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799: 3 Steps to Building a Simple, Safe, "No Bank" Rental Property Portfolio w/Cody Davis and Christian Osgood

BiggerPockets Real Estate Podcast

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How to Buy Outside of Seattle

We buy in central Washington because the economy is a scale. People want to live there and we mentioned this on the bigger pockets episode, but people are happy they take care of the streets. There's pride of ownership. You will not find that in King County. But again, I just bought the biggest deal in the best location I could. It doesn't have to be central Washington. As long as you have long-term fixed rate debt, cash flow margin, you can buy anywhere you want. It could be in Seattle. That's why we did the Tequilla deal. 4.5% down, 3% interest. It's like 60% cash on cash. Nice.

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