All Forum Posts by: Richard Rinehart

Tim, 

If you adjust your cost per unit, as Dan suggested, you can find some multifamily residential (triplex, fourplex) in Everett and Tacoma. And you may get better financing. 

 Yakima offers good values, Enrique is the guy to see there.  I think Spokane has many good values but I have no good contacts there.  

Your profile says you're from Roseburg.  Have you considered investing closer to home?  I have found several good values in the Willamette Valley (Eugene to Corvallis and Salem). 

I would be glad to talk with you about any of those markets. 

Richard 

@Chris Falk

Thank you for the additional perspective. 

@Josh Jacobsen  

There are many apartments available in the Seattle-Tacoma-Everett market area.  Many of them will meet the bigger the better creiteria.  Please private message, email or call me to discuss the opportunities. 

Richard

Great info @Patrick Britton  thank you

So if vacancy rates are 2% or less in the summer and fall; how high are they in the winter and early spring?  Also what is the season: April through October, or May through September?  How do you plan for this as a landlord and are there properties and strategies you use to minimize the effect of a migrant workforce?

Hello Spokane members!  Although I don't think I can make it to your meeting this month I would like to stay in touch with the group.  I have been looking at your market for some time and I am very interested in making contacts and investing there.

Richard

Great discussion. I have been considering investing out of state and like the mid-west.

 It helps to know the neighborhoods from a locals perspective.  

I am curious @Account Closed why Indianapolis and Birmingham?

I seen this article in the Yakima Herald yesterday and was wondering what some of our Bigger Pocket members that know the market thought.

http://www.yakimaherald.com/news/business/multifam...

Welcome Steve, 

I like the Lakewood market for multifamily.  Have you heard of the Bigger Pocket meet ups? Check with @Kevin Carbon, he organizes the Lakewood area meet up. 

Good morning @Rachel Luoto,

Don't get discouraged.  There are parts of Washington that you can find reasonably priced properties that cash flow very well.  There are a number of properties in Grays Harbor County near @Brandon Turner and Yakima near @Erik Gray as well as other parts of the state and NW.

You can private message, email or call me (contact info in my profile) if you want to discuss your goals and get some ideas on ways to reach them.  

Best of luck on a prosperous 2016!

Richard