When my husband and I moved to Nashville, I was a medical resident and my husband was a first lieutenant in the Army. We were ready to buy a house, but we knew we would most likely need to move in three years after I finished my residency, so trying to find a “forever home” seemed like a bad idea.
Instead, we decided to use a VA loan to buy a place with no down payment, with the intent of making it a rental property once we moved to a new city. Over the last nine years, we’ve been able to find great tenants, and the house has appreciated in value by 175%. And the property has provided us with cash flow.
More from Grow:Thank you notes are more important than ever, say 68% of managersHere’s a map of U.S cities where over 40% of homes are selling above askingThis 28-year-old retired early and earns $16K/month in passive income