Is anyone in the Seattle area?

[Alex Palladino]

Hey guys! I’m brand new to real estate. I don’t know how close or probable I’d be able to buy my first multi family property given my current circumstances, however, I heard Seattle’s demand for rentals right now are very high. Would anyone know if the demand is just has high in the greater Seattle area? Tacoma for example? The properties down there would be much easier to get into because they can be as low as a third of the price of Seattle properties, but if they’re not filling up like Seattle, it might not be worth it.

[Michael Haas]

@Alex Palladino Pockets will always be more or less desirable, but you can count on reasonably strong rental demand and good occupancy rates anywhere between Tacoma and Everett. Seattle has a lot of single families w/ ADU's, but Multi's in the city tend to have pretty low returns and high prices. For true multi families, both Everett and Tacoma would be great places to look!

The first step is often to get your pre-approval nailed down to see what you can afford - that will definitely help you determine which neighborhoods would make sense to look in.