Hey everyone,
This is my first post, but have been listening to BP podcast and analyzing deals for a few weeks now. I decided that my 2022 resolution is to buy my first house (currently renting) and rent out the other bedrooms. I live in Jacksonville, FL and from a cash flow perspective it seems like many of the deals I'm analyzing are either breaking even or maybe a little positive cash flow per month. My guess is that it's because I'm using a VA loan with 0% down. Should I be pursuing a property like this as a first home just to get started, banking on the equity building with time and essentially living for free, or should I be looking into properties with better cash flow overall? The market in Jax is hot and need to be ready to pull the trigger when the opportunity arises. Appreciate the input!
