All Forum Posts by: Gildardo M.

That is an impressive 4 months right there!

Hello, everyone! My wife and I are going to check out a duplex around our local area in hopes to purchase it as our first property. 

It's our first dip into real estate, and it sounds too easy. I know there's a lot more behind it that involves a lot of acronyms and hours of work, but I definitely don't want to work my entire life.

This is the math I've come up with and I'm sure it's not super accurate.

Payment for the house at $137,900: $800

Renting out one side: $600

Housing Allowance in my area: $897

Left to pay: $200                                  

Banking: $697

Why does it sound so easy?

I understand it's not always a guarantee that I will have a tenant, but right now, the house already has a tenant.

The way I justify being able to manage not having a tenant for a while is because for a whole year, I went comfortably throwing my money to renting a house. With the profit I'll be making from renting out half of the house, I can save it for emergency vacancies and any problems that come up with the house, and this is on top of the money I save from my regular paycheck.

Hello, everyone! I'm new to this forum and to the real estate world. I joined the US Air Force a year ago and since then, have moved a small chunk into a mutual fund in order to get started with my financial freedom.

As a 20 year old married man with a dog and cat, I have different obligations than the regular 20 year old and have turned into a real penny pincher. I'm all about living within our means, especially if it means that we will grow financially.

Right now, I'm looking into buying my first property, a duplex. I've read a little bit on it. I think the best place to ask this question is on my introduction so I can start a conversation with members of the forum and get to know you guys. 

What do you guys think about buying a duplex as my first property? I'm going to get a 30 year fixed VA, so I won't have to put any money down, sound investment right?