Deals Deals Deals........Seattle Sounding Areas

[Kaelyn Hearn]

Hey BP friends,

How are you finding your deals in this market? I'm a new real estate agent and have access to the mls but everything that comes up are not deals. I'm looking for a house hacking deal on a duplex, tri-plex, or 4-plex. 

[Account Closed]

I bought in Burien in 2013 so I was lucky in that aspect. The same property would never cashflow now. I don't think having access to the MLS is going to help you much in this market unfortunately. Especially in Seattle.

I believe the people getting deals today are networking with wholesalers and/or doing their own marketing campaigns to find value add deals off market. People that need out of their mortgages, houses that need work etc. I've been looking for properties out of state in the Midwest, and even though the cashflow situation is better there I've come to the conclusion that I need to focus on networking more than scouting the internet for properties.

If there's anywhere in the Puget Sound where there is still some margin for profit it may be Tacoma, and the rest of Pierce County. Still cheap houses on the South/East sides