Where Should I Invest

And so I'm trying to figure out where to invest. And I know like some people go to the Midwest or the South, but you guys are talking about staying in your backyard. How would you build the buy box for someone who's new to multifamily?

I think one of the first things that you need to consider in any business that you're doing is what business do you want to be in? If you legitimately are like, hey, I love Washington, I wanna be involved here, I would choose Washington. If you're like, hey, I love New York, I think it'd be fun. I mean, that one sounds like a real challenge, but depending on where you're at, like what do you actually want to do? And then reverse engineer from there. Like, okay, who has done it in my market and what did their business model look like. And so in Washington State, you can absolutely do deals in this local area. They're typically going to be less common to find cash flow, which means if you find a cash flowing deal in this market, you're probably going to make a lot more money than you are in other markets where it's easier to find cash flow. Your appreciation here is usually much higher than some of these cash flow heavy states. So I would— I think the question is really what business do you want to build and where are you most interested in? Because people do own real estate in every single market. There is absolutely a way to do it.