All Forum Posts by: Adam J.

In 3 years i will be out of the army and i will investing in multifamily homes. I willbe eligible for no downpayment loan, however at the same time i will have 30,0000 that i could use for a downpayment . I feel that the 30,000 could be better spent on renovations and repairs to increase the buildings value.
With the va loan i must have 1 veteran tenant (myself ) and 4 units max.

What do you think ? Va loan to be used for this investment or would you pick a conventional loan?

Sorry for the grammar ! My tablet autospell is ridiculous

Hello everyone, im currently 21 years old and looking to own my first multifamily building by age 25.
i need some advice on how/where to start, i have 25,000 for a downpayment, but i cant decide if that could be used more wisely for repairs/ maintance.

i can use my VA loan and buy up to a 4 unit multifamily with no downpayment as long as 1 tenant is a veteran (myself)

which would be more benificial to maximize cash flow?? the VA loan with no downpayment, or a standard mortgage with the down payment?

i know the area im looking to invest in, its a small city, much of it being renovated and expanded, and it has a university which is also expanding. prices are decent and 2 bedroom units average $950 month.

my father works closely with section 8 and i would like to have my units rented to them, as its guarenteed rent every month.

let me know what you think of my plan i am looking for buildings in the 120-170k range, i want maximum cash flow, and have decided real estate is how i will invest my time and money