36: Covered & Invested: Strategies for Real Estate Success
WSREIP: Your Gateway to Real Estate Success in Washington State
Release Date: 02/21/2024
43: Maximizing Cash Flow with Vacant Units
WSREIP: Your Gateway to Real Estate Success in Washington State
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 potential for forced appreciation. Julia highlights the significance of location and cash flow in her investment decisions. They also discuss the importance of finding properties with vacant units and setting the rent at market value. They talk about the...
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42: Exploring the World of Industrial Real Estate in the greater Seattle area
WSREIP: Your Gateway to Real Estate Success in Washington State
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...
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41: Accelerating Progress Towards Financial Freedom - A Coaching Session
WSREIP: Your Gateway to Real Estate Success in Washington State
This episode brought to you be 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...
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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
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...
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39: The Importance of Marketing and Sales in Wholesaling
WSREIP: Your Gateway to Real Estate Success in Washington State
Thank you to 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....
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38: Non-Traditional Lending with Builders Capital
WSREIP: Your Gateway to Real Estate Success in Washington State
Thank you to our sponosor 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...
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37: The Evolving Landscape: Trends and Trials in Property Management and Acquisition
WSREIP: Your Gateway to Real Estate Success in Washington State
Episode Sponsor: 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...
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36: Covered & Invested: Strategies for Real Estate Success
WSREIP: Your Gateway to Real Estate Success in Washington State
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...
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35: The Ins and Outs of 1031 Exchanges with Sloan Kimball
WSREIP: Your Gateway to Real Estate Success in Washington State
Thank you to our sponsor: Episode Summary: In this episode of the Washington State Real Estate Investing Podcast, Jeff Utecht welcomes Sloan Kimball, CEO of , to demystify the complexities of 1031 exchanges. Sloan, with his deep roots in real estate and financial expertise, unravels the concept, benefits, and strategic application of 1031 exchanges for real estate investors looking to grow their portfolios without the burden of capital gains taxes. Key Points Discussed: - Sloan's Journey: From a CFO to CEO of Northwest Exchange, Sloan shares his transition into the realm of real estate...
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34: Rental Rundown: Kenmore's Insights on Tri-Cities Growth
WSREIP: Your Gateway to Real Estate Success in Washington State
Thank you to our sponsor 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...
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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