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Updated 2 days ago on . Most recent reply

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Austin Eichhorn
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New and Motivated Investor

Austin Eichhorn
Posted

Hello everyone, my name is Austin and I am in the beginning phases of becoming a rental property owner. I have always considered buying rental properties, but I have not committed to fully understanding the business until recently. I am currently taking any and all knowledge regarding property ownership and am very grateful to be apart of an amazing community here at BiggerPockets. About a week ago, I finished reading The Book on Managing Rental Properties by Brandon Turner and Heather Turner which was cram packed full of very valuable information and through the book I was directed here. I am 27 years old and am a veteran; therefore I plan to utilize the VA home loan to purchase my first rental property. I plan to use the house hacking method for the first few years buying duplexes, triplexes and quadplexes. I am taking a year to learn the business before I purchase my first property in July of next year. I am honored to be here and be apart of a very prestigious group of people and I hope to learn a lot from those who have knowledge to share. Thank you.

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Austin Eichhorn
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Austin Eichhorn
Replied

Hey @Jaycee Greene, thank you! At the moment, since I'll be utilizing the VA home loan, I intend on taking advantage of the 0% down payment option and am primarily considering duplex or triplex properties that are move-in ready. However, I do hope to find a property that could use some minor improvements such as lawn care, more appealing flooring, porch or deck renovations, new paint, etc. My price range is anywhere between 140,000 to 200,000.

It's a pleasure to meet you! 

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