Washington - New member seeking connections?

[Aaron Klein]

Hey BP'ers!

I just moved to Whatcom County, and I'd like more insight into the area, timing, investor outlook etc. I'm currently house hacking my condo I bought on seller financing, and I'm sourcing leads for SFR/MFR and Complexes. What's your primary focus and what areas do you like best?

Thank you in advance,

Aaron Klein

[Patrick Britton]

@Aaron Klein The areas you should focus on will vary depending on what your immediate and long-term plans are.  As an example, I am currently helping about a half dozen other investors purchase a multifamily property right now, and despite the fact that they all live in Whatcom County, they are all looking for something a little different.  Some people intend to live in one of the units while others don't.  Some people are more focused on immediate cash flow and some are more interested in long-term appreciation.  Some people need a very specific return on investment or net cash flow per unit, others just want something that "pencils."

Unfortunately, there are not very many amazing deals to be found in Whatcom County right now.  Don't get me wrong, there are some really good ones but they represent only a very small fraction of what is available.  Skagit County is a fair bit better but again, properties that are truly decent opportunities are few and far between.

Lately, I've been having a lot more luck finding multifamily properties off market.  Drop me a line if you want me to send some specific examples.  

And to answer your question I would need a few more details about your plans.