Single Family homes available in Seattle?

[Karen L.]

Hi

I'm a newbie and interested in the Seattle area. Are there any worthwhile neighborhoods or areas in & around Seattle that have cash flow or are good passive income generators?

[Alex Chin]

@Karen L. - I am going to echo what @Lane Kawaoka said and add that while you may be able to find the occasional cash-flow property, it is not possible to consistently add to your portfolio here. Neighborhoods where traditional buy-holds are more palatable are generally either north in Snohomish County, or south of Seattle.

Personally, I like Tacoma for slightly riskier, but higher reward type properties. Renton is on the cusp of joining Seattle-Bellevue I think. Kent-Auburn will provide unspectacular, but solid targets for an SFR investor.

I would also take a look at Burien, Des Moines, and Federal Way. Never studied the area myself, but have heard good things from others.