Cash Flowing Areas in Washington State

[Ryan Rupe]

Hi Guys!

Just moved to Kent area, Washington in November, new Job, and everything’s going well so far.

Looking to start a conversation specifically about Washington State in regards to hot Cash Flow potential areas in the Multifamily space.

Our plan is to sell my Alaska Home in May-ish, then use that money to invest in likely a Duplex/Triplex. I have been practicing running my numbers, and have been looking at areas like Tacoma.

I should have about 35k after my Alaska Home Sale to invest towards a multifamily, are there any particular areas that any of you have had great success in the multifamily space, resulting in healthy cash flow?

Thanks BP Fam!

-Rupe

[Jake Alger]

Hi Ryan,

As others have mentioned, try focusing outside of Seattle a bit. Tacoma has some cash-flowing properties but most multi-families in the region have been overpriced the past few years. That doesn’t mean deals can’t be found, but expanding out to other areas north of Seattle or even east will give you more options. I recently did a deal on a fixer duplex in Wenatchee that will rent for a good cash flow. I’d be happy to chat with you further. Feel free to reach out!

- Jake