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Updated almost 3 years ago on . Most recent reply

Help on my next deal
Hello Everyone,
I bought a single-family home in Portsmouth, Virginia for $180k utilizing the VA loan back in 2020. Since then I've rented it out for $1500/mo. I utilize a property manager, so I cashflow about $300/mo. I have about $8k in savings, $60k in home equity, and around $15k in my retirement accounts. I would really appreciate guidance on how to go about my next deal sooner rather than later. I'm looking at multi-family homes. I'll be moving back to California soon, so I'm looking at potentially going into markets in other states. I do realize I still have about $420k in entitlement left in the VA loan. Any tips, guidance or mentorship would be much appreciated. Thank you all!
Most Popular Reply

I'm not sure what services they have in Virginia Beach, in Idaho we work with a company called Mountain West Bank. They will help take what is in your IRA and purchase realestate, its a great way to get into the market if you don't have a huge down payment and don't want to pay the current interest rates.