I am still trying to wrap my head around taking a possible mortgage for 600k+ on a multifamily property with my VA loan. I have two properties in Florida and the cost of these properties are dirt cheap compared to the properties in this market. How do you play in this market? I think it might be a bad move to jump in seattle and maybe just go invest in another property in Florida. Would love to hear all advice. Thanks for the help.
@Dimitri Paspalaris it's all a function of roi, cashflow, appreciation, risk, comfort, regulatory environment etc. Personally I like the balance in Florida but it is an individual decision. Some might like the higher prices in Seattle as less units to manage for the same roi, investment. Some might prefer a cheaper place than Florida for even more units to spread the risk.
DImitri - are you considering buying this property as an " investment " property or a " primary residence " property using your VA eligibility ?
@Dave Skow the plan would to be house hack and then transfer it into a rental when I move to my next duty station. Thanks for the help
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