When we moved, we turned it into a rental, hoping this would be the start of our real estate journey—something we’d like to continue once my husband retires.Some key details:My husband is active duty and will retire in 3 years.We have one final move coming up this summer to Raleigh, NC.Our current debts are crippling us—the high interest makes it tough to stay afloat every month.The plan I proposed to my husband:Sell the rental property.Use the proceeds to pay off all our debts, set aside emergency funds and a down payment for our next home.Free up $1,500/month from debt payments, and that also can stash in a high-yield savings account.Regain full VA loan entitlement, allowing us to purchase a multifamily home and use the house hacking strategy for up coming move.Avoid capital gains tax, since April marks five years of ownership, and the tenant’s lease ends in May.This wasn’t our original plan, and we hate the idea of using our equity to pay off debt.

Best wishes on your real estate journey!

Congratulations on starting your real estate journey!

Good luck with your investing journey!

Good luck with your journey!

Hello All,My wife and I are in the early stages of our real estate investment journey, and we’ve been focusing on the Memphis market.

best of luck on your journey

I have helped hundreds of new investors kickstart their investment journey. 

You should always talk to a mortgage broker or bank first to find how much you qualify for before starting the investor journey.

Best of luck on your journey!