All Forum Posts by: Sheldon Nave

@Mike Bonadies Great stuff. I appreciate your insightful answer. I was thinking maybe it would be in the 1600 range for rent it's a 3 bedroom 2,491 sqft including an attic and fenced yard. Our mortgage is around what you said but with insurance and taxes were paying about 1650 total monthly payment.

My next concern is of course knowing every situation is different but... With me being being active duty military I could be relocated on a moments notice. What's the average time a house remains in the rental market in the blackwood area? Would you have a rough estimate by chance?

Hey biggerpockets community.

Me and my wife just brought a house, for a decent price not the best because it doesn't have equity in it ( A concept I just now learned). This is our first home so we don't know too much.

But I'm in the military so I got a VA loan and basically put no money down and the sellers covered closing cost. House cost 183,870 with 5.125 percent interest rate. Decent sized home as well. But my question is what should we do with this house let's say one or two years down the road should we sell it, our main idea was rent it out but IDK how good our area is for that we are located in South Jersey

For additional information just ask and I appreciate all the help thanks a million