All Forum Posts by: Ben Kappel

VA loans are the best, get as many as you can! You just need to commit to live in the property for one year. After that move and buy whatever you like, it will still be a VA loan with a low low interest rate and you can rent it out. There is a debt ceiling for total loan amount VA loans allow, but its pretty high. I used USAA and they were very easy to use. I have one VA loan out of 3 properties, but I wish they all are since the rates are so low and you can get 100% LTV. If you don't mind moving every year keep buying.

Best advice is look at the market and see what others are charging.  When I listed my last property, it was one of just a few places that even allowed pets, which means I could charge a pet fee (non-refundable) on each months rent of $100.  Especially if your allowing large dogs or cats. (never allow cats, they destroy properties).  My opinion is deposits don't work, and the animal(s) are gonna cause more damage than that deposit anyway, just stick with a monthly fee, even it its small like $25.