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All Forum Posts by: Marco R.

Marco R. has started 1 posts and replied 5 times.

Post: VA Loan For Multi-Family in San Antonio

Marco R.Posted
  • San Antonio, TX
  • Posts 5
  • Votes 2
Thank you Ola for the encouragement. I don’t want to over-leverage but if there’s a fourplex out there whose numbers make sense I’ll go for it. Is that how you started?

Post: VA Loan For Multi-Family in San Antonio

Marco R.Posted
  • San Antonio, TX
  • Posts 5
  • Votes 2
Originally posted by @Tan Le:

Hi Marco,

I'm in the exact same shoe with starting out in real estate and is interested in using the VA loan for a multi family property. I'm just been listening to the podcast and doing all the research I can before putting my foot in the water. PM me and I would love to connect and we can exchange some knowledge.

-Tan

 Definitely.  All about joining forces.  Thanks for reaching out.

Post: VA Loan For Multi-Family in San Antonio

Marco R.Posted
  • San Antonio, TX
  • Posts 5
  • Votes 2
Originally posted by @Matt Humps:

And keep an eye on property taxes in SA. They can run pretty high relative to other states/cities. Example SFH I own is worth ~$345k and property taxes run $8500/yr. Here in Florida, own a home worth $600k and property taxes are $7.5k/yr.

 Thank you, Matt.  Good call.  I will pay attention to that.

Post: VA Loan For Multi-Family in San Antonio

Marco R.Posted
  • San Antonio, TX
  • Posts 5
  • Votes 2

@Michael Guzik Thanks a ton for the advice! I will do that.  I actually enjoy exploring neighborhoods, plus it's a good way to get to know the town.  I'll be sure to reach out. 

Post: VA Loan For Multi-Family in San Antonio

Marco R.Posted
  • San Antonio, TX
  • Posts 5
  • Votes 2

Hello,

I'm working on getting started in real estate investing by using my VA loan to buy a multi-family or single family property for rental income. My home town of NYC is an investing disaster in my price range so I am looking at San Antonio. I really like the price-to-rent ratio here and, more importantly, I will be living and working in SA and can easily make time to manage the process.

I would love to connect with anyone who has experience using a VA loan for duplex, triplex, etc. properties in the area. I'd be grateful for feedback on investing in the various neighborhoods, as well. Lastly, I'm new in town and always up to networking and building friendships with people who are ambitious and have a vision. :)

All best,

Marco