WSREIP: Your Gateway to Real Estate Success in Washington State
Jeff Utecht
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Top 10 WSREIP: Your Gateway to Real Estate Success in Washington State Episodes
Goodpods has curated a list of the 10 best WSREIP: Your Gateway to Real Estate Success in Washington State episodes, ranked by the number of listens and likes each episode have garnered from our listeners. If you are listening to WSREIP: Your Gateway to Real Estate Success in Washington State for the first time, there's no better place to start than with one of these standout episodes. If you are a fan of the show, vote for your favorite WSREIP: Your Gateway to Real Estate Success in Washington State episode by adding your comments to the episode page.
26: Mastering Real Estate Investment with Paul David Thompson
WSREIP: Your Gateway to Real Estate Success in Washington State
04/12/23 • 24 min
Sponsor:
Join the Easy Home Buyers List today!
Want to support WSREIP by being a podcast co-host? Contact Jeff today!
Show Notes:
Welcome to Episode #26 of the Washington State Real Estate Investing Podcast, where we explore the ins and outs of real estate investing in the beautiful state of Washington. This episode is brought to you by The Easy Home Buyer, a one-stop solution for all your home-buying needs.
In today's episode, our host interviews Paul David Thompson, a seasoned real estate investor and founder of pauldavidthompson.com. Paul shares his wisdom on property selection, risk management, and investment success.
Introduction
- Welcome and introduction of Paul David Thompson
- Brief overview of today's topics
Property Types and Locations
- Paul discusses his preferred property types and locations for investments
- Criteria he uses for selecting investment properties
Evaluating Potential Real Estate Investments
- Paul shares his process for evaluating potential investment opportunities
- Importance of due diligence and research in the decision-making process
Balancing Risk and Return
- How Paul balances risk and return when making investment decisions
- Key factors to consider when analyzing potential investments
Risk Management Strategies
- Paul's approach to managing risk and minimizing losses in real estate investing
- Importance of diversification, insurance, and contingency plans
Advice for New Real Estate Investors
- Paul's top tips for individuals just starting out in real estate investing
- The value of networking, education, and mentorship for new investors
Staying Informed and Adapting to Market Changes
- How Paul stays up-to-date on market trends and adjusts his investment strategies accordingly
- Importance of being adaptable and responsive to changes in the market
Success Story: A Winning Investment
- Paul shares a particularly successful real estate investment he made
- The factors that contributed to its success and lessons learned
Be sure to check out our sponsor, The Easy Home Buyer, for a hassle-free home buying experience. Visit their website at www.theeasyhomebuyer.com.
20: Things to look for in an aging home with home inspector Alexis McPherson
WSREIP: Your Gateway to Real Estate Success in Washington State
12/28/22 • 24 min
Sponsors:
Save $20 on the Pro Plus Standing Desk (E7) at checkout when you use code WSE720
Join the Easy Home Buyers List today!
This is the last episode of the 2022 and the last episode of our first year and first season of the Washington State Real Estate Investing Podcast. Thank you to you our listeners, those who have been interviewed and our sponsors who supported us in this first year. Flexispot.com, Chad Young and The Easy Home Buyer, Kelly Clark and the CDA REI Summit, Billy Deese and Deese Real Estate and our newest sponsor Commencement Bank who you will be hearing more from in the new year. Thank you to all of you for supporting our efforts to bring knowledge, stories and highlights from across Washington State.
We end the year on some pretty positive notes. We had 5,300 downloads of the podcast in year one with over 3,000 of those coming in the last 30 days. Our #1 listened to episode was #7 with Maria Pence talking about her journey from police officer to over 300 units in the greater Spokane area. If you are new to the podcast you’re going to want to go back and listen to that episode for sure.
Guest: Alexis McPherson
Alexis loves meeting as many people as possible in the industry, learning what is working and what isn't, and how to elevate the Home Inspection industry as a whole.
https://batsinthebelfryhomeinspectionllc.com/
https://www.instagram.com/bats.in.the.belfry.hi/
https://www.facebook.com/bats.in.the.belfry.hi/
https://www.tiktok.com/@bitb.home.inspection.wa
Disclosure: This interview is for informational purposes only. Nothing contained in this interview should be considered tax, legal, or investment advice. You are responsible for consulting your tax, legal, and investment advisors to determine the best course of action for your personal scenario.
