All Forum Posts by: Jared Smith

@David Krulac yes. The house is in one of the best and most preferred neighborhoods in Lakeland, TN. The Lakeland elementary school is actually in the development and it is either a 9 or 10 on Greatschools.com.  Rentals go fast in the neighborhood (many homes rent out to officers from Millington on 2-3 year tours) and the school district is being refined to build a new middle/high school not far from our home (breaking off from a much larger system). The area shows many signs of being on the up and up.

We would be renting it out for ~$2450

Steve B. the thing here is that b/c we used the VA loan we didn't put any money down on this property. If we sell we would payback the loan in full and maybe have a bit leftover as cash out.

Hello everyone,

We are currently living on the outskirts of Memphis, TN in a great, up and coming area. We purchased a home in 2013 for around $400k at 3.5% with $0 down and no PMI with a VA loan. Now we are getting ready to move with the Navy and are trying to decide to sell or rent the property. We would be able to net about $200-$250/month. this would be our second rental property.

Thoughts? 

Thanks,

Jared