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Updated over 2 years ago on . Most recent reply
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Help on my next deal
Hello Everyone,
I bought a single-family home in Portsmouth, Virginia for $180k utilizing the VA loan back in 2020. Since then I've rented it out for $1500/mo. I utilize a property manager, so I cashflow about $300/mo. I have about $8k in savings, $60k in home equity, and around $15k in my retirement accounts. I would really appreciate guidance on how to go about my next deal sooner rather than later. I'm looking at multi-family homes. I'll be moving back to California soon, so I'm looking at potentially going into markets in other states. I do realize I still have about $420k in entitlement left in the VA loan. Any tips, guidance or mentorship would be much appreciated. Thank you all!
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I'm not sure what services they have in Virginia Beach, in Idaho we work with a company called Mountain West Bank. They will help take what is in your IRA and purchase realestate, its a great way to get into the market if you don't have a huge down payment and don't want to pay the current interest rates.