All Forum Posts by: Kaley Roberts

Great story @Julie Kern thats very inspiring. Thank You! 

I'd like to add that the Springs has potential and even more potential if you find those off market deals. Don't hesitate to find home owners and mention daily to your network of friends and colleagues what you are looking for. 

Re other locations I've learned from BP Podcasts that multifamily near schools is great, as well locations close to highway corridors to ease the commute to work, new developments, etc... 

Good luck in your hunt.... 

This is a precarious situation for sure one that I will be following for my own situational awareness. Get the paperwork saying it was mitigated and see if it shows on there they did a retest after mitigation that would save you the cost of having it retested. 

All great responses, I would like to jump in and say house hacking is a great way to offset mortgage we do it ourselves. We also have an out of state investment and have a PM oversee all aspects of that house. If your investing your investing for cash flow then think about how you can go bigger and do both if need be. Get into an owner occupied in the expensive market for near nothing down then invest your hard earned cash in more realistic markets. Folks are even beginning to manage properties long distance by themselves without a PM because contracts and smart locks can be signed digitally. We have a PM but after reading Set For Life we simply asked for a lower management fee and got it. 

Also remember the property you rent out that some banks count those rents as income so that may help you qualify for your move in quad more easily. Lots of options - think big - good luck. 

We should probably ask if you plan on living in it? If you are being allotted BAH then you have an additional amount of money coming in, that doesn't justify buying anything but your numbers crunching should consider the military is paying you an allowance for housing and they expect you to live off base either renting or owning and show up to work on time. All things considered. 

I will have to agree with Andrew about the VA loan and being fully leveraged with the 0 dollars down and owing a monthly 200 on top of that. Keep looking, practice patience, the right deal will come to the one who is actively looking.

Megan, 

That's great news. How did you find the home. I have a lot if investors chomping at the bit but there nothing too attractive to them right now. Also love the front door. 

Tyler, Great post. I'd just like to add Grant Cardone has been harping on that for a few years now, he believes that we are going to a renter nation because nobody wants to be tied down with a mortgage and the millennials don't want the responsibility of owning a home. This is good to as it will increase the number of tenants to rent your properties. 

Grant has been on a couple of the podcasts on BP but has lots of information out there available for review. Happy investing.

I think thats a great idea to hold the lower interest rate because with the time now of high interest rates and these don't even compare to years ago a 1.5 percent increase may cost a couple hundred bucks a month. I guess the question you have to ask yourself is what do you want to do with RE strategy with the house and the multifamily you are moving into. All the best 

It looks like you may have recently joined bigger pockets. I would like you to know that you have some powerful tools at your disposal not only are the blogs amazing for answering your questions but your pro membership comes with so many perks it is awesome especially the calculators. The blogs will help clarify questions, your agent (I'm willing to help) will send you properties, and the calculators will help you tell if it's the right deal for you. What's your current motivation in real estate investing and how well do you know the Colorado Springs area?