All Forum Posts by: Account Closed

Hello all. I bought my first townhouse using the VA loan with no money down. Been in this property for about 5 years now so I have a loan principal of about 200k left.

I wanted to see if anyone has experience with using a second VA loan for this kind of venture. Please let me know. Thanks.

@Michael Ealy

This is great. Congrats.

But probably something a regular / sole investor will never get to do lol.

@Calvin Ozanick

How is the market there? I would probably look at something within 30 mins of me (if I have to manage)

@Eudith Vacio. I couldn’t find the group on the app.  I’ll try again.  

What’s house hacking?  Sorry I’m usually good with references haha. 

How many properties do you have?

@Joe Villeneuve this entire real estate thing seems like a big pain in the ***.

@Kris H. What does this mean?

Thanks for the replies guys!    Well I’m a complete newbie and own one properly already (the one I live in). How did you guys start investing?   I smell some conversions over beers here soon!

To answer your question Rj, I’m open I guess as long as it’s a C+ area not too far from the west burbs. 

Thank you so much.  This completely rethinks my mindset.   

Sorry to ask for free information.   And I know there will be so many diff opinions.   But my wife and I own a townhouse.  Worth about 240 and have 200 left on principal.  We were thinking about moving in 2-3 years and keeping this TH for a nest egg later on.   Is it actually worth it?   I don’t think I will be making a lot monthly (based on your info above).  Maybe $300 a month.   But. The renters will be buying down our principal.   Thoughts?

Anyone want to throw around ideas? I’m new.