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Updated over 4 years ago,
Newbie from Seattle, WA
Hi Everyone,
I finally have the courage to post on BiggerPockets after listening to just about every episode on Stitcher. I've always thought about diving into REI but have always been hesitant to jump in since I have a very limited understanding of the moving parts. After the market settles, I am assuming there will be a number of opportunities, so I figured this would be a good time as any to jump in.
I have been living in the Greater Seattle area (Redmond, WA) for over a year now and with the light rail expansions coming soon, I imagine this would be a great opportunity for me. I am currently in the research phase on the exact location/neighborhood but I am considering house hacking a SFH or condo/townhome (3BR/2BA) in locations that are near public transit. I will be financing this with the VA home loan. The beauty of this is that there is no down payment and the entitlement goes up to $741k in King County after the first VA home loan.
I am not in any rush to purchase since I am not really sure what to make of the COVID-19 pandemic and how it will affect the housing market, but I hope to purchase something by the end of
2020 or early 2021. In the meantime, I will soak up all the knowledge I can from this awesome community.
Thanks for having me!