All Forum Posts by: Jimmy Watson

@Bob E. Great video, very informative (and a bit scary).

@Bob E. Thank you! Definitely feel like a recession is on the horizon. If only I could time it perfectly!

@Matthew Failor thank you! Hahaha, love that Buffett quote.

@Axel Meierhoefer thank you!

To answer everyone’s question in regards to living in the property for at least 2 years, the answer would be no but I believe I still meet the requirement. Reason is because I bought the property, and then immediately received orders to deploy. I returned and then I was stationed overseas in Ukraine and later Indonesia. I believe that since I was forced to leave my residence for the military, that I would still qualify for the tax exemption but I am not too sure.

I definitely want to look into buying more properties with my VA but it doesn't look like there is anything I can buy in SD with the prices where they are right now! I've been looking but everything is crazy.

Will definitely DM you in the future to discuss further! Thank you

@Joshua J Cawthorn thank you! I hear you on this low inventory… my gf is searching for a property and is getting beat out every offer she makes (sometimes by over 200k!)

@Cara Lonsdale thank you so much for the very informative and helpful reply! Gave me a lot to think about and I really appreciate how detailed you were with everything. I definitely need to sit down and think about everything long and hard.

@Zack Karp great points, thank you!

@Richard Balsam never thought about the turnkey stuff or knew about the note investors and selling rental income up front. I’ll have to look into that- thank you!

@Joe Villeneuve what you’re saying makes 100% sense and I want to do that… I just don’t see how it’s possible. While I would have enough for a down payment on a 1,000,000+ property, I just wouldn’t be able to afford the mortgage. Unfortunately, 1.25 mil only gets you a decent sized single family home in a decent neighborhood here in SD, so I couldn’t get a multi and rent it out (unless it was in a less desirable area).

Any it’s on how to make this work when my income prohibits me from being able to afford a mortgage worth more than $3200 / month?

@Twana Rasoul thank you- very good points about the cash flow. I haven’t thought about it that way.