All Forum Posts by: Hayden Stovall

Thank you all for the feed back. Our VERY last option is to rent it out. Then only way we will rent it out is if it never sells. I agree that $95 cash flow is not near enough. For my first investment I was wanting to get $200 cash flow after expenses but in this market nothing rents for enough to make that attainable. I'll be sticking to trying to sell it. Thank you all for the helpful feedback. -Hayden

Hello all! I am currently stuck in a sticky situation! I am 22 years old and currently active duty Navy stationed in Georgia. I will be separating in the next few weeks and moving back home to go to school. When I first got stationed here (March 2016) I was expecting to be here for at least 2 years, but do to my orders I will be separating in July. I bought a house using a VA Home Loan because in the end it was cheaper than renting. Therefore I bought the house for $112,000 which came out to $114,000 VA Loan. My mortgage payment is $725 which includes my insurance. We got news very sudden that I'd be separating (about 3 weeks ago) so we threw the house on the market. As you can tell I've only owned the house for a year. My wife doesn't want to have to rent it out but we can't afford to make the mortgage payment for very long if it doesn't sell. We'll be mov my 1,200 miles away back to Texas. So for this being my possible first deal, it's not really what I wanted being that I'll be 1,200 miles away. If we were to rent it out we'd have to rent it for $1,095(near top market rent). Accounting for 10% PM, 10% Vacancy, 5% Repairs I,d come out with about $95 positive cash flow. So I guess my question is, does anyone have any advice on if this would be a good deal? Or one that a newbie investor should do? I hope this all makes since. Thanks in advance.

Thank you all for the warm welcoming! I'm looking forward to soaking up as much knowledge as possible. Thank you

Hi my name is Hayden Stovall. I am an aspiring real estate investor from the Abilene, Texas area. I am currently in the military stationed in Georgia. I will be seperating in the next few months and moving back to the Abilene area. I will be attending school to get my degree in marketing. I am wanting to network and get involved in real estate. I am looking to learn and assist others in their real estate career. Excited to meet other members and grow my education in real estate. 

Thanks