All Forum Posts by: Zach Carner

@Doug Spence Our original plan was just going to sell when we move out. That was before learning about renting and the long term benefits.

@Lucia Rushton

@Lucia Rushton

@Charlsi Kelley

@Cassidy Burns

Thank you everyone! This helps a lot! I have a few more details about our situation and follow up questions.

I put everything into the BP rental calculator and it came out to cash flow about $506/month. This sounds like a good idea to hold this property and determine if we want to sell later on?

Also for a VA loan if I don't put a 20% down payment will I have to pay PMI?

I am still researching the VA vs FHA loan when moving to Washington to determine what's better. I would like to buy our next house in WA, live there for 3 years, then rent it out when we move. Which loan would be best for that situation?

Thanks again!!

My wife and I will be stationed in Washington next year. We currently own a house in Charleston, SC and we were thinking about selling it. However I've been hearing a lot about real estate investing and renting our property is a great idea. I would love other input because it seems pretty daunting. Our house was bought for $270,000 and is estimated at $308,000 right now. The neighborhood is brand new and upcoming in a nice area.

I've reached out to a few property management companies to see what they would charge. Any other advice would be greatly appreciated and what sort of stuff we should weigh when making this decision, thanks!