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I currently live in an apartment paying $825 a month.
Plan A: Downsize my apartment since my lease is ending in a month and move to a cheaper apartment approx. $700 a month. That releases an extra $125 for me a month. I'm planning on saving money for a year and by the end of next year I'll have around $10k to put down on something.
Plan B: I can get a $0 down financing for a house through the VA loan. Thinking about living here for a year or two and then renting it out. In the mean time using the equity to put down on a rental property.
Any suggestions to my two plans or anything else?
Plan A: Downsize my apartment since my lease is ending in a month and move to a cheaper apartment approx. $700 a month. That releases an extra $125 for me a month. I'm planning on saving money for a year and by the end of next year I'll have around $10k to put down on something.
Plan B: I can get a $0 down financing for a house through the VA loan. Thinking about living here for a year or two and then renting it out. In the mean time using the equity to put down on a rental property.
Any suggestions to my two plans or anything else?
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