Multi Family Spokane

[Mike Naccarato]

Hey guys I was just curious on finding someone in the Spokane area who is very familiar with house hacking a MFH for my first purchase. I am also curious on your opinions on using retirement money to help fund the first deal if it presents itself? Thanks, and I hope everyone's 2020 is going well so far! 

[Phil Wells]

Properties values up 20% YoY, strong rental market, a new Amazon fulfillment center, expansion at the AFB, job growth, need I go on? There's a ton of reasons to invest in Spokane, so I'd say you're smart to be considering it.

I'm working with a few investors right now in the Spokane market, some looking at the MFH house hacking approach, some looking at the SFR BRRRR approach. Both are great strategies in this market. MFH are out there but are significantly less common than BRRRR suitable properties.

Finding off market or pre-market deals is the way forward when it comes to MFH house hacking. This allows you to get ahead of the MLS feeding frenzy.

In terms of using your retirement funds to fund a purchase - people do it all the time but I'd consider speaking to a Financial Advisor before you pull the trigger.