Is Spokane the market to start buying multi- families?

[Mason Scholtes]

My wife and I want to begin buying some multi family homes in the coming economic market that I can only assume will be deflated from where it is today. I am a professional remodeler and want to buy some distressed houses and renovate and then rent them out.

I have been looking for a good market that my wife and I can afford and enjoy living in.

Does anyone have experience in the Spokane market? Do you think it will be hit harder then other cities from the covid fall out?

I would also appreciate other market suggestions.

We want to leave Southern California for a market we can afford and take advantage of the economic down turn to begin putting together a real estate portfolio. Thanks!

[Phil Wells]

@Mason Scholtes I'm not currently seeing any major impact on the Spokane market in terms of property prices. We are seeing slightly fewer homes for sale but the demand for those homes is keeping property prices on an upwards trend - People want to move here! I can send you some facts and figures if you'd like.

There are plenty of homes in Spokane that need of someone like yourself who can remodel them and either flip them or rent out a good quality property.

I don't foresee Spokane being hit hard by the virus in short or long term. Having said that it's still a relatively cheap market when compared to California or Seattle. There's a ton of growth happening here and there's a lot of opportunity for RE investors.

All the best,

Phil