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All Forum Posts by: Nathan Prestwich

Nathan Prestwich has started 1 posts and replied 3 times.

Post: Beginner Market Suggestion

Nathan PrestwichPosted
  • New to Real Estate
  • Everett, WA
  • Posts 3
  • Votes 0
Originally posted by @Michael Haas:

@Nathan Prestwich do you currently own your home in Everett / Seattle? Although investment loans with 20-25% down on Seattle prices is a high bar, you can get a great cash-on-cash return around here if you're willing to house hack or otherwise utilize low down payment owner occupant financing.

Also I agree with everyone else - don't buy a condo if you can avoid it. HOA's are vicious and many are hellbent on making out-of-state investors like yourself miserable.

We do own our home. We have a townhome in an HOA community. I would be interested in owner occupied, multi family properties as I'm eligible for VA loans as well. I would be interested in learning more because multi family prices seem out of reach at the moment.

Post: Beginner Market Suggestion

Nathan PrestwichPosted
  • New to Real Estate
  • Everett, WA
  • Posts 3
  • Votes 0

Greg Scott Thanks for the info regarding condo rentals. I will try to do more research on the matter.

Tyler Gibson nice to already hear from someone in the market. I'll take a look more into Orlando for sure.

Post: Beginner Market Suggestion

Nathan PrestwichPosted
  • New to Real Estate
  • Everett, WA
  • Posts 3
  • Votes 0

Hello all!

My wife and I have decided we would like to get started in real estate investing and feel most comfortable with buying a rental property. I understand it's suggested to start with a market you know, but we currently live in the greater Seattle area, and as much as we love it here, it's a high price point to break into. So we felt we would be best served starting elsewhere, with condos in particular.

I have done some research on the subject  and some cities I see popping up in various resources include: Atlanta, Jacksonville, Tampa, Orlando, and Raleigh.

Any insight on the matter is greatly appreciated as well as out of market investing in general. 

Thank you!

Looking forward to the journey