Skip to content
×
Try PRO Free Today!
BiggerPockets Pro offers you a comprehensive suite of tools and resources
Market and Deal Finder Tools
Deal Analysis Calculators
Property Management Software
Exclusive discounts to Home Depot, RentRedi, and more
$0
7 days free
$828/yr or $69/mo when billed monthly.
$390/yr or $32.5/mo when billed annually.
7 days free. 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 over 6 years ago on . Most recent reply

User Stats

17
Posts
0
Votes
Bain Craddock
  • Phoenix, AZ
0
Votes |
17
Posts

Phoenix vs. Houston with VA Loan

Bain Craddock
  • Phoenix, AZ
Posted

BiggerPockets Family,

I am active duty Air Force currently in Denver, CO but am about to move between December and May 2019. I bought a condo in Denver (plan to Air Bnb or rent when I move) and am looking to refinance in order to recapture my full VA loan, then buy a duplex/tri/quad in either Phoenix or Houston. I have an active duty job offer for Phoenix and a National Guard offer for Houston. I plan to House Hack the duplex/tri/quad and keep them as long term rentals with the exception of the unit I'll be living in. The VA loan covers a $450k purchase (given that you qualify...I will) with no downpayment. I have 3 questions for you as I'm relatively inexperienced and definitely not familiar with either location.

From a real estate perspective only:

1) Would you choose Phoenix or Houston? And why? I'd prefer a property that only needs cosmetic work and is located near a good part of town as well as an "attraction"- ie baseball stadium, hospital, concert venue- so I'll have the option to Air Bnb if I choose to. 

2) Generally, which city has a higher profit on rentals?

3) Where would you find the deal?

4) For those of you in these areas, does 450k even cover a duplex/tri/quad?

Thank you all so much for your help!

Loading replies...