which area is more worth of buying Fisher's Landing vs. Camas? (Vancouver: real estate, rent)

[kakachann]

I have been reading a lot of posts here saying Fisher's Landing and Camas both have very good schools. I just want to which one is more worth of purchasing toward to investment?! Some people said Camas is better since it's a city comparing to Fisher's Landing is just a neighborhood inside city of Vancouver, WA. Can someone give more thoughts in real estate investing?

Thank you very much!

[StealthRabbit]

They are adjoining areas, but.... for investment I would look to Camas, as their overall school system is preferred, and kids do age... elementary in Fisher's Landing is considered good (for the moment), upper grades not quite so good as Camas. Also there are ton's of Cookie Cutter "henderson Homes" in Fisher's landing, and also a few nice custom homes (South of SE 34th st). I can't imagine buying a residence as an investment, with Clark County's unreasonable property taxes and huge infrastructure (meaning taxes will not be going down...) I just can't see cash flowing a residence as an investment... I may be missing something. Maybe if you can get something for under $100k. I just talked with a friend who bought a place in Clark County today, 3 lots and 2 homes for under $200k. That will probably work out, depending on what he finds when he gets inside. I have been very happy 1031'ing my residential stuff for commercial; as then you are renting a triple net shell, tenant fixes everything but shell, and you can kick them out in a couple days, vs. 6-9 months + they must take care of the place and pay the rent if it is their business location. If taxes go up, it is the tenant's issue, not yours.