Buying an investment property in Tacoma is different from buying a “normal” house that you’re planning on living in. In this video, Tacoma Real Estate Agent Marguerite Martin sits down with Anders, a real estate agent who specializes in working with investors. Anders was an appraiser for a very long time before he became a real estate agent, and he brings this experience to each of his real estate transactions.
Before you decide on an investment property to buy, you need to have a clear understanding of property types and your goals. Your goals will determine what type of property you purchase as well as where your property should be located. Are you looking for a property that’s going to appreciate over time and be a great long-term investment? Or are you looking for a home that you can flip right now and have all the numbers pencil out?
These things matter a lot when you’re looking to make a savvy investment in Tacoma. *Especially* if you are an investor who is coming from out of town or out for state, you need to work with someone who is a local expert in Tacoma investment and multi-family properties. A lot of people come from out of state thinking that Tacoma is going to be cheap, but the secret about Tacoma is already out and it is a very competitive market here. The additional protections for renters due to Covid have added an additional layer of complexity to consider.
For more information about Tacoma’s neighborhoods and median home prices visit our Tacoma Neighborhood Guide.