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Updated over 7 years ago,
Newbie in Seattle/Tacoma
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.