Richland and Kennewick Washington: Great Real Estate Markets for First-time Investors

Richland and Kennewick Washington: Great Real Estate Markets for First-time Investors
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Get a head start on investing with a hard money loan

Considering getting into real estate investing?

If you’re a first-time investor and are currently located in the Seattle–metro area, finding an affordable investment property may be challenge.

Looking outside Seattle’s highly competitive market for rental properties can greatly expand the possibilities.

You may want to consider turning your sights towards the southeast corner of the state. Kennewick and Richland Washington are ranked in the top ten most affordable communities in the state by SmartAsset. With the third–highest job growth rate in Washington and an exceptional quality of life, the neighboring cities are attractive first–time real estate investment options.

Tri–City Region a Smart Real Estate Investment

Located in the driest, warmest region of the state at the confluence of the Yakima, Snake and Columbia Rivers, Kennewick and Richland (known together with Pasco as the Tri–Cities) offer a variety of year–round sports and recreational activities, as well as popular restaurants, retail and cultural events. The nearly 100 wineries located in the “The Heart of Washington Wine Country” produce local premium wines. Picturesque riverfront parks provide opportunity for both recreation and relaxation. And Washington State University in Kennewick and high–quality public school systems are additional draws.

Richland and Kennewick were ranked as first and third Healthiest Real Estate Markets in Washington State in 2017 for good reason. For investors, the area’s affordability plus easy living equals potentially excellent return on investment.

Get started with a hard money loan

Financing for first–time investors can be a challenge. We offer over 30 years’ experience as hard money lenders to real estate investors throughout Washington state. We’re happy to answer your credit or loan questions. Give our Gregory M. Russell team a call today. 1-888-477-0444.