All Forum Posts by: Sean McDonnell

What are the average expenses for using a booking program like QuickBooks?

@Jared Viernes Thank you so much for your insight, I will definitely explore those options. Also, since this is our first investment property and we still have VA Loan eligibility, I am leaning towards putting that down payment money towards a future property that we actually need a down payment (or Capex/vacancies, thanks @Wayne Bodley).   

My wife and I are in the process of purchasing our first investment property. It is a SFH with a separate in-law suite that we are planning on renting out on Air B&B or to a long term tenant. We are amidst the bidding war now and are close to agreeing on a settlement price.

Using VA loan to finance.

Our question is, is it better to put some money down and build some immediate equity or put no money down and invest that down payment money somewhere else. Our plan is to live in this property for around a year then rent it out and we want the monthly mortgage payments to be as small as possible so the property will cash flow more in the future. Any advice/recommendations are greatly appreciated.

My wife and I are looking for some solid recommendations for general contractors in our area. Specifically in the Wilmington, Hampstead, Sneads Ferry area.  Any and all recs are helpful.