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Updated 11 months ago,

User Stats

15
Posts
2
Votes
Marcus Jones
Pro Member
  • Rental Property Investor
  • Pensacola, FL
2
Votes |
15
Posts

Pensacola FL, First time VA purchase, Questions on Location/Strategy

Marcus Jones
Pro Member
  • Rental Property Investor
  • Pensacola, FL
Posted

Hello all! I’m just curious on how some of you pros would start out if you had a stable dual income household $135k/yr, a 3 month emergency fund, and 15k saved up. I'm going to be stationed at NAS Pensacola but my wife will probably be working at Hurlburt Field or Eglin AFB. 

My thoughts are find a house that doesn't need rehab because I'll be extremely busy with training. I want to get a 3/2+ or 4/2+ and rent out a room to 1 or 2 roomates with furniture/utilities included for $8-900 each. After I move again in 1.5-2 years I would love to just LTR but I think I need to convert this to a MTR and fully furnish because I'll be coming out of pocket $500+ a month if i LTR because of reserves & mortgage. LTR rental rates I'm seeing are roughly $1700-$2100. I'm feeling apprehensive about making a mistake and not sure where to start and really want to get specific on my strategy. 

  • Marcus Jones
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