Looking for first investment property in Seattle and need advice.

[Evan Anderson]

Hi,

I'm 22 years old, living in Seattle and looking to invest asap in either a SFH or multiple units... I hate renting. I have about $36k in liquid savings and just got preapproved for a $332k conventional loan at 4.875% interest. I know that's not a lot in Seattle, but it paints a picture for my buying power.

So my question is, do you think I should start investing this year or hold off? Seattle is extremely competitive and it’s virtually impossible to find market deals with positive cash flow. So I would basically be investing in the gain on appreciation/reversion. And if I was to do this, even an investment in a condo then might make sense. Can someone with more experience paint a clearer picture for me on what makes the most sense? Thanks!!