Where should I start? Should I invest in that area or should i invest on other state? I only got 5 years left before retirement.
Depends on what your goals are, do you plan on staying here after retirement? Are you looking for passive cashflow or long term appreciation?
I just got orders to move there so it looks like I will be in VA for the next 10 years. I''m looking for long term appreciation for now then I will move into the cash flow wants a get my feet wet.
Any advice on to move forward? Also, Im looking to buy my personal house in the next 3 months. Still the right time to buy? Using VA Loan / Credit score 800+
I moved to Virginia Beach 7 years ago. I bought my current primary residence when we moved there. I own 3 other rental properties in other states and they have all appreciated more than my house primary residence. 2 of those rentals I purchased in the last 5 years and they are still outpacing VB in appreciation by a good margin.
Just a caution - buyers agents are complaining like crazy right now that sellers are rejecting offers based on the VA loan because of the issues we get relate to appraisal. Don't shoot the messenger! Just sharing so you can talk to your loan officer about multiple options to make your offers competitive.
Are you willing to live in a multi family property? Don't forget you can use your VA FOR A 1, 2, 3, or 4 unit.
@Onexi Medina , nice congrats! Yes I would agree with Patti, the House Hack us super powerful and even better when you can use a VA loan. If I was starting over, thats what I would do. If you dont like the multifamily idea, a SFR and renting by the room to your co-workers also works. If there's anything I can do to help, please let me know.
Patti and Sean,
Really appreciate your help in this matter and thank for all the information. It is very helpful. Still hard to search for a great investment unless I don't have the eye for it..
Have you considered places like Georgia, Texas, Nevada, or California. All really great markets for return on investments. I agree with both Sean and Patti with their advice as well. Along with VA it is best to have some reserves for wiggle room in the current market. This is true for markets nationwide.