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Updated over 10 years ago,

User Stats

58
Posts
5
Votes
Jeremy Sanders
  • Cameron, NC
5
Votes |
58
Posts

Investing in Condos

Jeremy Sanders
  • Cameron, NC
Posted

hello!! My name is Jeremy and I'm interested in investing in Condos in the Fayetteville area. Here's alittle more about my background. I'm currently an active duty soldier stationed at Fort Bragg NC. I have lived here for 3 years and I'm originally from Smithfield NC. I own property in Cameron Nc with a mortgage of 808.00 a month, and owe139K on my home I purchased using my VA Loan. I have stayed there for a year now. It's a 3 bd 2 bth multi-level home. My first question is what I should do with it. I have thought about either selling it or renting it out. The reason I would consider selling it would be the fact of being eligible to use my VA loan again in the future. Plus couldn't it help out when financing for another property when it comes to debt to income ratio? My major plan is to purchase at least 2 condos in the same development. Living in one and renting the other. Hopefully if that works out I can continue to invest in condos on the same development and start buying condos on the coast, not mostly for renting but just for vocational purposes. I want to atleast buy one condo every year for my birthday as a present for myself. But I worry about financing, and also being robbed by realtors. Would anyone being willing to give me better insight, realistically. Also help me with building a more found business plan for my future in-devours.

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