Rental ROI Bellingham, WA vs Surrounding Areas

[Aron Vesper]

Hey All,

I'm looking at getting into purchasing my first multi-family residence in Bellingham, WA. I'm curious to hear what everyone's thoughts are on the Bellingham market?  I've been running the numbers, and to me it seems to make more financial sense to purchase a multi-family property in the Mount Vernon or Oak Harbor area.  Looking at the multi-family properties available, I feel like the Bellingham market is overpriced at the moment. Agree/Disagree?