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Updated over 9 years ago on . Most recent reply

User Stats

31
Posts
5
Votes
Michael Weis
  • Virginia Beach, VA
5
Votes |
31
Posts

hello all

Michael Weis
  • Virginia Beach, VA
Posted

my name is Mike, a married military man with our first child due next week living in Virginia beach.  My wife and I purchased our current home in November 2012 with a va loan at a fantastic interest rate.  I am currently doing research and preparing to purchase an investment property in approximately 18 months.  Interested in buying a townhouse in Virginia beach or Chesapeake.  Will have approximately $25,000 to spend between a down payment, closing costs and necessary repairs.  Would like the monthly mortgage/taxes/insurance to be no more than $750 per month and I am hoping to be able to charge between $1000-1300 per month for rent.  I consider myself pretty handy and do a lot of repairs myself.  Looking for any advice or guidance anyone is willing to share. 

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