Updated over 4 years ago on . Most recent reply
My First Rental Property
Investment Info:
Single-family residence buy & hold investment in Richlands.
Purchase price: $162,000
This was my first home that I purchased to live in while stationed at Camp Lejeune. I lived in it for a few years and began renting it out in June 2020.
What made you interested in investing in this type of deal?
I originally purchased this home with the intent to sell once I received military orders somewhere else. I realized that the property value had risen a decent amount over the few years I was living in it ,and that it would produce a positive cashflow.
How did you finance this deal?
Va Loan through USAA. 0% Down
Most Popular Reply
@Zachary Jensen Congrats! This is how exactly myself and many other military folks got our feet wet in the real estate world. I have a few questions:
What are you renting it for and what are your monthly expenses?
Do you self manage or use a property management company?
When are you doing your next deal? Do you plan to refinance the property to free up your VA loan?