I don't look for a price of house as much as I look for spread between what it is worth (rehabbed) and what I can pick it up for. Doing multiple deals in Eastern Washington where there is enough for purchase, closing costs, rehab and still room for $20k+ in profit. I go there rather than Seattle area mostly because acquisition price is less.
I know many of the King and Pierce County communities and can steer you the right way.
I wish you great success as a Landlord.
I recommend that you find numerous agents, that you enjoy to send you potential deals.
More importantly, you may need help learning how to create the most CASH FLOW from your rentals.
ALWAYS treat your Tenants like gold.
I specialize in Buying with; the least amount of cash out of your pocket, creating the greatest cash flow & using the least amount of your credit.
Please Email me at.... firstname.lastname@example.org
Yours truly, Larry Tutino
I have extensive experience with investment properties inculding purchasing forclosure homes at the courthouse steps, bank owned properties, cash flowing rentals, and flipping. You can buy 2-3 sfr rental homes for $250k or even a duplex or triplex. Check out my website and let's talk!
Real Estate Broker
You can get some Great Deals for less than that. I have helped many investors find homes. If you
need an agent I will be happy to help you find the Great Deals!
If you don't already have a real estate agent working with you then give me a call and I would be glad to help. There are a lot of good buys in Tacoma right now and not just East Tacoma for under $250K. Hope to hear from you soon.