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All Forum Posts by: Weijia Yu

Weijia Yu has started 1 posts and replied 2 times.

Originally posted by @Sherief Elbassuoni:

@Weijia Yu, there are some properties that meet that criteria, but they are rate. House hacking for a single family house may be one of the way to achieve thar rule. Keep in mind that the Greter Seattle market lean more towards appreciation more than cash flow compared to other market. That said, good deals are still out there, but just hard to find. Let me know if you have questions and we can chat more.

Thanks for replying. I don't mind looking at other areas within 3-4 hours drive. However, even I look at Spokane and Yakima, at a glance, they are all like 250k price with 1.5k rent. So I guess I will first try contacting wholesalers to see there is usually 1% rule deal existing in the Washington state.

Context: 

I live in Seattle and plan to start BRRR investment. However, I couldn't find any public 1% rule deal in Washington state, even in Spokane.

Question:

Is it realistic to find properties that meet 1% rule in Washington state? If yes, should I try more sources such as foreclosure?