All Forum Posts by: Jared Viernes

My pleasure.

Emma Kellenberger you can go VA you must be an owner occupant. I suggest either purchasing a duplex to quadplex with your VA loan. Or purchase a SFH that would work as a rental assuming you were to rent it out at the current expense #s vs likely rates; include property management as well. Then when you PCS from Ft Bragg you can turn it over to PM and use it as a rental. I have known several NCOs and Officers that purchased a SFH at each of their duty stations; handed them over to PM and finished their 20 years with two sources of passive income. Highly suggest you look at the southern pines area if there are any deals; that is where you find the majority of the higher BAH earners going. Airborne!!!

Abimael Rivera-Lopez first off, thank you for your service. Second, definitely sell. If you are cash flowing negative you are getting a negative return on your equity. You can sell and pull out your equity and use it to purchase investment properties. Make sure you apply to get your VA loan benefits reinstated. Then when you move to MA you can purchase your primary residence with the VA loan (ideally a multifamily property) and your extra cash you can use to invest. Best of luck my man and let me know if you have any questions about you VA loan benefits.

If you haven’t used all your VA loan benefits you could potentially use your second tier benefits on a new home and leave the first loan in place. I’d have to learn more about your particular situation.

Professional Home Buyers (Tony Javier), PropertyRx (Ben Sherman), and Friendly Home Buyers (Jeremiah Johnson).

@Jacob Henderson it's better to overestimate the costs a little than to make the numbers fit.  11% return is pretty good.  Especially when you consider the average appreciation in Wichita is 10% since last year, you get debt pay down, as well as depreciation and interest expense.  Considering it all together with your equity build up and cash returns make the deal significantly better putting your money in the stock market (especially with the current volatility).  Since it doesn't look like we will be out of a seller's market in the area any time soon you can likely count on at least a little bit of appreciation in the next few years.

Jacob Henderson analyze the deal as if you are going to have tenants in each side (you are essentially paying yourself by not getting that income and living there). I think you are making a good choice by paying down a mortgage instead of paying someone else’s. One question, did you tell them you were going to put 5% down on a multifamily as an owner occupant?

Ty Jon!

Lonnie Waliczek when you say “local appraisal values” are you talking tax appraisal? If so, those are almost always off from market price.

For some reason the link didn't post - it can be read on my blog located here:

https://www.biggerpockets.com/blogs/10253/72411-wi...

Titled:  Wichita, Kansas Real Estate Market Report - 01 April 2018