Clarkston, Washington/Eastern Washington

[Alan Reza]

I have listened to about 53 out of the 173 podcasts. I have come to the realization as a Southern Californian living in Orange County that it makes more sense to buy out of state.  Yes, I realize the appreciation in California makes more sense, but when 1 bedroom crappy condos in bad parts of Anaheim and Santa Ana are going for $235,000 there is no way the 2% rule would work today unless you put some huge down payment.  

When I hear success stories on the podcasts of investors like Dawn Anastasi buying properties for $35,000 and renting them out for $700 a month or Ryland buying properties in Tacoma for $65,000 it definitely has enticed me to look outside California.  I know Brandon Turner also invests in Washington so if either Brandon or Ryland have any thoughts on Clarkston Washington or cities close to this area I would love some advice.

I wanted to know if there are any real estate investors who have bought buy and hold properties in Clarkston,Washington or close to that area.  My mother and father in law are originally from Orange County, California but relocated to Clarkston, Washington about 10 years ago.  They live about 35 minutes from Washington State University.  I wanted to see if there are any real estate agents that know the area.  My wife and I are going to be visiting for a week in June and I was hoping to scout the area and see if I could find any deals to buy and hold.  I could have my mother in law be the boots on the ground. She has excellent social skills and would do a good job of PR to find tenants to occupy the property.

[Kyle Fickenwirth]

@Alan Reza

Well, Alan. There aren’t too many investors in the LC Valley that are also on Bigger Pockets it would seem. My wife and I are actively buying and managing rentals her in Lewiston and Clarkston. Honestly, it’s a pretty great market for rentals. Rents keep climbing because inventory is so low for rentals. Vacancy of rentals in the valley was recently reported to be at zero percent. It looks like it’s been a while since you were last looking for real estate here in the LCV, but I’ll say that now is an even better time to start investing out here in my opinion. My wife is a licensed real estate agent in Idaho and Washington. We also manage properties for other out-of-town investors.

If you are still interested in the LCV, I think we should definitely talk.