All Forum Posts by: Jonah Bosma

Hey @Jonah Bosma, welcome to the forum. Since it seems like you may be picking up again in 4 years it really depends what your end goal is. Are you wanting to buy more properties? Are you open to hiring a PM in four years to manage your investments? There is quite a few options, but again it all depends on what your trying to accomplish in 4 years.

You could:

1. Rent

2. Buy a home below market value, fix it up, force appreciation and sell in a few years (live in flip)

3. Buy a home below market value, fix it up, force appreciation and rent it out (hire a property manager)

4. Buy a home below market value, fix it up, force appreciation and put on Airbnb (hire a STR property manager)

Either option you choose you can get into a property with low or no money and only have to occupy for a certain amount of time before moving.

I would be interested in possibly renting it out if I moved away from the Jacksonville area. I would also sell it if that was the best option at the time. I wouldn't want to buy more property unless, I bought another home for me at the next place I move to and kept the property in Jacksonville as a rental.

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Hello BiggerPockets members!

My name is Jonah I am 22 years old and in the military. In February of 2021 I will be moving from Virginia to Jacksonville Florida for my next duty station, and I will be in Jacksonville Florida for about 4 years. My current dilemma is do I buy or rent? Some of my biggest fears of taking out a mortgage is debt! I have not had any debt ever and currently have about 30k in savings and 40k in mutual funds/investments. If I take out a mortgage should I put any down (using a VA loan) if I'm most likely going to move in a 4 years. OR should I not put any down and use that money to put it in some type of investment? If I rent it makes me not responsible for anything thats happens with the house/apartment, but I would be throwing away money.

I would love to buy a house, I love projects and home ownership is something I've always wanted to achieve.

Thank you for any advice.

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All Forum Posts by: Jonah Bosma

Jonah Bosma has started 1 posts and replied 2 times.

Post: Is Buying the Best Option for me?

Post: Is Buying the Best Option for me?