19: Digital Marketing in the Digital Age
WSREIP: Your Gateway to Real Estate Success in Washington State
12/14/22 • 22 min
Sponsors:
Save $20 on the Pro Plus Standing Desk (E7) at checkout when you use code WSE720
Join the Easy Home Buyers List today!
Investors Highlight
That brings me to today’s investor highlight. I have been in the technology world for a long time. In my day to day job I am an educational technology consultant, supporting schools and educators in using technology with students. One thing that I tell educators and I think this holds true for everyone is to be thinking.....do I feel like I work for technology, or does technology work for me? If you feel like you are constantly frustrated by technology then it probably means one of two things. 1) You need a system in place to support you in using the technology or 2) It’s the wrong technology. Oftentimes I find we have the right technology but we don’t put systems into place to make it work seamlessly. Next thing you know you’re spending hours on something that was supposed to save you time and energy.
There is all sorts of technology to support us in our real estate investing journey. I thought I would highlight some of my favorite tools that I use on a daily basis.
- Google Workspace for Business....full disclosure I have been a fan of the Google platform for a very long time and am a Google Certified Trainer. I find that their tools, whether it be a form, their spreadsheets, or their email (Gmail) it’s just a very powerful system when you set it up to work for you. If you or your office is a Google Workspace business and you could use some training feel free to reach out....it’s what I do.
- Stessa.com I really like stessa and as a free service for me to manage all my properties, see my finances all in one place I think it’s as good as it gets and is getting better. Quickbooks is so expensive and isn’t real estate focused. Stessa.com is for real estate investors. It does one thing and does it well and at Free...the price is right as well.
- The Marco Polo app on phones. This one I have to give credit to our contractor for. When we hired him he wanted to use the app to communicate and seeing that we live across the state from our rentals he’s working on it was perfect. When he has questions about something he can actually show us what he’s talking about, we can see the problem and then come up with a game plan to solve it. Such a great way to communicate when video is needed. Free and simple to use
I’d love to hear some of your favorite technologies that you use in running your real estate business. Leave a comment on this episode at wsreip.com or any other place comments are accepted across all the social media platforms. I always love finding new programs that can help technology work for me instead of me working for it!
Guest: Brandon Bateman
Brandon Bateman started a digital marketing company as a sophomore in college and never looked back. After volunteering to do digital marketing for companies, he started the Bateman Collective and is now the premier digital marketing company for wholesalers across the country. Bateman Collective handles all digital marketing, from SEO to PPC to Facebook and Instagram ads, as well as designing and creating content for those platforms.
https://www.batemancollective.com/
Disclosure: This interview is for informational purposes only. Nothing contained in this interview should be considered tax, legal, or investment advice. You are responsible for consulting your tax, legal, and investment advisors to determine the best course of action for your personal scenario.
42: Exploring the World of Industrial Real Estate in the greater Seattle area
WSREIP: Your Gateway to Real Estate Success in Washington State
06/12/24 • 31 min
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 distribution centers, manufacturing facilities, and industrial outside storage. Matt also shares insights into market trends, including the increasing focus on efficiency and sustainability in industrial buildings. He emphasizes the importance of technology, particularly social media, in the real estate industry.
Takeaways
- Industrial real estate includes various types of properties, such as distribution centers, manufacturing facilities, and industrial outside storage.
- Market trends in industrial real estate include a focus on efficiency and sustainability, as well as the increasing demand for industrial outside storage.
- Technology, particularly social media, plays a significant role in the real estate industry, allowing for better marketing and communication with clients.
- Investors should consider factors such as the going-in price, cash flow, and potential for future growth when investing in industrial real estate.
- The industrial real estate market in the Pacific Northwest is expected to continue to perform well, driven by factors such as e-commerce and the need for greener and more efficient buildings.
36: Covered & Invested: Strategies for Real Estate Success
WSREIP: Your Gateway to Real Estate Success in Washington State
02/21/24 • 36 min
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
40: Julia Pardo joins WSREIP as co-host: The Journey of a House Hacker and Landlord
WSREIP: Your Gateway to Real Estate Success in Washington State
05/15/24 • 28 min
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.
