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Updated almost 7 years ago,
How to afford a more vet to DC, and leave 2 years later w/rental?
Hello,
My first post is a big one for me. I’m moving to D.C. from Dayton, Ohio in four weeks to take a temp promotion (2 years). Although it’s a $17k/year raise, the cost of living is crazy higher.
With a 2-year residence in mind, I am eyeing an FHA loan. I only have $112k left of VA entitlement left, which might get me a cardboard box in DC. But I'm also getting married in August, so I can't afford some colossal real estate purchase — even at only 3.5% DP.
What/where should my game plan be to live somewhat comfortably, and leave in a couple years with a cash-flow property?
I currently have two past residences (SFH) that I rent out totaling
Jon
Thx, Jon.