All Forum Posts by: Lisa Landivar

@Maxwell Lee I am looking near NAS JAX for sure.  I did not know about Cecil Field thanks for that info. How are the neighborhoods defined A,B,C,D ? Is there like a map or something. Today is the 1st time that I heard of this kind of classification for neighborhoods in Jacksonville. I read it on other forms. 

@Roger Perez I keep looking at realtor.com and I keep finding these little 2 bed 1 bath, or 3 bed 1 bath around 60-70k. From the description most of them already seem to be rented out to tenant for about $715-800/month. I feel that is pretty good, if I can get the mortgage(including tax and insurance) to be around $350-400/month. I have pretty good credit and a full time good paying job, so I guess we will see. I really want to try to stay away from major repairs as I don't want to dip too much into my own money. I'm thinking these homes are mainly in the ghetto area though, so it makes me nervous to buy.

Agreed, thanks for the advice. I will keep my head high!

@Account Closed thank you so much for the info. This does not sound too good to me though, 25% down! major repairs :( I may be looking at a hard ride to make this happen. 

Hello BP community!

1st I want to thank all of you who stopped by to give me advice, I really appreciate it. :) 

I recently sold my home in WA state(offer was just accepted) and I am looking to take about 13k from my earnings  to use as a down payment for an investment property in Jacksonville, FL near the Naval base. I have plans to move down there in the next 2 years or so. But I don't want to wait to start investing! Especially having some cash to work with (before i spend it all lol). I currently own my home in MD state, and I have joined the Airbnb community to make extra cash(I am really happy with this business and can offer advice in it). I also have landlord experience as I rented my home in WA state for an entire year before selling it.

I am looking for any advice on neighborhoods, places to avoid, closing cost, realtors to use, banks for loans, pricing, etc. I certainly want to stick with something small since I only have about 13k to work with, multi family preferred. 1-3 beds, 1-2 baths. Around 700+ square feet, in the 50k-60k range.  I want to buy the property and rent it out to make some extra cash. My goal this year is to own at least 2 properties that I generate income from. 

I am open to taking any advice and really appreciate your time!

@Turner Monroe Thank you very much!

 @Dan Krupa what's 1031?? We lived there for only 20 months so this might apply to us, but I don't know what it is.

@Kevin Hunter that's genius! I suppose I have been tailoring to each specific area we have moved to ; without even knowing it. Oak Harbor is more of a single family home area, and as far as I can tell so is Lexington Park, and I bought single family homes in both (thank you VA for the no money down lol) I just need to continue on that path, and be confident I am doing the right thing. I am already a real estate investor. Thanks for reminding me :)

If i become more interested in getting my real estate license or buying more properties in MD I will reach out to Russell. Thank you so much for the advice!

@William Allen that's really good to know, wow what a small world lol. I love my home here in Greenbriar and it sucks to think I will have to move in about 2 more years or so and have to rent it out. That's another problem my hubby and I run into, is that we end up falling in love with properties instead of thinking of them as investments.

We want to go to Jacksonville, FL next, but of course its never for certain, we will have to wait another 1.5 years to find out exactly. Thank you so much for the advice and help!

@Dan Krupa @Michelle Krupa Thank you so much for the advice! You guys really give me hope, I wish my husband and I can be a power couple like you guys. I will be sure to check out the blog about VA loans further. I thought I could only purchase single fam homes with VA, but I will double check and see if we can do Multi fam, I lean more towards that goal.

The only issue my husband and I are facing now is having to live in one of the units, we are so used to big homes all to our selves, I am having a hard time convincing him to buy a 3 or 4plex and living in it for a bit haha.

The rules have not really changed, you do have to live in the home you buy under VA, however, I thought it needs to be for at least 2 years, not just six months. Of course, if you get PCSed earlier that rule is voided. That is never a problem for us anyways since PCS orders are for 3 years +.

I will be selling my home in OAK HARBOR WA soon and I hope to make some good extra cash to invest in a multi-fam place where ever we move next (hoping FL). Just in case I cant convince the hubby to live in one of the units.