All Forum Posts by: Joseph Savant

Investment Info:

Single-family residence buy & hold investment.

Purchase price: $255,523
Cash invested: $24,000

How did you finance this deal?

Va loan

My current situation:

2019- I bought my primary home VA loan

2021- I retired from the army.

Dec 2021- i bought my first rental home and currently rent it out to my mother and father.

I have a full time job and almost $25,000 saved up to invest in my next property. 

Everyone knows how the market has been but i need some advice from someone with experience on what you would do in my situation. 

I am not sure if i should just keep saving and wait, or find something on the lowest end i can find or find something on the higher end. My dream is to own an apartment building but I am open to starting with single family homes. 

I am open to any and all advice. thank you all. 

I am look at this small 3bed 1 bath module home built 1995. It’s trashed and need a lot of work but they are asking way too much for it. They are asking 29,900 but I think I would only buy it for 15,000. My question is, is it worth it to rehab a module home and can it be refinanced the same as a normal home?