All Forum Posts by: Kathy Mckee

Thank you for your idea/advice!  This complex has 1 coin-op washer and dryer for 4 units, which brings in $100/month.  I wanted to save up and invest in another coin-op washer/dry set thinking it will bring in another $50/month.  I'm going to take your advice and do the 0% down and buy another set sooner!

I am looking to purchase a 4 unit apartment complex and living in one unit. I can get a VA loan with 0% down, which does not increase the interest rate. I am use to thinking that I should put a good down payment down. However, I am wondering if I should go with the 0% down and just have either a higher monthly payment or add more years to the mortgage and save my cash? I do own two other duplexes with conventional mortgages and pay more each month on the principal to pay off earlier. Any advice would be appreciated!