All Forum Posts by: Malcolm Miles

looking forward to it!

Inspired. Congratulations!

@Ramon Purifoy 

Thanks I appreciate the feedback. This is exactly what we plan to do and take advantage of the low interest rates it provides. Campbell should be here for the long haul! Thanks again.

V/R,

Malcolm Miles

@Jennifer McElliott I appreciate the insight. We also think that this will be great idea and possibly move out next year and re use the VA loan. Most importantly is that we will treat both as an investment property and not a "dream home". I also agree with taking advantage of the interest rates. Good luck to you and your family on your new endeavor!

@Hunter Letchman I will definitely keep in touch. You've been added to the Roledex! In the meantime I will continue to sharpen my tools. The going theme is to buy it right so I live by that mantra. I'm confident that my market is fruitful so I have to take advantage. I will look into the criteria you've stated as well. Cheers!

@Account Closed thanks for the knowledge! Good stuff I'll stuff in my tool kit going forward. I have a couple questions for you. Do you invest in multi family or SFH? Use property management? What ROI do you look for with an investment? And finally, how do you finance? Thanks again.

Jeff, 

 I have read a little bit on that subject as well. I assume M2M is month to month? Also, what do you mean by verify your processing of deposits?

Kerry,

Thank you very much for the great nuggets of advice. I will be calling the housing office tomorrow morning! The biggest issue we have now is striking the balance between an investment property and the type of home my wife is willing to settle in. I can swing the down payment for an 80k-90k home all day but the typical house that attracts her (150k) is a bit out of range. I cant hold that against her so we just have to meet in the middle. This is why I have been tempted to use the VA loan while still purchasing using all the criteria needed to make a profit when we leave. The goal is to also purchase a SFH with my own capital in that 80-90k range for my first actual property. Plan is to continue to save and repeat asap. I will take heed to all the advice you have gifted. Thanks.

Hunter, thanks a lot for your feedback! The base does have high turnover from what I'm tracking (Fort Campbell). The average 3 bed 2 bath rents for about 850-900. They sell for about 80k-100k. I plan to finance one of these homes with 20k. Catch is, I was thinking about using the VA loan to purchase a primary residence for my family in hopes to rent it out later. Looking to spend maximum 150k and rent out for 1300 a month. Not quite 1% but close. What you think?

BP family, good afternoon. I need some advice on whether buying a House near a military base is a good idea. We won't be at this base for more than four years so I'm curious if buying a house here with plans to rent it is a solid investment. I plan to purchase the house as an investment by running the numbers thoroughly and making sure that the house will rent for a good price upon us leaving. I will use the VA loan to purchase the property. Any advice?