Cash Flowing Duplex's in the Seattle Area Market
Hello, I'm looking to purchase my first home in the Seattle area market and understand with the expensive market that I'm in it would be hard to cash flow a property after I move out after 1 year. The intent in living there would be to lower the amount of money that I'm currently paying in rent to myself and be able to take advantage of the FHA loan for a primary residence within the duplex. My question is are there any markets that would be considered slightly undervalued or would provide me with the best opportunity to cashflow after 1 or 2 years. I'd consider most markets, but wouldn't move to Tacoma as my girlfriend is not a fan. We're both outdoorsy and actually like Bellingham a lot, so wonder if anyone has any experience up there as well?
Most Popular Reply
Hey Jim, Check out Snohomish County, north of Seattle. I've done very well in that area with duplexes and 4 plexes. Nice properties will get the rents you need. :-)