Primary residence or not: How would you start?

[Maya Dib]

Hello everyone, My husband and I have 2 kids and have already started looking for properties in the Hampton Roads area of VA. Family of 4, ideally I’d like to live in a long term single family home. House hacking just seems like a stretch for us as we are going to be in VA for a few years. We want to start investing right away so we’re thinking VA loan for primary residence purchase, conventional loan for our very first investment property shortly after. We will not be in VA forever so ever our single family will become a rental. Any thoughts or suggestions would be appreciated. Thank you.

[Bill S.]

@Maya Dib slow and steady wins the race. If you have the down payment, have reserves and can afford the carrying costs of the rental it's probably not a terrible idea. It's probably not the fastest nor provides the highest returns but again it doesn't sound like that is what you are shooting for. It's simple, straightforward and if you have the money very doable.