Clie Success Story! VA Loan Washington DC / Alexandria VA

[Cassidy Burns]

Clients Vince and Dulce just purchased a house for...... $180.30....
.
Yep you heard it right , $180.30 to purchase a 3 bed/ 2 bath townhome in #Alexandria VA using the VA Loan.
.
Purchase Price: $235,000
Appraised Value: $245,000
.
They made $10,000 in purchased equity the day they signed on the dotted line.
.
Monthly Payment: $1,679/month
.
They plan on living in this 🏡 for the next 1-3 years and then turning into a long term wealth building rental.
.
Projected Rent: $1,950/month
.
Cash Flow: $270/month
.
This is their 2nd 🏠 using this exact same strategy. This is how you build long term generational wealth.
.

VA Loan is a great way to get into something with lower cash down. Have to be extremely careful with analyzing the rents. This one was a no brainer for them. They will be doing slight renovations inside as well to help with rental appeal and potential appreciation as well.

[Adam Bankoff]

@Marian Huish You have to have the intention to live at the property for at least 1 year. The amount of VA loans is limited by the total Loan amount, not how many there are.