All Forum Posts by: Lawrence Gillett

@William Robison that's exactly what I'm looking for, thanks! Being navy I've never been there, but I know from the other places I've been that there's always areas that are more sought after.

Looking to get started in the value add buy and hold rental market, looking for locals in the Fort Bragg area. Having a hard time coming up to speed on the area without actually being a local. We're moving to asheboro (1.5 hours north) in July and are interested in the stability of the military rental market. I'm active duty navy, so we're aiming for a demographic we're familiar with.

@Theresa Harris The house in question is in south GA and we're moving to the middle of NC, about 7 hours away. So too far to effectively self manage. Also there's an 81$ a month HOA as well, but atleast that includes lawn care.

Only major capex is the HVAC, everything else is new, hot water heater, appliances, house was build in 2002, tile floors, there is an HOA fee to factor in, but that takes care of lawn care. Rent is anywhere from 1300-1500. The street I'm on all the horses are basically the same except furnishings and they currently rent between 1300 and 1500 based on the market when lease was established. At 1350 one neighbor has had 3 weeks vacancy in 3 years he's owned it.

Hey guys, looking for some analysis here. Bought our first house with a VA loan 2015, no money down and we're PCSing (moving under military orders) this July to another state. Purchased the house for 153k its now worth 185k, I owe 137k on it right now, (appreciation and paydown). We listed the house for sale, but I'm having second thoughts. Our current PITI is 950$ a month, while rents in our neighborhood are 1300-1500$. I know insurance would go up and we have to account for management fees, but am I throwing away a good deal by selling or should I take the appreciation and run? There's no money down with the VA loan so the only money I have in this house is repairs I've done and loan pay down. If there are any other numbers I'm not providing let me know and I'll add to it.