Seeking an awesome Seattle area Real Estate agent!

[Megan Cassidy]

Hello BP,

Newer investor looking to meet with local Seattle, WA agents who are familiar with areas outside the city limits (Bremerton, Poulsbo, Whidbey, Mt. Vernon, Everett, Bothell, etc.). Seeking duplex or multi family properties that I intend to live in, improve the property (not a flip) and increase equity, and rent out other portion.

No more than $200,000 offer price with loan or hard cash down.

Would use FHA, conventional loan, or possible hard cash/other creative methods of finance

I am familiar with prices around here, so want to hear possibilities.

Criteria for agent:

1) Knowledgeable about small, multifamily properties in Seattle and outside city limits

2) Experience working with first time home buyers

3) Quick to respond to questions or inquiries 

4) Enthusiastic about creating the best win-win situations possible

5) Direct, realistic, and creative

If interested in speaking with me, drop me a PM or post your information here.

Thank you for your time,

Megan Cassidy

[Michael Haas]

@Dave Skow's point is a good one- Since 2014 new FHA loans at 90% loan-to-value or less (more than 10% down), have the monthly mortgage insurance premium payable for at least 11 years.

For new loans at more than 90% loan-to-value (less than 10% down), the monthly mortgage insurance will be payable for the life of the loan.

Way back before 2013 FHA allowed the mortgage insurance to be cancelled when the mortgage insurance has been paid for 5 years and the loan balance reached 78% of the original purchase price or value of the home.