Buy and Holds in Spokane

[Rebecca Rice]

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?

[Jon Merkel]

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!