buying investment property in SeattleOk, here is my situation. I currently own two houses in Seattle, the one I live in and one that I own as an investment. My rental income is about double the mortgage on my investment house and I currently have about $250k in equity in that house and another $100k that I have available to invest. I've done the math and I think that I can buy another fixer in Seattle and get it up and running with at least a small profit (I'm fairly handy and know when I'm getting over my head) but my question is, what is the best way to finance this?Should I take out an investment mortgage? Pull equity out of my other investment property? Or just wait a little while until I have enough cash to buy a house outright?I'm banking on the thought that it can't be that bad for that long. House prices are getting low enough in Seattle that the market is opening up a lot of first time buyers that could not have afforded to buy here a few years ago. And I think that this will bottom out the market. But even if it continues to tank I think that I can make at least a modest profit from rental income. Who should I even be talking to about this? December 16 2008 - Columbia City0YesReport a ProblemProblemSelect oneOffensive contentIrrelevant contentSpam (pure self-promotion)OtherDetailsYour emailPlease enter a valid email address.Submit CancelContent flaggedWe will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.We're sorry. This service is temporarily unavailable. Please come back later and try again.