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Updated over 8 years ago on . Most recent reply
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Primary Residence Now, Rental Property Later...Mortgage Strategy?
I am soon to purchase a single family home that is going to serve as my primary residence. I'm a first-time home buyer and using a VA loan, so I have the option of putting 0% down. I do however have the funds to put up to 20% down. I would love to keep this house as a rental when I move out someday.
That being said, I would love to hear what your mortgage and payment strategy would be. Of course your goal, besides having a great place to live for the time being, is to have a cash flowing rental property when you move out 2-5 years from now.
Thanks!