All Forum Posts by: Bonnie Lang

First time posting so sorry if I am missing some details.

I am in the military and will be assigned to FT Eustis, VA for the next 3 years. My husband and I have been buying and living in single family homes then renting when we move (only when the numbers make sense, 1% rule or better) I have recently been looking in the Williamsburg/Yorktown/Newport News areas and haven't found anything that looks like a smart investment based off the 1% rule.

Due to our family size (family of 4 possibly growing to 5 while we are there plus two large dogs and a cat) we are looking for a 3-4 bedroom home, over 1,500 sq/ft. I know it is a buyers market right now and the prices I am seeing are in the $250,000+ range with rents at about $1900. 

What confuses me is when I brought the topic up in a military landlord page tons of people recommended investing in that market. Are they wrong or am I missing another factor that could make this area worthwhile? 

If anyone has any recommendations on how to make this next move a smart investment please let me know!

Thanks!