All Forum Posts by: Jon Merkel

Hey Tyler. I run a private lending company called TC Lending that is based in Spokane. We work primarily with investors in Spokane, but also with investors throughout Washington, Idaho and other states. I’ll PM you my phone number. Give me a call sometime and I’ll see if we can help you out!

Hey @Stacie Dagres. I manage a hard money lending company that largely serves investors local to Spokane. I would love to chat sometime to understand your goals and to see if we can help. DM me and let’s set up a call.

Jon Merkel

TC Lending

Hey Rebecca. I am a licensed agent in WA and also manage a hard money fund in Spokane. At a high level, I’m sure everyone would agree the Spokane market is appreciating faster than average and inventory is historically low. When you say buy and hold, are you looking more for a place to simply park your money and catch the appreciation wave? Are you looking for cash flow in this search? Depending on how you answer these questions might steer the feedback to be more beneficial for you!

Hey Emil,

I run a hard money lending company in Spokane. I would love to chat with you about this. Feel free to give me a call anytime. My number is (509) 499-0155.

Thanks,

Jon Merkel - TC Lending

Hey Mike!

I would agree with Haydn. From my understanding, the rental market for those seeking rentals is equally as competitive as it is for those looking to buy a home. The rental inventory has simply been low and even more folks are looking to move into the Spokane area. I don't think you'll have any trouble in the near future finding renters for a moderately rehabbed rental.

I'm not sure how familiar with the area you are, but some desirable areas of Spokane include anywhere on the South Hill south of 14th, Kendall Yards, Perry District, and in general, most areas north of Francis. In my opinion, these are surefire desirable areas in Spokane. There are definitely other pockets in town that would attract renters too!

I hope that helps!

Take care,

Jon Merkel

Hey @Ryan D.! Thanks for the TC Lending shout out. You guys crushed it on this one. 

Jon Merkel - TC Lending

Hey @Sean Thompson. My take on this is that although the quantity of deals might be fewer in the Spokane outskirts relative to the heart of the city, you might have less investor competition because investors might not want to work a deal that is an hour away. That said, we recently funded a deal in Medical Lake. So the deals certainly exist in the areas outside of the City of Spokane.