New to Spokane-What’s the market like here?

[Tiffany Bishop]

Just moved to Spokane. The market was quite hot for purchasing our own personal home. What’s it like for investing? If you live in Spokane, what kind of investing do you do? We just moved from Utah but our rentals are all currently long distance so moving didn’t make much of a difference there.

[Aaron Farr]

Hi Tiffany, welcome to Spokane!  I believe Spokane is on the rise and will continue to trend that way for the foreseeable future.  It's not much of a hidden gem anymore and therefore a lot of people are moving into the area.  Both for jobs and quality of life.  With the low inventory we are experiencing it does make it more difficult to find deals.  The key is to either: 

A. Do your own marketing to owners of homes to try and drum up a deal for yourself.  Essentially market like a wholesaler but the intention isn't to wholesale. 

or

B. Work with a realtor who isn't just relying on the MLS. I would say 70% of the deals that I find for my investor clients are off-market deals I come across from my connections.

I've personally flipped about 12 houses over the last couple of years and have now moved into development.