All Forum Posts by: Brian Towner

@Jim Adrian Hey thanks for the reply. I would consider a property manager if and when I get orders. I will check to make sure how long it sat for.

@Travis Hughes Will look up the HOA if there are any rent restrictions. Going to call back the agent and ask about the property. Thanks for the reply.

Alright guys I need some advice. I've spotted a SFH 4Bedroom/3 Bath 2004 Sqft about a 5 minute drive from a Military base. It is a foreclosure at 171,000 dollars but zillow estimates it at 300,000 dollars. From the pictures it looks like a very nice house needing no rehab.

I had two options, one to buy and hold and rent it out preferably to military because they have a guaranteed pay check. Rent is estimated at 1900 a month.

 Two, I'm not sure if you are able to buy and then flip foreclosures which is why am asking.

In your opinion how would you go about acquiring this property? What questions should you ask a realtor if you even need one? What are some troubles with buying a foreclosure if you have no money down? I am active duty so I have the VA loan as well.

Thanks.

Bryant Schur Correct sir.

Bryant Schur Hey how's it going man, My question to you is that I am interested in buy and hold/ house hack. My plan is to buy a house at a good deal and rent out rooms to pay for my mortgage. Should I go about looking at "pretty" houses priced at 200-300k as long as my roommates can pay my mortgage and I get it at a good deal? Or go for something lower end in the 100-200k range. I plan on holding it for 5+ years. I know it all depends on the market and what not but how do I go about starting? Should I use my VA loan or a FHA loan or go for something that's not under me as in owner finance or taking that route? Very Respectfully, Brian