All Forum Posts by: Chris Miller

Also Pangborn has 7000 feet and can handle tandem landing gear which means jet service..  Jet service opened up BEND/REDMOND..  And maybe there is Jet service now..  but Jet service to Kelowna BC blew it up as well.

Unfortunately, the approaches to the runways are horrible and the airport is shut down with the fog.

Hi! Didn't expect to find another Moses Lake investor (so soon)! Duplex is in Walla Walla, SFH in Moses.

Would like to grow my portfolio in Moses, keeping assets close and all... I'm currently analyzing financials for many of the multi's in town. Of course, prices are high, rents are low, and almost all owned by same seller (whom owns them outright and seems to keep rents below market... probably depressing the market a bit). 

I spent the other day driving to look at properties, I'm a little spooked by all of the new apartments being built! I don't know exactly when/how those will impact supply, but it has me thinking maybe to focus on 3br's for now (assuming 2br and 1br will be bloated and rents suppressed for awhile).

Are there any local groups or meetups you can recommend in Moses Lake? Would love to meet more like-minded investors in the area... and potential partners for largerdeals down the road.

Thanks, Chris. Good to know.

Had a guy at a meetup a couple years ago touting the old Air Force base there as an 'emerging market'. He was going to buy tracts of base housing to meet demand for the new car manufacturer that was coming to town or something.  That's what made me think of  Moses Lake. I stand corrected!

I'm pretty much just tending my current flock but some off-market mediocre plexes have been coming my way recently.  Maybe I'm too dusty to recognize a 'deal' this day and age, but $260k for a b- duplex that gross rents for $1900 doesn't strike me as worth even looking at.  Sample of my latest call... 

I'd look into Yakima, Ephrata,  Moses Lake or Spokane if you want central/eastern WA cashflow. 

 Yeah, I figured the dynamic was different when Jason mentioned city.  I was trying to figure why renters would need to commute out of a city.

Anyway, my little honey hole LOL is north along the river between us and Chelan.  Ephrata has a plus as a county seat but no good way to get there for me in under an hour and I never really saw much in it. Maybe airbnb's in Soap Lake? Accent the healing qualities of the water if people still believe that...  I like Entiat. You should get some ground there. Riverfront just minutes from town ,