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Old 10-31-2019, 04:15 PM
 
Location: Seattle
99 posts, read 159,760 times
Reputation: 80

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We've been thinking about diversifying by investing in real estate here in Seattle, but are unsure of where to start.

Is buying a condo in the $300-450k range in town to rent out a good idea?
Would buying now mean buying at the peak of the market or are we still trending downwards?
Are there realtors that focus solely on investment properties?

Thank you in advance for your insights!
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Old 10-31-2019, 04:41 PM
 
Location: Seattle
6,157 posts, read 4,891,988 times
Reputation: 3721
Default Some thoughts..

We've been thinking about diversifying by investing in real estate here in Seattle. Is buying a condo in the $300-450k range in town to rent out a good idea?

(Possibly, depends on location. Right now my favorite location price to value is NE Seattle (Pinehurst/Victory Heights/Olympic Hills))



Would buying now mean buying at the peak of the market or are we still trending downwards?

(Hard to say. Interest rates seem to be trending down a bit. Things seem pretty level right now, not really going up or down).



Are there realtors that focus solely on investment properties?

(Maybe, I'd say that really isn't the most important quality though. Find someone who you vibe well with, who has a proven track record and seems to have good strategies to win).

Last edited by homesinseattle; 10-31-2019 at 05:02 PM..
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Old 10-31-2019, 05:12 PM
 
Location: Independent Republic of Ballard
6,851 posts, read 5,323,504 times
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Seattle Real Estate Market Trends And Forecasts 2019
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Old 11-01-2019, 01:03 AM
 
Location: WA Desert, Seattle native
6,179 posts, read 4,105,888 times
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Personally, I would hold off. I think the peak is either here or has passed. Could be wrong, but there are certain peaks that can't be increased with the current economic situation.

Last edited by pnwguy2; 11-01-2019 at 01:55 AM..
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Old 11-01-2019, 02:09 AM
 
8,315 posts, read 4,689,677 times
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Save your money for the next recession, then invest. Won’t be long.
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Old 11-01-2019, 12:29 PM
 
Location: Seattle
99 posts, read 159,760 times
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All good advice. Thanks, all!
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Old 11-01-2019, 02:21 PM
 
Location: Pac. NW
2,077 posts, read 1,592,210 times
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A tertiary market, such as Lynnwood or Olympia/Lacey would be good. Seattle's growing population is sprawling into those areas as they're the last affordable housing option in Western Washington.
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Old 11-01-2019, 02:38 PM
 
Location: Seattle
6,157 posts, read 4,891,988 times
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Quote:
Originally Posted by tommy64 View Post
A tertiary market, such as Lynnwood or Olympia/Lacey would be good. Seattle's growing population is sprawling into those areas as they're the last affordable housing option in Western Washington.
I'd add central and north Everett to this list, very popular place for investors right now. Everett's waterfront redevelopment, defined downtown core, commuter rail to Seattle and substantial commercial potential put it near the top of the price to future value calculation, IMO.
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Old 11-01-2019, 07:42 PM
 
Location: Seattle
7,157 posts, read 9,264,497 times
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Quote:
Originally Posted by tommy64 View Post
A tertiary market, such as Lynnwood or Olympia/Lacey would be good. Seattle's growing population is sprawling into those areas as they're the last affordable housing option in Western Washington.
Lynnwood is not affordable anymore. You know this when rent for one bedroom is $1800 and the crappiest house $450K. It has pretty easy access to everything plus Link in a few years, so a desirable place for many.
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Old 11-03-2019, 12:12 AM
 
Location: WA Desert, Seattle native
6,179 posts, read 4,105,888 times
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Everett is the next boom area.
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