All Forum Posts by: Eddie Wright

Good morning all, there are a few properties in the Wichita, KS area that I'm interested in going after as LTRs. I would love to get any recommendations on investor minded realtors, lenders, and property managers that operate in this area? Thanks again! 

Hello everyone!

I just moved to Miami just under a month ago, and I'm currently living in Miami Beach (renting). I'm looking to buy my first property using conventional financing (have VA loan as an option or would be willing to do 20% for the right deal). When looking at townhomes and condos, most have HOAs. My questions on that are:

1.) What does the homeowner's insurance typically look like? Does it take into account having HOAs? I'm seeing a fair number of townhomes between 200K-300K, so I'm curious what insurance rates are looking like right now.

2.) How do you factor maintenance/capex into your analysis when a HOA covers certain parts of the property?

Thank you all!

-Eddie

I just moved to Miami 2 weeks ago! Looking to connect with other investors as well and do a meet-up! 

So you would recommend using a conventional loan? 

Hello BP! I'm an active duty Coast Guard member stationed in SE Louisiana that is looking to close on my first SFH. There aren't many options for multi-family in the area. I have a year left at my current unit before I transfer next summer. Right now, it looks like I will most likely be at a higher cost of living area next year (San Diego, Tampa, San Fran, Houston, etc.). I have enough capital right now to pay 20% down on SFH in my area (200-220K) range. For reference, I would be planning on keeping the property for cash flow, I have no intention of selling immediately. Although the local market has diversified in recent years, there are still significant ties to the offshore oil/gas industry. Would you recommend using the VA loan or another option? The cash flow numbers obviously work out better not using the VA loan, but it would be nice to not touch my nontaxable brokerage.

-Eddie 

2021 VA Loan Limits for California | VALoans.com

Hello! I'm brand new to Bigger Pockets, and I'm looking to learn and grow from this community as I begin my journey to acquire my first rental property. I currently live in Cape Canaveral, FL and will be moving to Louisiana this summer! I would love to network with any investors in the New Orleans area. I am active duty, and I am looking to create another stream of income outside of my primary job. I've always been interested in investing, but it has only been recently that I have really started digging into the potential of owning property. I look forward to meeting new faces!