Updated 4 months ago on . Most recent reply
Decision to hold and rent
I bought my first home 1.5 yrs. Ago without the intention of renting when I move. I am in the military so I move every 3ish years and can use the va line to buy in each location. The house I have is 4bds, 2.5 baths, 2160 SF, and in a six acre lot in a neighborhood. It is 15 min to ft Stewart. I did all the math and I will only break even for the first 2-3 ish years and the beginning to start making good cash flow. Do people think this is a good investment to rent even though it doesn't meet the 2% rule initially? I am thinking about buying every time the army moves me and then renting when I make my next move. This is my first home, thoughts?