All Forum Posts by: Gabriella Woods

@Raymond J. Rodrigues I think you are probably right, I haven’t dived into analyzing the numbers too much yet which I need to do. Thank you for the response! and talking to others to see how it’s worked out for them is a great idea. thanks again!

@Twana Rasoul That would be wonderful, we will have to see where I end up! Thank you, I greatly appreciate it.

@Twana Rasoul Thank you for the response! and yes, see that is actually what i was planning at first once i started getting into all of this but i honestly scared myself into thinking it was too risky to buy such an expensive property for my first one. it definitely still crosses my mind because i will be put at an advantage of finding tenants consistently with active duty members constantly needing housing in that area. It’s the fear of not having a tenant and needing 2-3k for every month it’s vacant that steered me away from it.

I am currently stationed in Augusta, Ga where cost of living is super cheap and the area is growing decently. I have a remainder of 1 year and 5 months left here, that being said, with a VA loan I would have to occupy the home for a full year which means I really have 5 months to purchase a property. Ideally I would want to purchase a multi family home but there aren't really any in the area due to how cheap it is to live here. anyway, I intend to be stationed in either Hawaii or San Diego next which obviously isn't somewhere I, as a beginner should start investing. I am currently rooming with someone and I am pocketing about 700 dollars every month due to BAH (aside from my regular pay). I have considered buying a home here and renting out the bedrooms while being here to make some profit but also to rent out the house after leaving this place. My question is whether i should take advantage of the buying opportunity with having 0 down with the VA loan to purchase a house here OR if I should continue to save in my current position and while being in Hawaii or SD (if all goes well) and eventually buy a property out of state using a FHA loan. Any advice ? Keep in mind I have no idea what i'm doing. Thanks!