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All Forum Posts by: Deven Wolfe

Deven Wolfe has started 1 posts and replied 2 times.

Starting Out

Post: should I be paying out of pocket monthly just to cover mortgage?

Deven WolfePosted
  • Puyallup, Wa
  • Posts 2
  • Votes 0

I'm In Washington State, prices are pretty high right now, and there is not much inventory in the aria I am looking. I'm also looking to use my VA loan. I think I will have to change my strategy in order to get started @Kathy Henley

0 Votes
Starting Out

Post: should I be paying out of pocket monthly just to cover mortgage?

Deven WolfePosted
  • Puyallup, Wa
  • Posts 2
  • Votes 0

I am looking at a duplex with a monthly mortgage higher than the rent being received. One tenant has a lease until next July, and the owner wants a 6 month lease after selling with a set price, and none of that is including the utilities. My Real estate agent told me that its normal for an investor to pay out of pocket to operate an investment property. To me that sounds upside down, thoughts?

0 Votes