All Forum Posts by: Taylor Smith

Whats the best way to go about the issue of buying a 4plex in NC with a VA loan so im required to live in one unit but they're all occupied?

Just curious to know if there are other investors in the Maine area. I'm in the process of getting pre approved through the VA loan. This will be my second property and would value others experience and advise for areas

Back in Oct. 2019, I purchased a house with an FHA loan in Brewer, ME.

I am wanting to relocate to NC this year in August. Figured this is my opportunity to build my rental portfolio. Just want to make the right decisions. I would rent out my personal residence in Brewer, cash flowing around $400 after a refinance to conventional loan.

Looking to buy another property, I'm thinking to do some house hacking with a duplex so we can make sure the new area is where we want to be committed and lower our cost for a year or so. I would try going after another FHA or VA loan for this.

Then purchase my new primary residence in 2022. So I could rent out both sides of duplex, increasing the amount I could save per month to eventually buy a single family and so on every year. 

Just looking at my options and want to make the best game plan.  I have $5k saved, $30k in stocks and 20% equity in Brewer home. Would there be a better way of making the safe foundation for myself?