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Washington Real Estate Q&A Discussion Forum
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Updated almost 4 years ago on . Most recent reply

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23
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20
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Lara Nicole
20
Votes |
23
Posts

Overpriced Multi-Family listings in Wa State

Lara Nicole
Posted

I've noticed a steady increase in Tacoma, Vancouver & Olympia MFs to the point where these properties don't even come close to meeting the 1% rule & would actually be breaking even or taking a loss if purchased.

Are there any other cities/counties where there's still some prospects for healthy cash flow?

Most Popular Reply

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9
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15
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Jon Weber
  • Rental Property Investor
  • Everett WA
15
Votes |
9
Posts
Jon Weber
  • Rental Property Investor
  • Everett WA
Replied

I have never found a 1% return in WA over 20 years investing. WA is all about appreciation. If you are young sitting on a property for 10 years can really work out for a 1031 exchange into a market out of state that hits the 1% rule.

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