All Forum Posts by: Matt A.

Lan,

We (wife and I) are intrigued by the gentrifying areas near us. If you know West Seattle, California Ave, 35th Ave, and 16th Ave define transitional zones in values. Things are pushing towards White Center gradually over the 9 yrs I've lived here.

We are willing to pay the premium for these areas which may be more consistent and stable in appreciation than the Burien and White Center type places....

I am new to REI. I live in Seattle and am interested in buy and hold. My market has variable price points of entry...for those who know the area, comparing Alki Beach to Renton/Burien.
It seems that rents and property values diverge as the numbers go up (moving below the 1% rule). Is this market dependent or more consistent across the country?
This article below got me wondering if rental income producing properties are a less viable option for us.
I appreciate your thoughts.
http://seattlerealestateinvesting.com/why-you-shouldnt-buy-seattle-real-estate#

Ned- is that because it is just barely over the 1% rule, or is there more to it than that?

Thanks hopefully I can make it down to Tacoma next mon
Matt

Thanks Paul.

One of our VRBOs was on Whidbey (beachfront right near the Clinton Ferry), stayed there when I ran the Whidbey Island half Marathon. My wife has on and off talked about Whidbey or one of the San Juans as a site for a vacation rental.

Is your current vac rental local in WA?

Hello all,

I have lived in Seattle since 2004. My interest in RE investing grew out of the habit of renting vacation units by owner during family trips. My wife and I thought this would be a great way to maintain a vacation property for our use, as well as generate cash flow.

That prompted more research which led me to BP. I've been listening to the podcasts and watched the youtube channel. I'm still early in my "homework" but have been reading actively and trying to soak up knowledge.

My wife and I are primarily interested in vacation units and long term rentals. If anyone knows West Seattle, we like the Alki Beach area due to its proximity and desirable location. I work a secure job with a good income to support our investing.

I see there are several people here from WA and am looking forward to hearing your experiences.

Matt