Newbie starts out to seek the first investment in Seattle area

[Eric Huang]

Hello BP community,

I'm in late thirties. I relocated to Seattle about 4 years ago with my wife and 2 kids (4 and 7). I have a house since 2017, which may offers a line of credit approx. about $100K. I wanted to use the money to start off the journey As of now, I've primarily focus on residential properties with the priority on SFH, mainly because I wanted to start with easy management and get my feet in the RE investing world first. I work in tech industry with a pretty good pay. I love the job and don't plan to quit (at in the next 5-10 years).The RE investment will help me built my retirement quicker and stronger, and on the way there I have more financial freedom to travel and more options in my career path.

I'm looking for suggestions. 1. Seattle is a highly competitive market. Very appreciate if you offer any insights on the areas that can still possibly have the positive cashflow properties? I heard a lot of people talking about N. Tacoma, or N. of Seattle (such as Everett, maryville, Snohomish, etc.). Again, as an inexperienced investor, I prefer handleable prosperities (or via cosmetic flipping) and quality tenants (for class B properties). 2. I want to minimize the cash investment so plan to leverage, such as HELOC. Any recommendations on where to get good HELOC? Thank you.

Eric