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Updated about 6 years ago,
Chehalis/Centralia, WA multifamily investments?
I currently have one SFR (a BRRRR!) in addition to my primary. I had been focusing on finding a small multifamily (to start!) in the Tacoma/Oly area, but it seems like everyone else has the same idea! With my current budget, that area is seemingly very hard to break into right now.
With that being said, I’m thinking of looking in the Chehalis/Centralia area. I feel like it’s similar to @Brandon Turner target area over in Aberdeen, in terms of economy (pretty stagnant!) and socioeconomic factors. I realize that there probably won’t be much appreciation on the property (also like Aberdeen), but forcing some appreciation through updates and following the 7 Steps to 7 Figure Wealth strategy is my current goal.
I've looked at listings in the Chehalis/Centralia area, and although there's not a lot of small multifamily at the moment, they do come up in my price range.
Is this a good idea? Any thoughts of “run far away!” from anyone?
So, also, does anyone have a good, investor friendly Lewis County realtor?!