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Aaron Miley

As seen in: BiggerPockets
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Articles by Aaron Miley

Excise Tax when wholesaling in Washington State

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By Spencer Bowen, Aaron Miley, Duane Ortega
| BiggerPockets Verified
Dear Washington state wholesalers , I was just reading through the RCW on excise tax and found this little nugget below (RCW 458-61A-104 para (1)(b)). Can anyone help me understand paragraph 1(b)? It seems like if I sign a contract with a seller for a price, say $100,000, and then assign the contract for $10,000 to another buyer, excise tax would be due for $110,000. Is that what this is saying? If so, what other ways to execute an assignment could avoid this tax? Thanks! Spencer (1) Purchasers.
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Spokane REI Group Meetup

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By Aaron Miley, Landon Eskew, Brody Jett, Jayson Cornwell
| BiggerPockets Verified
Hello Everyone! Finally have a fixed computer & new phone. Exciting to be back on BP! After working with our local Keller Williams office and an great investor friendly agent, we've finally organized a monthly meetup in the downtown Spokane, WA area! Our first meeting will be at the Keller Williams training room in downtown Spokane. The exact details are below. Spokane REI is a non-sales oriented real estate investors group. Our focus will be on education and networking.
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SFR conversion into duplex?

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By Alex Chin, Steve Kuzmer, Aaron Miley, Ryland Taniguchi
| BiggerPockets Verified
Hi BP friends. I have an idea to throw out there and get some feedback on. I am in the Tacoma / Puyallup Washington market and we are facing a rental shortage in my area. Rents seem to be moving up apartment complexes are taking deposits just to get on a waiting list. Anything that becomes available is usually gone within 24 to 48 hours. My idea is to buy a small single-family house in the $150k to $200k range and add a duplex on it. Most of these houses are about 900sqft.
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