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Updated about 6 years ago on . Most recent reply

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Rafael V.
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10
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How should I move forward?

Rafael V.
Posted

Good afternoon everyone! Just wanting to ask how should I get started, I'm 22 currently a student and I have around $50k saved up. I'm interested in doing student rental properties. I found a great location to start, but not sure what to do next. I'm also part time military (Air National Guard) and will see this weekend if I'm eligible for a VA home loan so no down payment is required on my first home purchase. Which route should I take in order to get the house? How do I go on about making an offer etc...?

The house I'm currently looking it as is around $137k for a 5 bedroom/2bathroom. It's a 2 min drive from the university and rents are going for around $2,500-$3,000 a month. Tenant pays all utilities so the expenses are very low. Any advice/insight would be greatly appreciated, thank you.

Most Popular Reply

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233
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Megan Phillips
  • Rental Property Investor
  • Vermont
147
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233
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Megan Phillips
  • Rental Property Investor
  • Vermont
Replied

@Rafael V. maybe speak to a real estate agent to verify your estimates, and they could make the offer for you also, talk to a few before choosing one to see if they are a good fit.

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