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Updated almost 7 years ago on . Most recent reply

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28
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11
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Awet Hagos
  • Investor
  • Tacoma, WA
11
Votes |
28
Posts

1% Rule in Tacoma, WA

Awet Hagos
  • Investor
  • Tacoma, WA
Posted
Hey all, I’m a new investor and live in the Tacoma, WA area and looking to get started in multi-family investing. Is the “1% rule” possible in Tacoma for MFH, without doing a major rehab?

Most Popular Reply

User Stats

94
Posts
40
Votes
Brandon Cravens
  • Investor
  • Houston, TX
40
Votes |
94
Posts
Brandon Cravens
  • Investor
  • Houston, TX
Replied

I bet that will be hard to find even with a major rehab. 1% rule is 10 Cap + or thereabouts. Tacoma multifamily is trading around a 5 Cap.

If you find anything 7 or 8 Cap with only minimal rehab or lost to lease I think it would be a fantastic deal and if you don't want it send it to me! 

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