1st real estate deal advice. MT or WA Market

[Anna Martinson]

Hello,

I want to get into real estate. I graduated university Aug 21 and now have a 'big kid' job. I have ties in both Bozeman, MT and Port Orchard, WA area and would like to invest in one of those markets, since I live in one and visit the other often and have family there. Is either market more 'newbie' friendly? I would be looking to do a house hack or a long term rental. General advice is also appreciated.

Thanks!!

[Kristel Daugherty]

@Anna Martinson - congrats on making the decision to get out there and start investing!

I do a lot of business in Kitsap County, and Port Orchard is a very hot market. Getting a property may be more competitive than you'd expect. Not to dissuade you, but to give you the information that you need to make a decision. However, I do see a lot of house-hacking opportunities overlooked. I talk to a lot of folks looking for multi-family, and see a huge opportunity in buying a 4 or 5 bedroom house and renting by the room. With the Navy, shipyard, and commuters in the area - there's a lot of potential renters looking for a "deal" that would still provide you with ample profit margin.  The appreciation in the area is also huge (about 16% last year alone), and without massive building taking place I think we'll continue to see housing shortages drive appreciation in continuing years.