Skip to content
×
PRO
Pro Members Get Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
$0
TODAY
$69.00/month when billed monthly.
$32.50/month when billed annually.
7 day free trial. Cancel anytime
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Buying & Selling Real Estate
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated about 7 years ago,

User Stats

265
Posts
59
Votes
Eric DeVito
  • Staten Island, NY
59
Votes |
265
Posts

What would you do in this scenario?

Eric DeVito
  • Staten Island, NY
Posted

Hello all, I have a possibly scenario that I might be facing soon and would like some input which route is the best to take. I currently reside in NYC and will be moving to another state where the RE market is more investor friendly and easier to break into. That being said, I am also a veteran and I have a VA Loan. I will be selling my SFH house here in NYC and I am looking to be making at least a profit of $250,000 on my current home. So VA Loan + $250,000 cash and moving to another state for a new job. Now I am thinking should I buy a 4-plex with the VA Loan and put 0% down or maybe put some type of cash down? Maybe just buy a nice SFH home and pay it off in cash and live comfortable w/o any headaches. Just so many options. I want to make sure I am using my funds wisely. I am new to investing as well and I've never been a landlord. Have been on the forums/biggerpockets for quite a while though.

Loading replies...