multi family in tacoma

[Myron D.]

I've been looking in to Tacoma and the surrounding area as a possible investment area for myself and several partners.  I'm not as familiar with the area as I'd like to be and would appreciate some information on what investors see as the best area to buy multi family properties in.  any information would be much appreciated!

[Timothy Tooker]

@Myron D.

There are a lot of great places down here in Pierce County. Just depends on what your investment strategy is?

Better Area's (A/B Neighborhoods - Premium Price): North Tacoma, University Place, Dupont, Fircrest and Parts of Puyallup, Lakewood, Steilacoom, Northeast/South Tacoma.

Great rental area's (All over, to include C neighborhoods) We are getting an influx of renters from King county down here, not to mention the military base down here provides a steady stream potential renters.

There are some D neighborhoods in Pierce county that you can find some great deals in, just have to have the stomach for some of the headaches that go along with those area's.

There have been more than a few Multi-family residences that fit the 1% rule out there for sell. I just helped another investor get a tri-plex that fits the 1% rule in south Tacoma. It will also produce higher returns once he raises the rents on the two tenants that had existing leases.

If you need any assistance my contact information is in my profile.