Tacoma, WA Multi-Family

[Michael Tan]

Good evening and hope everyone is doing well! I'm new to BP and wished I found it sooner. So much amazing stuff on this platform. My wife and I recently relocated from the east coast to Seattle about a month ago. We are eagerly expecting our first little one in a few months and really excited to put down roots in this beautiful city. Everyone is talking about the coming housing correction but I think Seattle has very strong fundamentals that it will be able to weather the storm quite well. We're looking forward to buying our first real estate investment property together and we're both on board with doing a house hack to get us started and on our path to financial freedom. We're not very familiar with the city and have been pretty much isolated to the First Hill area where she works and where we currently rent.  The areas around us are really nice but just so expensive to get anywhere close to breaking even through house hacking. We've been eyeing West Seattle due to the relative affordability and landscape but her colleagues cautioned us not to live anywhere where we need to cross a bridge to get into the city due to the traffic. I've been toying with the idea of Tacoma (even though it's seems so far away) but real estate is so much more cheaper. I grew up in a big city so long commutes (i.e. 1hr +) is normal for me. Also a good portion of the city has beautiful views of the Seattle skyline. There seems to be ALOT of multifamily properties for sale there. Could any local share their honest opinion on living and investing in Tacoma? 

Many thanks and happy holidays to all!

Michael