All Forum Posts by: Robert Kough

Joe Hines all 4 units are rented and the cash on cash return is great. The cash flow I predicted is much lower than what the property managers annual report reflects. The area is not bad and with the military post in the area renters are plentiful. I believe the seller is motivated to sell due to financial difficulty but that is solely based off of speculation. This is all what makes me skeptical. Seems too good to be true.

Hey everyone,

I am a brand new investor! I have done months of research and analysis on properties in the Saint Roberts, Missouri area (65584) and have found myself continuously landing on the same property.  The property is a 4 plex near the military post in the area.  Using the criteria of buying at 80% of the asking price ($159000) and using relatively conservative numbers when calculating my expenses I am looking at close to 400 dollars per month cash flow. I used the standard 5% vacancy, 5% repairs, 10% capex, and 10% management.  Now I can tweak these numbers and wind up with a couple hundred more in cash flow by managing the property myself and working the sewer and water into the tenants rent.  With all that being said the property has been listed for over a year now.  This is what worries me.  If this is a good deal then how did a rookie investor such as myself realize this before anyone else.  Or am I missing something.  Any help would be appreciated. 

@Heath Ryans thank you for helping me out. I greatly appreciate it. 

@Heath Ryans thank you! I did not know that. The property I am currently looking at is only around 180K. My wife is also a service member so would that qualify us for a second VA Loan?

I should have clarified. My dilemma is whether I use my VA loan for the multi family which will turn into an investment property after I change duty stations in two years or save that VA loan for my personal residence once I establish more permanent roots upon competition of my service.

@Russell. Right, my plan is to purchase a multi family property is the Fort Leonard Wood area (65584) and live in one of the units. 

Hey guys/gals, I am a service member new to real estate investing. I have received conflicting guidance from several mentors on whether or not to use my VA loan to finance my first deal. I have done my due diligence and have found a property that meet my criteria. I’m just torn between the VA Loan or a standard mortgage. Any advice would be much appreciate. Thank you -Robert Kough