All Forum Posts by: John Philip Eugenio

Hi everyone!

I am in the Military and I will back in San Diego in few months. I have been doing research how to fund my 2nd property.

I already used my VA Loan and I still have $310K remaining with San Diego Limits.

I recently submitted a request for HELOC for $100K.

I also have cash approximately $60K that I can probably utilized.

However, I can't decide.

Should I use the remaining VA Loan and buy a townhouse in Chula Vista? Townhouse cost about $500K - $650K which it is going to require for me to put downpayment. Since it is VA Loan, it has to be my residential home and I only have about 1 year left in San Diego. Rent it out after I leave. NOTE, I still do not know where I am going.

Or

Should I just buy out-of-state such as Las Vegas or Jacksonville, FL by using HELOC and cash?

Looking for any advice. Thanks in advance.

@Brian Walters I greatly appreciate for these inputs.

@Brian Walters I appreciate it. Why do think Vegas is a great place to invest?

Hi everyone,

I am new to real estate investment. I own a rental property at Oxnard, CA and it has appx. $200K equity. Currently, I live in San Diego, CA which properties are way too expensive to afford. Therefore, I am thinking about doing an out-of-state rental investment. Jacksonville, FL and Las Vegas are the places that I am thinking about investing to.

I plan to take $100K HELOC to purchase more properties and I also have $60K cash as well. Do you think Jacksonville/Las Vegas are great places to expand? Should I use HELOC? Also, looking for Real Estate Agents and Property Manager recommendations.

Thanks in advance.

-John