Overpriced Multi-Family listings in Wa State
I've noticed a steady increase in Tacoma, Vancouver & Olympia MFs to the point where these properties don't even come close to meeting the 1% rule & would actually be breaking even or taking a loss if purchased.
Are there any other cities/counties where there's still some prospects for healthy cash flow?
Most Popular Reply
I have never found a 1% return in WA over 20 years investing. WA is all about appreciation. If you are young sitting on a property for 10 years can really work out for a 1031 exchange into a market out of state that hits the 1% rule.