Bonnie Cerruti
Question about neighborhoods
4 April 2024 | 28 replies
For example, my "Buy Box" is single family homes (at least 2bedrooms / prefer 3bedooms, turn-key ready (no rehabbing needed), in military towns.Property Type: Single Family / Multifamily (duplex/fourplex)Bedroom Count: 2bed/3bed, etcCondition: Distress (rehab needed) / Turn-key (no rehab)Location: Towns/States/Cities I hope this helps!
Michael W Moore
Nice to meet you!
2 April 2024 | 8 replies
Good evening everyone, My name is Mike I am a 16-year military man, quickly approaching retirement.
Julie Gates
Choosing the Perfect Neighborhood for Your Medium-Term Rental: 8 Essential Factors
3 April 2024 | 7 replies
There was so much that resonated with us, so I wanted to confirm everything you said.1) Our target locations are near hospitals, and our target tenants are traveling medical professionals, but we also have other industries such as Amazon, construction, and military operating in our area who have reached out to us through Furnished Finder (FF).
Bentley Denman
First time home buyer screw up
2 April 2024 | 8 replies
I am able to put an extra payment on the principle every year in order to chip away at it early on, but i plan on getting out of the military around the back end of 2025.
Lucas Vreeken
help getting an REIT started / can you use 1030 exchange into investment property
1 April 2024 | 5 replies
I would like to see if I can put the money that I have put a side for investment property into a REIT and then when I retire from the military, would it be possible to do something like an 1031 exchanges into an investment property.
Brian Sparks
Military Buy and hold investor CT
29 March 2024 | 8 replies
For example, Clarksville, TN (outside of Fort Campbell military base) could be a great option.
Sofia Sharkey
STRs in Southwest Utah
1 April 2024 | 20 replies
My wife and I will likely move there after finishing up my last military tour.
Jamie Banks
MTR Summit Recap
31 March 2024 | 12 replies
Military, government workers, families relocating or displaced due to a tragedy, students traveling for internships, and digital nomads are all different customers who need temporary furnished housing. 2.
Josh Mac
Where did you start?
31 March 2024 | 50 replies
After spending a long time in the "education process" of binging BP youtube videos, reading books and doing searches throughout this forum, I decided to take action and purchase my first property utilizing the VA Loan given my military status.
Sean Hudgins
Is a VA Assumption Worth More Money?
28 March 2024 | 6 replies
Location: Chesapeake, VA (large military town) Market Value: $360,000Loan Balance: $245,000Equity/Second position note: $115,000 (30 30-year amortization / 10-year Balloon Payment, 6.5% Interest, $727 monthly payment) - Bringing cash for this would save a ton of money for the buyer.Rate: 2.25%Years Left: 26Current Monthly payment: $1,300 (including taxes/insurance)Current Rent: $2,000Scenario 1: -If you were to purchase with a new VA loan at 7% interest at market value your monthly PITI would be approx.: $2,757-If you were to assume the loan and I carried the second note at the above terms your monthly PITI would be: $2,027Saving: $8,760 per year.Scenario 2:-If you were to bring the same $115,000 as a down payment on a conventional loan you would pay: $1,992-If you were to assume the loan and bring cash for equity position your monthly PITI would be: $1,300Saving: $8,304 (with no need to refi in the future)Since this is a hypothetical situation I'm going to give my number based on nat. average homeownership of 13.2 years.