All Forum Posts by: Danny Schmidt

@Christian Decker thanks! We’re willing to start looking for some. We prefer to stay in the area but open to going a little outside for a good deal. 

@Michael Haas @Stephen Pirotte absolutely not just looking for condos. We've also considered selling our 2-bed condo (even though we bought it so recently) if we can find a good hacking property to trade up to, such as a duplex, that would cash flow better. I'd love to hear your input (as well as anybody else's). Thanks!

First deal was conventional loan with a local credit union. 

Hello all,

My girlfriend and I bought our first condo in Seattle this summer for $360k (mortgage is $2,100 with HOA). We really want to buy another and will go around looking for deals, but not sure what to do about financing. We only have enough for 3.5%-10% down. Should we look for an FHA loan, conventional or seller-finance, or maybe hard-money loan? We're debating whether it's better to buy a place and rent it or buy a place, move into it for an owner occupancy rate and then rent our current condo. I would love to hear any feedback and suggestions on what our next move should be. I really appreciate it!