All Forum Posts by: Alex Maksimiak

Hey all! New to the Real Estate game. Bought my first single-family property 4 months ago and rehabbed it myself. 

I have three rooms in the house and am living in one and renting out the two other rooms. 

For each tenant, would I do a normal lease, or would it be considered to be a roommate agreement? 

And the last question is, can I use any State of Virginia lease template I find online, or there's some that aren't legally correct?

Thank you!

Thank you so much. I’ll be showing up to the next one!

Hey all, my name is Alex and I am new to this forum.

I have wanted to do real estate investing for a while now and just got pre-approved from the bank for $225,000.

I am currently Active Duty in the U.S. Navy at Naval Station Norfolk so I can utilize my VA Loan with 0 money down. The only catch is that I must live in the property for 1 year.

I was trying to look for duplex/tri-plex's but good ones are hard to come around, and the ones that I am finding tend to be in bad/sketchy neighborhoods with low rents. What I was just thinking to do was buy a SFH, 0 money down

live in 1 room and rent out the rest of the rooms. When looking for a home, should I look for a ran down type of home and take a rehab loan to force equity, or should I just buy one already turnkey and start renting the rooms out to people while making positive cash flow?

Thanks.