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I am in the military. I have 1 home breaking even rented in NC, with 60,000 equity. I am living in a flip that I bought for 40,000 + another 35,000 in rehabilitation, that apraised for 138,000. I used cash for the purchase and rehab, then did a cash out refinance of 100k. I will move this year and rent out my current home. my questing is should i use some of my 100k to pay 25%+ down or use a 0% VA lone to buy a 3-4 plex at my next duty station?
I’ve found that there are two ways to learn a lesson in life. The first is through education, and the second is through trial and error. Although the former is a preferred method, the latter tends to stick with you for much longer. The great Helen Keller said it best: “Life is a succession of lessons which must be lived to be understood.” It is for this reason that I no longer stick forks in outlets, mix beer and liquor, or date girls with neck tattoos.
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