39: The Importance of Marketing and Sales in Wholesaling
WSREIP: Your Gateway to Real Estate Success in Washington State
04/24/24 • 27 min
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
33: Building a real estate portfolio of over 80 units since 1989 in Pullman, Washington
WSREIP: Your Gateway to Real Estate Success in Washington State
01/03/24 • 45 min
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 well as staying current with technology to streamline operations. He also discusses the learning curve involved in building rental properties, including zoning and financing considerations. John's key advice for new investors is to start with a duplex and live in one unit while renting out the other (house hacking). He also highlights the benefits of networking and finding off-market deals. Looking ahead, John plans to continue managing his properties and eventually pass them on to his children.
Takeaways
- Start with a duplex and live in one unit while renting out the other (House Hacking)
- Build relationships with contractors and other property owners in your community
- Stay current with technology to streamline property management
- Consider the learning curve involved in building rental properties, including zoning and financing
- Persistence is key in real estate investing
- Explore opportunities in smaller markets outside of major cities
- Have a long-term vision and exit strategy for your real estate portfolio
Chapters
00:00 Introduction and Background 03:09 Property Management and Scaling 08:00 Importance of Customer Service and Technology 12:26 Learning Curve in Building Rental Properties 21:20 Lessons for New Real Estate Investors 27:42 Future Plans and Exit Strategy
38: Non-Traditional Lending with Builders Capital
WSREIP: Your Gateway to Real Estate Success in Washington State
04/03/24 • 27 min
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.
34: Rental Rundown: Kenmore's Insights on Tri-Cities Growth
WSREIP: Your Gateway to Real Estate Success in Washington State
01/17/24 • 28 min
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-party rental properties, but also has plans to expand their own portfolio. They utilize technology, such as AppFolio, to streamline the leasing process. Kenmore Team Property Management focuses on supporting homeowners and ensuring their properties are well taken care of. They provide insights into investment opportunities in the Tri-Cities and highlight the importance of updates like stainless steel appliances and hard surface flooring. The company has plans for future growth and aims to provide excellent service to their clients.
Takeaways
The Tri-Cities area is experiencing growth in industries such as agriculture, wine, medical, and technology. Investors looking to expand their portfolio in the Tri-Cities should consider areas like West Pasco, South Richland, West Richland, and West Kennewick. Upgrading appliances to stainless steel and installing hard surface flooring can attract tenants and increase rental value. Kenmore Property Management differentiates itself through its team environment, specialized professionals, and use of technology. The company aims to provide excellent service to homeowners and plans to expand its own rental property portfolio.
Chapters
00:00 Introduction to Kenmore Property Management 01:15 Current Trends in the Tri-Cities Area 03:15 Industries and Growth in the Tri-Cities 07:37 Differentiation of Kenmore Property Management 08:24 Ownership of Rental Properties 09:07 Role of Technology in Property Management 10:21 Supporting Homeowners and Property Care 11:14 Investment Opportunities in the Tri-Cities 16:27 Working with Out-of-State Investors 17:37 Tenant Trends and Property Updates 20:40 Future Growth of Kenmore Property Management 21:20 Contacting Kenmore Team Property Management
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FAQ
How many episodes does WSREIP: Your Gateway to Real Estate Success in Washington State have?
WSREIP: Your Gateway to Real Estate Success in Washington State currently has 44 episodes available.
What topics does WSREIP: Your Gateway to Real Estate Success in Washington State cover?
The podcast is about Investor, Entrepreneurship, Investing, Podcasts, Realestate and Business.
What is the most popular episode on WSREIP: Your Gateway to Real Estate Success in Washington State?
The episode title '30: Data-Driven Decision Making: Leveraging Technology for Intelligent Real Estate Investments' is the most popular.
What is the average episode length on WSREIP: Your Gateway to Real Estate Success in Washington State?
The average episode length on WSREIP: Your Gateway to Real Estate Success in Washington State is 32 minutes.
How often are episodes of WSREIP: Your Gateway to Real Estate Success in Washington State released?
Episodes of WSREIP: Your Gateway to Real Estate Success in Washington State are typically released every 14 days.
When was the first episode of WSREIP: Your Gateway to Real Estate Success in Washington State?
The first episode of WSREIP: Your Gateway to Real Estate Success in Washington State was released on Dec 2, 2021.
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