Currently renting but I am living in the Seattle area. The market here is very high compared to the Us relatively. I am looking to purchase my first condo and stop letting my rent go out of the door. I want to also get into rentals but I’m having trouble deciding between the two options I see below given I can afford around a 400-450k home.
Option 1
Buy two condos in an Renton, WA (not the best area) for 200k each. Live in one of the condos and rent the other and try to pay them down as fast as possible.
Option 2
Buy one condo in a really good area Bellevue/Redmond,WA for 400k and live in it as my primary residence, then try to pay it down as fast as possible to purchase a rental later.
Would be great to get feedback on which option I should take from you all.
Thanks
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source https://www.reddit.com/r/RealEstate/comments/e400gf/buy_2_condos_for_200k_each_and_rent_one_or_buy_1/
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