ABQ House
Eric purchased this house in November of 2019 for $179K on a VA loan with $0 down. Again, the initial plan was to “house hack” which was a success. He took out a VA Interest Rate Reduction Refinance Loan (IRRRL) in February of 2021 at a rate of 2.25% with a 30-year fixed loan. The property was turned into a rental in November of 2021 with a net cash flow of $400 monthly. He plans is to continue holding for a long period and explore a Home Equity Line of Credit (HELOC) to expand into another investment property.