do renovations yourself or hire contractors. Understanding and adapting to laws and regulations is crucial for successful real estate investing. Breaking down big ideas into manageable steps is key to achieving real estate goals. Social media can be a powerful tool for sharing information and empowering others in the real estate industry.  

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 standardizing and optimizing before scaling. Victor discusses his marketing channels, including Google PPC and SEO, and the importance of building a large buyers list. He also talks about the future of wholesaling and the potential for disruption in the industry.
Takeaways
Wholesaling is about marketing and sales, not investing. Standardize and optimize before scaling your business. Building a large buyers list is crucial for success in wholesaling. Innovation and disruption are on the horizon for the wholesaling industry. There is a massive under supply of inventory in the market, creating opportunities for wholesalers. Chapters
00:00 Introduction and Victor's Journey into Wholesaling
07:24 Standardize and Optimize Before Scaling Your Wholesaling Business
16:22 The Future of Wholesaling: Innovation and Disruption
Contact Viktor
Instagram: Viktorglg
Facebook: viktor.rybachuk
www.iwillbuyhouse.com

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 challenges and opportunities for real estate investors, including the importance of zoning changes and entitlements. They also discuss the financing options and terms offered by Builder's Capital. The episode concludes with contact information for Builder's Capital and a reminder of the value their loan product provides to real estate investors.
Chapters
00:00 Introduction and Background
02:58 Flipping Houses in Seattle
06:06 Overview of Builder's Capital
11:00 Challenges and Opportunities for Real Estate Investors
22:55 Contact Information and Conclusion
About Jeff Bumgardner
Studied city planning in grad school back east, did highrise multifamily development, moved to seattle to work on Citybldr tech, did some house flips and wholesaling, work for Builders Capital putting together construction financing for residential builders and developers.
 
linkedin.com/in/jeffbumgardner

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 building relationships and offers advice for newcomers in the market. He also provides insights into the trends in property management, including slowing rent growth and rising vacancies. Eric concludes by sharing his contact information for those interested in reaching out to him.
 
Takeaways Building relationships is crucial in the real estate industry, as it can lead to opportunities and deals. The acquisition market can be challenging, with stricter bank requirements and limited opportunities. Property management plays a vital role in protecting income streams and adapting to market trends. Slowing rent growth and rising vacancies are trends observed in the rental market. Effective underwriting and management are key to success in the real estate industry.
Our Guest
 
Erik Magnuson is a second-generation, award-winning real estate mgmt and investment professional with over 20 years of industry experience throughout the Western United States.
 

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 should look for in an insurance policy. He emphasizes the need for proper coverage and the role of insurance in protecting against potential losses. Additionally, Jason discusses his current real estate investing journey and his involvement in creative financing and lending. In this conversation, Jason Dufault and Jeff Utecht discuss the path to retirement through real estate investing. They emphasize the importance of setting goals and staying focused on achieving them. They also talk about instilling the mindset of financial independence in the next generation. The concept of house hacking and delaying the purchase of a dream home is explored as a strategy for building wealth. The conversation concludes with a discussion on investing in the Tri-Cities area and how to contact Jason Dufault for insurance and investment advice.
Takeaways
Joining a local real estate meetup group can provide valuable networking opportunities and access to experienced investors.
Understanding insurance coverage is crucial for real estate investors to protect their investment properties.
Investors should consider the age of the property and the need for additional coverage, such as sewer backup coverage.
Requiring tenants to have renter's insurance can provide additional protection for landlords.
Creative financing and lending options, such as self-directed IRAs, can be explored to fund real estate investments.
Chapters
00:00 Introduction and Background
01:00 Getting Started as a Real Estate Investor
03:07 Growing a Real Estate Meetup Group
04:21 The Role of Insurance in Real Estate Investing
06:00 Understanding Insurance Coverage for Investment Properties
08:13 Importance of Proper Insurance Coverage
10:01 Considerations for Older Homes and Sewer Backup Coverage
13:05 Requiring Tenants to Have Renter's Insurance
15:01 Insurance for Flipped Properties
19:06 Jason's Real Estate Investing Journey
22:43 Creative Financing and Lending
29:49 The Path to Retirement
30:18 Setting Goals
30:51 Instilling the Mindset in the Next Generation
31:22 House Hacking and Delaying Dream Home
32:13 Investing in the Tri-Cities Area
32:36 Contacting Jason Dufault
Email: (work)
jason.dufault {at}countryfinancial.com
Phone: (cell)
509-947-1879
Facebook:
www.facebook.com/zmanj13
Instagram:
www.instagram.com/justaskjay_13