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

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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

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, 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 investment and 1031 exchanges.

- Understanding 1031 Exchanges: Sloan breaks down the mechanics of 1031 exchanges, explaining its significance in deferring capital gains taxes and its historical context.

- Strategic Advantages: The conversation highlights how 1031 exchanges serve as a powerful tool for real estate investors, allowing for the seamless transition of investments from one property to another while keeping the capital gains tax at bay.

- Navigational Tips: Sloan offers invaluable advice on navigating the intricacies of 1031 exchanges, including the critical roles of timing, property identification, and maintaining investment property status.

- Common Misconceptions: The duo addresses widespread misconceptions and challenges investors face, shedding light on the practical aspects and potential pitfalls in executing a 1031 exchange.

- Future and Advice: Sloan provides insights into the evolving landscape of real estate investing and the enduring relevance of 1031 exchanges. He also shares practical advice for both seasoned and first-time investors contemplating utilizing 1031 exchanges.
Closing Thoughts:
Sloan Kimball’s expertise and Jeff Utecht’s curiosity unravel the complexities of 1031 exchanges, providing listeners with a comprehensive understanding and actionable insights. For anyone looking to leverage real estate investments, this episode is a treasure trove of knowledge, demystifying the process and highlighting the strategic benefits of 1031 exchanges.
Contact Information:
- For more insights on 1031 exchanges, visit Northwest Exchange at nwexchange.com.
This episode is a must-listen for real estate investors aiming to optimize their investment strategies and navigate the tax implications with confidence.

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