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All Forum Posts by: Jonathan Alvarado

Jonathan Alvarado has started 1 posts and replied 1 times.

Real Estate News & Current Events

Post: Young Investor needing guidance on 2nd property!

Jonathan AlvaradoPosted
  • Whidbey Island
  • Posts 2
  • Votes 0

I currently own one property on a VA and looking to buy my second. My first property I paid $275K and is now valued at $335K. The second property I am looking at is about $320K. I have $20k in cash and I have $800 in rental income coming in monthly. Do I have options?

My bank (NavyFed) gave me the below options:


- Check COE and use VA again.

- Military Choice Loan.

- Cash out refi.

- HELOC.

Does anyone have any additional recommendations? I would like to keep my current property and just add to it. The second property will be my primary residence. Thank you so much for any input, I know very little and have been reading as much as I can. 

-Jon.

0 Votes