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Updated almost 4 years ago on . Most recent reply

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Anjoli Elizabeth Rowe
  • Rental Property Investor
  • Madison, WI
10
Votes |
15
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Moving to / Investing in Bremerton, WA

Anjoli Elizabeth Rowe
  • Rental Property Investor
  • Madison, WI
Posted

My husband and I temporarily relocating to Bremerton, WA (PCSing with the Navy, will be there 14-16 months) toward the end of 2021. I am trying to learn about the market there and get a jump on finding a good deal or two as early as possible.

We will need a new primary residence, which we would like to be a good enough deal that we can turn it into a long-term rental when we leave.

We would also like to find an investment opportunity for while living there, whether it's a separate property or on the same property. Obviously, a MF property would be ideal since we won't be there long-term and don't have a lot of stuff needs for our primary residence.

Note: My schedule is flexible and I can spend time out there working on a property long before our official relocation.

We are open to all possibilities, though BRRRRing looks like maybe the best bet. We've even looked into the modular (not manufactured homes, just modular) builds though.

Looking for all insights! Recommended online resources for investigating what areas are good/bad out there? Real estate agents who are fantastic with investors? Information on property appreciation over the past few years and expected appreciation over the next several years? Ideas on best approaches in our search with rental market in mind?

Thank you!!

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706
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2,534
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Michael Haas
#3 Multi-Family and Apartment Investing Contributor
  • Real Estate Agent
  • 🌧️ Seattle Investor & OG HouseHacker | 🤑 Helped 90 Clients HouseHack | 🏘️ Own 17 Rentals & 5 Airbnbs | 🏗️ Built 5 DADU's
2,534
Votes |
706
Posts
Michael Haas
#3 Multi-Family and Apartment Investing Contributor
  • Real Estate Agent
  • 🌧️ Seattle Investor & OG HouseHacker | 🤑 Helped 90 Clients HouseHack | 🏘️ Own 17 Rentals & 5 Airbnbs | 🏗️ Built 5 DADU's
Replied

@Anjoli Elizabeth Rowe we lived in a Tiny House in California for about a year and a half - it burned up in the most recent St Helena / Napa fires, and we're in the process of rebuilding it (on insurance's dime at least!) now. 

Tiny houses are lots of fun, but work best as STR's outside of town. Cities like Seattle and elsewhere have already banned them as both short term rentals and they've always been illegal as long term rentals.

Would love to talk to you more about Tiny Houses - I haven't met that many tiny-housers or aspiring-tiny-housers up here! We have a family now, so moved out of the tiny house but have been Househacking SFH's w/ ADU's and DADU's since then, currently on Househack #4.

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HouseHack Seattle
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