If you’re a first time home buyer in Washington you can use a Washington State Bond program like the Home Advantage or House Key Opportunity programs through the Washington State Housing and Finance Commission in order to get down payment assistance for your purchase. This is a great way to get started on your first property. If you combine one of these programs with the Energy Spark program you can save up to 0.25% on your interest rate for buying a green home or making the home you buy more energy efficient. To qualify for these programs, you must: Attend a First Time Home Buyer Education Seminar, Be under the income limit of $145,000, Have a credit score above 620, These seminars are free to attend, and the certification is good for 2 years. We partner with Caliber to teach these classes and get you ready to buy your first house as an investment. If you’re thinking about house hacking or just getting out of renting, these are the best ways to get into a deal with minimal cash out of pocket and maximum cash on cash return. If you’re coming from Bigger Pockets and wanting to do the BRRRR strategy – buy, rehab, rent, refinance, repeat – this is a great way to get started. We will work with you to find the property that’s right for you with the best return. You can check out James Dainard’s Bigger Pockets episode here: https://www.biggerpockets.com/blog/biggerpockets-podcast-338-james-dainard
BRRRing in the Seattle area can be challenging due to pricing in this area. That being said, there are plenty of ways to make a great deal. Our brokerage specializes in front end analysis so that you can be confident in your purchase. We’ll provide you with all the data you need in order to execute on your investment goals. Here’re some examples of the things you can expect from us before you purchase a property: Rental comps, Sale comps, Rehab budget, Vendor list, Property Proforma, ARV. Contact us by filling out the form above to see if this is the right program for you.
