Military

Have you ever wondered how in the world others owned multiple properties all over the country when they retired? It is called real estate investment and the understanding of the reward of a long term real estate investment whenever opportunity arises. Buying a home is not just for your family to live, it is an investment.

Let's say, you are twenty years old. You realized Hampton Roads is recession proof in comparison to many other parts of the country and it is a rental haven so you start thinking what if I start investing by utilizing other people's money to benefit my future. Since property value has hit rock bottom and on the rise while interest rate is still historically low; seller is paying for all the closing cost and VA financing is 0% down and your out of pocket expense could just be the Home Inspection which amount to an average of $400. For $400, why rent when you can buy!

You start looking into the real estate historical data in Hampton Roads and you realized a house that worth $45,000 back in the late seventies went up to $250,000 at the tip of the bubble burst back in 2007. Now it has bottomed at around $180,000 and on its way up again. Is it a good opportunity to invest?

Of course it is. Why would you pay the landlord $1,500 a month rent and pass on your BAH benefit to him? This tax free benefit is part of the incentives for your service to your Country. $1,500 a month will total $18,000 a year and in three years, it's $54,000. It will be nice to apply that amount to your own mortgage for a $250,000 home. In addition, the mortgage interest is tax deductible. A $250,000 home could provide you with an average of $8,000 in income tax deduction.

A home where you are free to do whatever you want. Paint the room in fluorescent green if you want and there is no need to get permission from the landlord. You can build your own deck at the back of the house to enhance the value of your property and not to contribute to the landlord. You can change the sink faucet to a new set of faucet without the need to get permission from the landlord especially when you have to pay for the fixture and the installation yourself. Own your own home and no more asking for landlord permission. Why do you want to help paying off the landlord's home mortgage and yet limit your ability to live comfortably? Why rent when you can buy?