Seattle market?

[Account Closed]

Is it just me or is the seattle market a hard market to cash flow? I mean even kent/renton, auburn, Des Moines to even north seattle, all the markets seem expensive. I always see people post about buying a duplex for like 150k or something and here in seattle that's a joke lol. The only duplex for sale in my area which is kent/renton is for 499k lol. Try to cash flow that? Lol I buy and hold single families. I always buy about 2000 sf and rent for about 2k a month. I usually buy newer and around 200k-250k. I've bought several since 2009-2014. But now I'm looking for more, and finding anything under 300k is hard. Anyone else in the seattle area seeing the same struggle?

[Andrew Hill]

-Broker here! The MLS has a great tool that allows automatic searches with certain criteria which can save a lot of time searching for good deals (i'd be happy to get anyone set up in good faith, just shoot me a PM)

-Take a look at Citybldr.com , A good resource for finding offmarket property values and what they could potentially be worth to you as an investor. 

-Partner with a Broker. Good brokers have good relationships with their communities and can be of good use. I know people want to eliminate as many costs as possible and dealing with brokers can be costly at times. If you work with someone like myself who doesn't have to adhere to the commission rules and such set forth by these corporate brokerages, you can save yourself some coin and help things pencil out. 

- Condos. If you can find a good condo with a decent HOA, you can sometimes find a good return. There a plenty of good deals in the Seattle area.

-Auction. Just helped a client acquire a home for 75k in tacoma, did about 30k in rehab and he opted to sell for 175 but holding is always an option. 

-For buy and hold investors I say listen to the politicians and follow the money. Things like ST3 and and the community hubs that the mayor is proposing. There are areas that are relatively cheap now that won't be in the future. 

Best of luck to all! Feel free to PM me!