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Updated almost 7 years ago on . Most recent reply

User Stats

78
Posts
9
Votes
Conor Kelly
  • Real Estate Agent
  • Abbotsford, BC
9
Votes |
78
Posts

looking to invest in tacoma WA

Conor Kelly
  • Real Estate Agent
  • Abbotsford, BC
Posted

Hi BP!

I am a new investor from  vancouver, BC. I just bought my primary residence 6 months ago and now im looking to try and pickup my first cash flowing investment property! I realize that the Tacoma market may not be as attractive as markets in kentucky, Cincinnati, ect. The fact that Tacoma is only 4 hours away from where I live makes me feel much more comfortable however. The price to rent ratio here in Vancouver is very unprofitable. I'd love to connect with an agent who thinks they might be able to help me out! My goal would be to buy property(s) following all the basic rules that the BP podcast adamantly preaches (1% rule, purchase price 80cents on the dollar, room for improvements). I'm aware that the 1% rule in Tacoma is starting to become unrealistic but its a hell of a lot better than my market! Also, If you have a preferred lender I'd love to get in contact with that person as well.

Thanks guys!

Most Popular Reply

User Stats

378
Posts
247
Votes
Christen G.
  • Rental Property Investor
  • Seattle, WA
247
Votes |
378
Posts
Christen G.
  • Rental Property Investor
  • Seattle, WA
Replied

Welcome Connor. I own a few MFH in Tacoma and my agent Aaron Nelson was an invaluable resource and great to work with. There are still deals to be had in Tacoma if you have the right team and approach. Best of luck.

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