Advice on First Home Purchase

[Nicole Benton]

Hi there! My husband and I have been doing a bunch of research when it comes to rental property investing and decided it’s finally time to commit. We just moved to Washington, a little south of Seattle and are working with an agent to purchase our first home in the next month or so. As homes here can be quite pricey, we were debating if we should begin investing in rental properties in this market or if we should buy a primary residence here and then look to invest elsewhere, in a market where our money would go farther. We were leaning toward the latter, but don’t know how difficult it will be to qualify for a loan for an out-of-state investment property right after purchasing a primary residence. Any thoughts?