Anyone finding deals in or around the Hilltop area?

[Natalie Novak]

I'm starting to feel like my husband and I are really late to the party. We have lived in West Seattle for ten years and have accumulated enough savings to buy our first investment property. We have enough of a down payment to go up to $300k, but we were looking to stay in the $200-250k range. We have excellent credit and have already been pre-approved. We have been looking around Hilltop because there are listings in or close to that range and having an old home ourselves we hold a certain love for older homes, but talking to some of the realtors it seems like they are going much higher than listed price? We were told yesterday that a home around L street was listed at $270k and it went for $370k cash. I'm wondering if we should move on to looking out of state even though we'd prefer a rental close to home. For those of you investing in that area or are trying to invest have you seen any deals or is it ultra competitive? We have family just outside of Austin where there are lots of houses in our range and I think that area will continue to rise so we're debating just moving on to looking there.