Rental Property Investor · Ocean Springs, MS · Member since 2022 · 349 posts · 301 votes
Hello! Long time lurker, first time poster. I live in Ocean Springs, Mississippi. A little over 5 years ago now my wife and I bought our first SFH, a nice little 3/2 with some unique character. We have been aggressive in our payments and have gotten our principal down to below 50% of our original loan and have started contemplating getting another home with our VA loan and renting out our current home. I have already made some local connections and look forward to soaking up as much information as I can.
@Joel Case welcome to BiggerPockets and nice job so far!
While I am not local to you, I’m always happy to connect with like-mined people.
Would your current house cash flow if you were to rent it? Does your local market have inventory that supports you finding and purchasing a new home?
In any case, do not hesitate to reach out and connect if you want to chat more
I haven't run the numbers on my current residence, but I can safely say it would cash flow well in the current market. The current market here is like most places, very hot right now, but I am seeing a slowing of sales and also an increase in price per sq. ft. The good news is that I am not in a position where I MUST purchase, I am simply prequalified and ready to purchase should the right deal come along.
@Joel Case welcome to BiggerPockets and nice job so far!
While I am not local to you, I’m always happy to connect with like-mined people.
Would your current house cash flow if you were to rent it? Does your local market have inventory that supports you finding and purchasing a new home?
In any case, do not hesitate to reach out and connect if you want to chat more
I haven't run the numbers on my current residence, but I can safely say it would cash flow well in the current market. The current market here is like most places, very hot right now, but I am seeing a slowing of sales and also an increase in price per sq. ft. The good news is that I am not in a position where I MUST purchase, I am simply prequalified and ready to purchase should the right deal come along.
That’s a great position to be in. Patience and look for a desperate seller.
Licensed Broker/Investor · Ocean Springs, MS · Member since 2016 · 68 posts · 28 votes
4y
Come to the investor meeting tonight. 6-8pm at eAgent Realty located at 12373 US 49, Suite 3, Gulfport, MS 39503. You can get more info at MSCoastREIA.com as well.
Come to the investor meeting tonight. 6-8pm at eAgent Realty located at 12373 US 49, Suite 3, Gulfport, MS 39503. You can get more info at MSCoastREIA.com as well.
Justin, I definitely plan on attending soon, but I don't think I will make it this month.
Make sure you check out all that this site has to offer.
There are some pretty nice discounts on many products and services offered as Perks to BP members that you might want to check out: https://www.biggerpockets.com/perks/pro