Interested in Buy and Holds in Spokane. Rehabs are fine! Love big chunks of land as well. Any agents that can give me better insight in to the market there? What are the areas I should be focusing on?
Hey Rebecca. I am a licensed agent in WA and also manage a hard money fund in Spokane. At a high level, I’m sure everyone would agree the Spokane market is appreciating faster than average and inventory is historically low. When you say buy and hold, are you looking more for a place to simply park your money and catch the appreciation wave? Are you looking for cash flow in this search? Depending on how you answer these questions might steer the feedback to be more beneficial for you!
HI Rebecca, I am new to REI. In the process of developing my network. Looking to connect with national title co, contractors, wholesalers, flippers, private money lenders et al. I'm seeking a whole sale deal in Spokane or CDA. Are there any wholesalers in this area you can recommend? Thank you for your assistance.
@Rebecca Rice Hi there! I'm also new to the area and just bought a home in Spokane that I plan to house hack (a bit of a fixer upper, renovating the basement mother in law suite to be used for a STR-Short Term Rental). If my calculations are correct, I should be able to use the STR income to pay off my mortgage, plus some extra cashflow. I used Haven Real Estate Group (Heather Schelling) and had a remarkedly great experience. From my newbie experience, if you can find something in Northern Spokane (including Colbert and north of there), South Hill or Spokane Valley, that meets your criteria, I think you'll be golden. Like @Jon Merkel said, there's a huge lack of inventory and I spent many weeks and over a hundred of deal analysis later trying to find something. I got lucky on having my second offer being accepted, in a cute neighborhood in the Northern part of Spokane. It's a little bit of a fixer upper, but I'm excited for the project. Let's connect!