2nd Home Purchase (future rental)

[Ryan Delvaux]

Investment Info:

Single-family residence buy & hold investment.

Purchase price: $248,500
Cash invested: $1,000

I purchased my second house with a 0 down VA loan renting two rooms to friends to help offset the mortgage. I currently pay less than I would in rent and plan on renting out the house entirely (market rate is around $2,000) when I have the money to purchase a third home.

What made you interested in investing in this type of deal?

The income potential of my other home as a rental

How did you find this deal and how did you negotiate it?

Found on Zillow and used a real estate agent who offered me half of their commission

How did you finance this deal?

VA Loan