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Updated about 8 years ago on . Most recent reply

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26
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Lisa Landivar
  • Investor
  • Lexington Park, MD
5
Votes |
26
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How can I up my game in Real Estate Investment

Lisa Landivar
  • Investor
  • Lexington Park, MD
Posted

Hello BP community!  I am really excited I found this website! 

My name is Lisa and I live in MD where I just started running an AirBnb business out of my home(really excited about it, going good so far). 

I own a home in WA (Whidbey Island) that I am currently renting out, but I am about to put on the market for sale because the market has skyrocketed in the area.  

I keep buying houses where we go because its really easy with the VA loan, plus we get to be owners and not RENTERS where ever we go, and lets be honest, the NO MONEY down is the best part!

My whole plan was to buy houses where the military puts us, and live in them until the military moves us, fix it if needed, rent it, and then sell it when the market is high to make money. 

But recently I have been thinking about uping my game in real estate investment. I want to maybe purchase a duplex, or tri-plex, of course we would have to void out the VA loan because you have to live in the property you buy for at least 2 years with VA. So, I feel after we sell our home in WA we will have some good money to invest into a property using a conventional loan maybe?

I was wondering if anyone had any ideas considering my current status, maybe a particular area I should consider for buying? Is it smart to buy a condo? I am open to any suggestions and ideas!

I want to be bolder and make more riskier choices, The buy and hold of single family homes is pretty good, but I can't find no return on my investment until I sell it seems like.

Thank you so much!

Most Popular Reply

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472
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Jeff Dulla
  • Lender
  • Western Springs, IL
245
Votes |
472
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Jeff Dulla
  • Lender
  • Western Springs, IL
Replied

Lisa - Multi-unit all the way. Four unit if possible. And you can definitely use VA to finance that property. You need to check your entitlement but you should be able to continue to put 0% down.

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