In today's episode, special guest Tyler Tachell, we discuss the state of the housing market in Seattle & navigating the issues of rates + inventory, insider knowledge about inspections + costly mistakes, building a successful real estate investment portfolio even on the side by leveraging your time + debt, and what to find the right markets to invest in.
00:00 - Intro
00:33 - State of the Seattle housing market
02:50 - Lessons from 3 current buyers under contract
05:00 - Golden opportunity now
08:00 - Only thing certain in this market
09:34 - Our predictions
13:03 - Insights from 100+ inspections
16:07 - What's covered vs. not in an inspection?
17:52 - Knowing the cost of construction & improvements are crucial
20:50 - DIY construction mistakes
22:38 - Difficulties of a fixer upper home
23:20 - Tyler's story
26:38 - Home inspecting as a side gig
27:32 - Buying the first investment property
31:56 - House hacking
33:12 - Owning 10+ properties through leverage
34:43 - Only 2 heavy hitters in real estate
35:02 - How to benefit from debt
36:46 - Rule 72
40:00 - Real estate investing mindset
42:10 - Tyler's favorite housing market for investing now
43:00 - 3 things to look for when investing out of state
For more about Tyler and To the T Home Inspections: https://www.ultimatehomeinspector.com/
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Seattle Living & Wealth Building is produced by Wagner Real Estate Group which is based in the Seattle, Washington area. With over $300 million sold in the last 6 years, plus 17 years of total experience, we thrive to provide exceptional real estate services in an innovative, collaborative, and positive-minded team approach.