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First Investment Property
Hello, I currently own a home already (VA loan), I used all of my entitlement for it already so I cant use it again. I am looking at buying my first rental but it appears that the only loan that is available to me is a conventional loan since the usda, fha, etc. require the purchase to be my primary residence.
I have about 25k to invest (to include closing cost), I wanted to ask if anyone knows of a loan that would work for my situation.
Furthermore, a more important topic is that im asking for advice on a location to get the best returns with this investment amount. i.e. good price to rent ratios, ROI, CoC, Cap rates, etc.
I greatly appreciate any help!
I have about 25k to invest (to include closing cost), I wanted to ask if anyone knows of a loan that would work for my situation.
Furthermore, a more important topic is that im asking for advice on a location to get the best returns with this investment amount. i.e. good price to rent ratios, ROI, CoC, Cap rates, etc.
I greatly appreciate any help!