Aberdeen WA investing

[Benjamin Chen]

Hi everyone,

I would like to hear the experience from anyone who invests in Aberdeen, WA currently. I wanted to get a gauge on how the market there is performing right now. Has Covid been a significant factor recently in the amount of delinquency in collecting rent?  Have there been high vacancies or difficult tenants in this market?  We are interested in investing there, specifically in a multifamily property. Anyone willing to give advice about a specific property there?

@Brandon Turner I know invests in Aberdeen! 

Thanks,

Ben

[Scott Egbert]

Aberdeen market has gotten a lot more expensive! There are still deals there of course. Vacancy is not a problem because inventory is low. Unless you overprice. Their are pockets of bad neighborhoods and they can change by the block so be careful. You should know where "felony flats" is. Flood zones are changing also ;). I know another landlord in the area and he doesn't go into certain houses in certain neighborhoods without his pistol. If you buy right you should be good but you could always just wait for the market to tank?

I'm chasing Mobile Home Parks myself. We get more off market deals under contract than we know what to do but not usually in Aberdeen. Good Luck!