Most Recommended Place to Invest in the PNW

[Audrey Sommer]

I've been reading how the PNW is the worst place to invest. Unfortunately, I live in the dead center of it. If you had to pick a market in the PNW to invest in a long-term rental, where would it be? Especially, if this was your first rental property?

[Steve Vaughan]

Technically central WA is Inland NW, not PNW🤔.  But thanks for the mention @Jay Hinrichs 

I'd invest in my backyard, outside the city of Seattle. Too many pro-tenant RCWs. 

The key for me wasn't to invest in the 'best place' but to know a market so well that a deal jumps off the page when it appears. You will recognize it because you will know relative value.  

While a western WA deal might not meet some Midwest cf metric like 1%, it will be above the market cap rate or below FMV of comparibles and give you options.

We best do that in our backyard or own sandbox.