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Updated about 4 years ago on . Most recent reply

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William Fox
  • Monterey, CA
1
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Investment Property in Monterey CA

William Fox
  • Monterey, CA
Posted

Hello all, I am brand new to BiggerPockets, and also new to Real Estate.  I'm currently living in Monterey, CA as a Military member and am potentially looking to buy my first home/multi-family home here.  The goal is to live here for a year or two and then rent it out long term as an investment property.  My wife is working as a nurse so upon my retirement from the military we're thinking we may return to the area down the road as well.  

I'm planning on using my VA loan to fund the potential purchase of the home and am just curious how the market is and if there is any potential for properties that will cash flow (in Monterey or the local area). Any and all input would be greatly appreciated. Thanks for your time, and have a great day!

Very Respectfully,

-William

Most Popular Reply

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1,059
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Kevin Hunter
  • Rental Property Investor
  • Carlisle, PA
541
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1,059
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Kevin Hunter
  • Rental Property Investor
  • Carlisle, PA
Replied

@William Fox, welcome to BP.  You have come to the right place to learn and network.  There are a lot of military members here, me included, that can provide insight, guidance, lessons learned etc... just reach out to them.  Not smart on the Monterrey area myself, but there are a lot of people here who are......Good luck!

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