All Forum Posts by: Steven P Daugherty

Awesome thanks Caleb! Do you go to any of the networking meets up here in town?

We just bought a property in Pace/Milton, FL. A 4 bd/2 bath 1800 sqft that we're looking to rent out this coming October but we want to start interviewing property managers now. We're a military family and have to move out of the area so having a property manager would help. Please send any and all recommendations! Thank you in advance!

Hey BP,

My wife and I are about to invest in the Gulf Breeze/Navarre area of FL and we were looking for experienced, responsive, and who you think is the best property manager in that area. 

We’ll be living in the property for a bit (Feb 2024) then renting out starting in Oct/Nov 2024. 

Thank you for your help!

Steve and Eileen

Wow that's awesome to hear! Thank you Sean. We'll definitely look into that. We have actually used all our VA entitlement benefits to invest here in Asheville area. But it sounds like we can afford to continue to invest down that way. Thank you again for your response and the article!

 Thank you Mitch for that insight! We were worried we would be stuck waiting on the full year. Hope you're doing well and hope we can catch you at the December Asheville BP meeting!

 Awesome, thank you Jason for the area recommendation in Pensacola. I was also looking around that area but great to hear from someone local to confirm where we were looking. I'll definitely reach out to Jessica. 

We do actually have two VA loans at the moment. We bought a primary residence with it here in 2021, then moved out in July 2023, rented that house and used the rest of our entitlement to purchase another home in July 2023 as a new primary residence. When we move we plan on renting out this new house we bought in July. I was nervous since it's under one year of living here, if we could rent it out. But it sounds like we can rent it out since we have active duty orders to report to Pensacola. Let me know if you are able to confirm or deny that! Thank you again for your response!

Hi BP Family, 

I'm an active duty service member and real estate investor currently living and investing in Asheville, NC. I just received orders that my family and I will be relocating to Pensacola, FL for 1 year in Feb 2024. Then in Feb 2025, we'll be moving to the Twin Cities, Minneapolis/St. Paul area for 2 1/2 years. 

We've always wanted to invest in FL so we thought this would be a great opportunity to do a FHA loan (I've already used my VA loan here in Asheville for a property I turned into a rental). And if more experienced investors who know the Twin Cities, MN area, believe that area is a good place to invest too, we would like to buy and rent out when we leave there too.

So my question(s) is ...

1) Where in Pensacola would you recommend a family with young children live and then turn that property into a rental when our year is up?  Does anyone know of an investor savvy agent? We also just bought a primary residence here in Asheville in July 2023, so would I be able to buy a home in February 2024 since we have military orders that we have to move? Price point: Would prefer to it around $300k-$330k. We would be looking for a 3bd/2bath home. Prefer a turn key since we're only there for a year. Just doing a quick look on Redfin it looks like there are homes that meet that criteria. I just don't know the best neighborhood to look for and someone in the area to help us get established - knows handymen, contractors if needed, etc. 

2) Same questions but for Minneapolis too! Where is a family friendly area to live? Best neighborhoods? And are these areas good for rentals? Does anyone have an investor savvy agent in this area? 

Thank you all!!

Hey BP!

My wife and I currently have two properties in North Carolina that we're looking to do a HELOC. The downside is we bought both of the properties in 2022. However we believe are primary residence which we use the VA home loan to purchase has enough equity for us to be able to pull at least $20,000 to use for a down payment for a small multi family home a.k.a. a fixer-upper. We haven't been able to find a lender that has a HELOC with products that have reasonable terms and conditions. If you are a license lender out there, who's company offers he locks with reasonable terms and conditions please contact me!

Thank you in advance!!