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Updated over 4 years ago,
Spokane WA - looking for PM company & local market experts
Hello BP nation. I'm from Seattle area and looking to buy a duplex investment property but 99% of such properties in Seattle area are overpriced, rents below market, barely braking even, and still getting too many offers within a couple days. So I'm having a hard time to find something decent, within budget, and low competition. I keep looking though.
Anyway, I started looking at other markets in WA and there are some opportunities in Spokane and Spokane Valley that offer better rent potential, newer buildings, and similar purchase price levels as in Seattle area. I'm wondering how good is appreciation in Spokane and how is the rental market doing?
I'm now looking to connect with a reputable property manager in Spokane area, please send some referrals.
Also, if anyone here lives in Spokane and knows the neighborhoods, I would love to chat and see what are some of the good and bad areas.
If there's a hero who'd be willing to do a drive by area check and report back that would be amazing. These two duplexes I'm looking at are located just east of Underhill park and South of Costco on Sprague Ave. For some reason I have a feeling that these duplexes are in a A-B class development surrounded but C class neighborhoods, but I might be totally wrong.