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Updated over 5 years ago, 03/21/2019

User Stats

2
Posts
1
Votes
Sheldon Nave
  • Blackwood, NJ
1
Votes |
2
Posts

Just brought a house, what now?

Sheldon Nave
  • Blackwood, NJ
Posted

Hey biggerpockets community.

Me and my wife just brought a house, for a decent price not the best because it doesn't have equity in it ( A concept I just now learned). This is our first home so we don't know too much.

But I'm in the military so I got a VA loan and basically put no money down and the sellers covered closing cost. House cost 183,870 with 5.125 percent interest rate. Decent sized home as well. But my question is what should we do with this house let's say one or two years down the road should we sell it, our main idea was rent it out but IDK how good our area is for that we are located in South Jersey

For additional information just ask and I appreciate all the help thanks a million

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