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Updated about 4 years ago on . Most recent reply

User Stats

87
Posts
42
Votes
Kristopher Kelly
  • Investor
  • Fort Walton Beach. FL
42
Votes |
87
Posts

What's My Next Move?

Kristopher Kelly
  • Investor
  • Fort Walton Beach. FL
Posted

Hello All,

Let me set the stage for the best possible help. 

In September I got a condo that I can cashflow about $200 a month.

I have a VA loan on the property.

Is it worth going and buying a Multi living in one unit and renting out the others and keeping the condo?

Or should I just buy the multi and then sell the condo and use that money to buy another multi?

Many people I have read about keep their properties for a long time. I believe I am just overthinking again like I always do.

It might be a stupid question. Or if you have a better idea that would be great. Thank you for any help you may have.

- Kristopher Kelly ( Newbie ) 

PS:I am in Delaware in the Military if anyone is around here and would like to meet up and talk about real estate!

Most Popular Reply

User Stats

87
Posts
42
Votes
Kristopher Kelly
  • Investor
  • Fort Walton Beach. FL
42
Votes |
87
Posts
Kristopher Kelly
  • Investor
  • Fort Walton Beach. FL
Replied

@Eric Armstrong

With the condo being so new I do not see any major repairs but you’re correct with the note of not having much in reserves if something were to go wrong. Thank you for your help. I might just do that then. Maybe Air BnB it or something. I need to see what I can even get pre-approved for before talking about getting a fourplex ha-ha.

But seriously thank you for the insight.

-Kristopher Kelly Delaware Newbie Investor

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