Hello everyone. I finally got the guts to introduce myself in the forum and I know I won't regret it. I've been listening to the BP pod casts for a few months now on a daily basis. To and from work, at work, while I'm getting ready. All the time(Listening as I type). I've learned a lot but its time to put it into action and that's where I'm at now.
A little bit about me, I'm 28 and live in El Paso Texas. I have a strong construction and remodeling background. 14yrs+. Yes, I started working at a young age. I am currently working for Raytheon earning good income and I am also in the US Army reserves. Which brings me to a big reason why I found bigger pockets.
I finally qualified for a VA Loan and I've always wanted to use it to buy an income property (4Plex being the biggest). I don't have to put a down payment nor I will have to pay PMI and have a low interest (3.5%). Having this in mind, I'm having a hard time deciding if I should purchase a more expensive (160k-190k), new property Triplex (built within 2 years or purchasing a property that is cheaper (120k-150k), already tenanted but it is only a duplex. Is buying a newer property worth that extra money?
I've read and listened to a lot of posts and pod casts but I thought id explain MY situation to better decide. This will be my first purchase of many and I want to start off in the right track. Any help will be of a lot of help!
Thanks BP'ers!!
