All Forum Posts by: John T.

The 200k-300k is an ideal price point. Problem is at this price point you are competing with outside investors that have the cash to move a deal quickly. My family and I have a house currently in Guam, we looked more towards the 375-420k range to get the most bang for your buck. A lot of family’s that come to the island want the typical “American” Home. 4 bed/3bath 2 car garage with a dishwasher. Sometimes you get lucky and find that gem but you have to spend a little more.

The cheaper you go for the fixer upper is great but Guam is tough to find good on time contractors to get work done and price point. Are you using VA or conventional loans?

Hey Owen. Glad to hear you purchased a property. Where and what did you end up purchasing?

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Originally posted by @David Ferreras:

@John T.

We have a 3b/2ba in Dededo that we are trying to figure out what to do with. Our longterm plan is buy and hold. How is the rental market in Dededo these days? Any thoughts on Airbnb? What’s rent for? Quick internet search shows $1500 to $2000 a month...is that about right?

Apologies for the late response. I'd say buy and hold should be your target. Not sure if you'll be on island to manage, but PM is a factor to consider. However, dededo is patchy...you kind of need to look at it street by street or cul-de-sac by cul-de-sac. You would have a better gauge on the rent if you looked at the others. I'd say 1100-1500 would be range.

I've never done airbnb. If memory serves, I believe the new laws have placed a higher tax percentage on this (vacation) type of rental income though. Hope this helps.

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Hey Doc! Can't believe I missed this post. Awesome to know RE is on your hit list!

John - Logan's Dad

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Are there any capital gains taxes (or any taxes) for selling a property at the same price at which it was originally purchased? My common sense says no, but I could be wrong. Any insight is greatly appreciated.

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@Matthew Roder thanks for the reply.

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@Josiah Kay thanks again.

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@Josiah Kay thanks for the reply. Would it make a difference if I'm on title, just not the loan? This is the same case with our primary residence...the loan is in my name only, but the title is under both of us. Thanks!

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If my spouse has a rental property in her name, can I count that rental income when calculating DTI on a solo loan application? Thinking about the concept of leverage on the loan side. Any insight is greatly appreciated, BP!

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@Nicholas Hytla thanks for the reply. I'm hoping someone out there in the BP universe is an SME on the loan side. I suppose i should also ask if there are co-borrower requirements (ie. Spouse only, etc.). Thanks again.

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Hello BP. I have my COE for a VA loan but will probably need a co-borrower (my father). I want to purchase a 4 plex. I understand that I would need to owner-occupy one of the units. My question is... can the co-borrower satisfy the occupancy requirement or does it have to be me, the vet?

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All Forum Posts by: John T.

John T. has started 18 posts and replied 83 times.

Post: [Calc Review] Help me analyze this deal

Post: Newbie/Military/Heading to Guam

Post: Newbie headed to Guam

Post: CG tax on selling for same purchase price?

Post: Can spouse's rental income apply to my DTI?

Post: Can spouse's rental income apply to my DTI?

Post: Can spouse's rental income apply to my DTI?

Post: Can spouse's rental income apply to my DTI?

Post: VA loan with non-vet co-borrower

Post: VA loan with non-vet co-borrower