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Updated almost 2 years ago on . Most recent reply

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Lake Stevens Rental Investment (Single Family)

Posted

How is the Lake Stevens area as a Rental Investments?  I received mixed opinions. like area is expensive with lower returns and properties are also not appreciating whereas some people said its comparative better than south like Auburn, Puyallup with better schooling and lower crime rate.
Could you please share your advice.

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Julien Jeannot
  • CPA, Real Estate Broker & Investor
  • Seattle & Woodinville, WA
1,042
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Julien Jeannot
  • CPA, Real Estate Broker & Investor
  • Seattle & Woodinville, WA
Replied

I'm a fan of Puyallup and Lake Steven. 

Given the high competition for properties in the area, I've switch my strategy to looking for solid base hits rather than home runs. The Seattle area is more of an equity play which doubles which doubles the investment through appreciation quite easily.

I found that I have passed on fantastic deals in hindsight by always looking for "highest" and "best."

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