All Forum Posts by: Charles Rixey

Jesse, I am also in the waynesville area and recently looked at duplexes using a v a loan. I am confused by your numbers. Are you referring to 235000 for both sides of a unit or just one? For a 3/2 I was seeing price averages of 120-150 per half of a duplex. If you spend 230000, your mortgage with a va loan should be 1350 ish, with taxes and ins. That leaves you with 1900-1350 = 550 before management fees if both are occupied, or 275 per side. I'm just trying to figure out what the whole duplex is worth because the math seems a little off. If management is 10% and you are building new, you will have plenty of time to set money aside for future repairs. You shouldn't be -80 per unit, for sure! -Charles

Jesse, I am also in the waynesville area and recently looked at duplexes using a v a loan. I am confused by your numbers. Are you referring to 235000 for both sides of a unit or just one? For a 3/2 I was seeing price averages of 120-150 per half of a duplex. If you spend 230000, your mortgage with a va loan should be 1350 ish, with taxes and ins. That leaves you with 1900-1350 = 550 before management fees if both are occupied, or 275 per side. I'm just trying to figure out what the whole duplex is worth because the math seems a little off. -Charles

Don't know that I can make it out there again, yet, but who knows?

Thanks @carlos! It was worth the trip!

I will be able to drive down from Missouri after all. Very excited to get the ball rolling and meet similar investors!

Thanks, everyone! I'll be in Dfw on Thursday for the meeting

@nathaniel
Semper Fi!

Just came to Missouri to be an MOS instructor ....
I may hit you up on VA lending.... My first rental (former primary residence) was VA and I just did a VA streamline on it after I rented it out. Can I use VA again as long the combined total is under the maximum?

Thanks @carlos! I'm going to do everything I can to drive to the meet and greet next week

Thanks! I may have some questions about multiplex investing financing later, Diego A.

Good Luck and Welcome, Colin!

I am a buy and hold newbie (1 property) from the Dallas area and I am just starting the process of looking for more. I also just moved from Virginia (stationed in Quantico) so i know where you came from as well.