Zero Money Down On Personal Home

[Nick Rodriguez]

I purchased a new home about two years ago with a VA loan, and put Zero down. I would like to use this property as a way to get my feet wet in the Land Lord business, but i'm not sure exactly how to measure the income. Purchased home for 125000 with zero down as i said, currently have about 10 thousand in equity. Market is about 1000 dollars in neighborhood for rent, and monthly I believe i would be losing less than fifty dollars, but with zero money down is this still a bad deal?

Should i just sell or use it to build equity on no money down?

[Nick Rodriguez]

I agree with you, and just wanted to get some differeing opinions about zero money down. I can see arguments about both sides, but in the end if you are losing money month-month, then you are losing money.
Good post Brendan