Newbie in Seattle/Tacoma

[Christen G.]

Hi there,

I'm new here and am learning a lot from the podcasts and reading through the forums.  I live/own in Seattle and have 1 multi-family rental property (with a business partner) in Tacoma and a short-term rental/vacation property up north. While land-lording is new to me and not without its challenges, I'm looking to expand my rental properties and like the Tacoma area a lot due to the growth in Seattle pushing a lot of folks out. My question is this: is putting down less than 25% frowned upon when buying a new rental place? Or will I just need to get a different kind of loan/have a good relationship with my lender? I found another place that I like but don't have the 25% liquid to go after it.

[Albert Bui]

Originally posted by @Ike Hobbs:

Talk to @Albert Bui. He's an investor himself and knows how to think on the lending from that perspective. 

 Thanks Issac for adding me.

There are options to put down a lot less than 25% if you can buy as a primary residence.