Finding the right house hack.

[Orlo Daniel Bartholomew]

I’m 24 years old and just moved to Norfolk Virginia. I will be at my 25k in savings goal by next March. I plan to buy my first duplex in this area with that saved down payment. Where and how do I start finding deals?

[Erica Osborn]

Orlo! Hey, I know these fabulous people who commented here :) @Corey Chonsky and @Taylor Hudgins! 

The main things I thought besides what Corey and Taylor said....

1. Are you planning on living in one unit? If so, think about using your VA loan if your eligibility is not already in use. (You had mentioned previously being in the area while in the service). You've collected a nice savings for your self, use that wisely!

2. If you do not want, or can not use your VA loan and are still planning on living in it, think about using an FHA loan with a smaller down payment in the 3.5%-5% range. Then you can use your cash for an additional investment property for yourself.....boom 4 doors instead of 2 out of your hard earned/saved money.

3. Keep scouting neighborhoods, analyzing properties and getting real comfortable with the numbers you can see here in HR! Best of luck! Hope to see you around at some networking here in Hampton Roads when things lighten up!