New to BP in Leavenworth, WA

[Sydney Groen]

Hi there Bigger Pockets Peeps!

I have been enjoying reading the blogs and forums for a few months now and thought it was the time to start interacting with all you inspiring people!

I am a kid-less, married, 20-something, who just started my second year as a real estate agent. My partner and I house-hacked to get into our first home about 3 years ago which we now share with 2 wonderful roommates. I never would have thought it would be possible for us to build over 200k of equity in 3 years while only paying about $400 monthly for our living expenses! I have the bug! 

We are building steam (and cash) to get into our next investment! We like the full-time rentals and think a duplex could be a great next move! However if the right vacation rental came along we'd be on board. We are opportunists after all.

Leavenworth is a tourist town, the second most popular destination in WA (Pike's Place is #1). We get over 3 million visitors a year. For a town that has 2,500 residents, it is pretty unique! About 40% of the homes in the area are second homes and many of those are used as VRBO, AirBnB, Etc. Prices are also high compared to surrounding areas, and investors from the Seattle area create a lot of buyer competition. 

All that being said, I lean toward full-time rentals! I haven't seen much on here about vacation/nightly rentals; any thoughts?

Best,

Sydney Groen