All Forum Posts by: Kristofer T.

@Levi T.

Within the city of Fredericksburg does the city limit the amount of non-related persons living in the same apartment, house, townhouse? Thanks.

-Kris

@Kayla Perry I would be interested in your services or at least have a conversation about real estate in the area. I've actually been looking at a property downtown that I would love to get your opinion on. I am currently stationed at Fort Bragg and will be headed to Fredericksburg this evening. I'll be up there for a week visiting family and friends. Send me a request and maybe we can link up while I'm on leave. Cheers. -Kris

Paul, thank you and yes I did use part of my VA Loan. Jonathan, it's called the SDP and you can put a Max of $10,000 in and you get a 10% return 90 days after you return. -Kris

@Jeremy Roll

When I say bank I mean stop contributing to those funds while I am deployed. That way when I get back ill have at least $44,000 - 46,000 cash on hand to invest. I plan on leveraging the banks money and using that cash to potentially put down on multiple properties. If I can figure out my personal approach and if successful I may stop contributing even when I come back. That would put an extra $19,000 - $20,000 in liquid assets per year that I normally would be investing in the TSP, Index and IRA.

The final phase of my plan after I have more experience, is to go all in and start selling my off my TSP, Index and IRA funds.

-Kris

Greetings everyone,

My name is Kris, I am 29 years old and currently stationed at Fort Bragg, NC. I was told about bigger pockets this past week and since then I've been obsessed with this site and the podcasts. Since joining the military I've moved four times and rented everywhere. After renting a townhouse for almost a year I decided to ask my landlord if they were willing to sell. Fast forward a few weeks I'm now a first time home buyer. I am looking at expanding into the real estate game by buying and holding for cash flow. 

This brings me back to the subject at hand, I need some wisdom for the community. First, I am going to be very transparent so I may get the best advice from you all. 

Cash on Hand: $21,492

Roth IRA: $23,919

Roth TSP: $70,164

Index fund: $25,291

Index 529 Plan: $4,807

Townhouse (VA Loan): $194,000 after VA fees $198,000 at 3.65%. $1281.00 monthly (includes taxes, insurance, HOA). Townhouse appraised at $204,000.

I am deploying overseas in the near future and will be roughly making an extra $1,600 - $1,700 a month on top of what I currently make. I also calculated I will save on the home front an extra $500 (very conservative) - $1,000 a month by me not being at home. 

I have a couple of options:

1) Bank what I've described above and come back with an extra $13,000 - $16,000 cash + current cash on hand. 

2)  Option #1 + bank my index fund as cash (600 per month) = $16,000 - $19,000 cash + current cash on hand. 

3) Options #1 + #2 + bank my TSP fund as cash (560 per month) = $19,000 - $23,000 cash + current cash on hand.

4) All options + Roth IRA (458 per month) = $23,000 - $25,000 cash + current cash on hand.

*these numbers have been calculated based on the idea I would stop these investments for 6 months. 

Any and all feedback is greatly appreciated. I am open to entertain all options and suggestions. 

Thanks for your time and efforts.

-Kris