Updated almost 7 years ago on . Most recent reply
Getting Started in WA
Hey all, I am new to BP and to Real Estate in general. Fresh college grad, goal is Financial Independence. I am reading Building Wealth One House at a Time, listening to the BP podcast, and basically every other resource I can find to learn about Real Estate.
My income is not high, 35k base, ends up being something around 45k with bonus and a lot of OT. I am lucky in that I have very low COL right now, and by the start of 2020 should have around 20k saved for a downpayment. I was initially interested in house hacking, but it seems like that is pretty far out of my price range. I live in the Renton area, and I am employed in Bellevue.
If you were in my shoes, just starting out, what would you do? I am looking for positive cash flow as my main priority, and would be happy to hold for an extended period. I was pre-approved recently for a 175k mortgage, if that means anything.