Mike Damazo is a petty officer in the US Navy stationed in Japan.Damazo "house-hacked" a home he bought outside Fresno, California, using income from renters and his own military housing allowance to cover the mortgage.
A turning point came when Damazo was on deployment and attended a finance class offered by the military. A high-ranking official he looked up to said they were in a lot worse shape than he was financially. That motivated him to become debt-free. "I was looking at the housing market and I noticed houses that were 1,300 square feet and cheaper than in San Diego," he said. After years of yearning to buy a property in the more expensive coastal market but unable to afford it, the time was finally right in Lemoore., available to eligible homebuyers in mostly rural areas, and bought the three-bedroom house with nothing down.
Damazo needed to put only $400 toward housing costs, $200 to cover the remaining balance on the mortgage, and $200 into a cash reserve for home maintenance. The rest was his to keep.Two years later, Damazo got orders from the Navy to return to San Diego. He transitioned the Lemoore property into a full rental and hired a property manager.
Damazo put the townhouse up for sale this summer, when he relocated to Japan. He's hoping to make a profit so he can parlay his earnings into a new investment property, he said, possibly in Texas, where real estate is cheaper.
Fidelity Looking for Awesome Logo, Brochure, Flyer, Brand Identify, Business Card, Background Remover?Contact
이 소식을 빠르게 읽을 수 있도록 요약했습니다. 뉴스에 관심이 있으시면 여기에서 전문을 읽으실 수 있습니다. 더 많은 것을 읽으십시오:
대한민국 최근 뉴스, 대한민국 헤드 라인
Similar News:다른 뉴스 소스에서 수집한 이와 유사한 뉴스 기사를 읽을 수도 있습니다.
Inside yachting's sexual harassment and bullying problem - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. capthlr how true is this?
출처: BusinessInsider - 🏆 729. / 51 더 많은 것을 읽으십시오 »
Inside independent ad agency The Richards Group's problematic culture - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web.
출처: BusinessInsider - 🏆 729. / 51 더 많은 것을 읽으십시오 »
Billion Dollar Loser book: Inside WeWork CEO Adam Neumann's Summer Camp - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. WeWork Tommy Wiseau?
출처: BusinessInsider - 🏆 729. / 51 더 많은 것을 읽으십시오 »
Inside Quibi's $1.75 billion rise and six-month fall - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. Forget about Quibi. My website doesn’t spy on you and everything is free to watch. www. Meg Whitman ruined HP, she ruined Aquino, and she didn’t do much at PayPal.
출처: BusinessInsider - 🏆 729. / 51 더 많은 것을 읽으십시오 »
An Inside Look At This CEO’s Refreshing Way Of Doing Business In The Beverage IndustryFor Certified Holistic Educator, Raw Food Chef, Plant-Based Nutritionist, and Founder of organic juice brand Garden of Flavor Lisa Reed, it’s all about the juice.
출처: Forbes - 🏆 394. / 53 더 많은 것을 읽으십시오 »
Why 3 financial experts said I should buy a rental property - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. The last thing we need is more landlords If Biden wins and democrats capture senate will people even have to pay rents anymore? No way I’m becoming landlord right now. Yer deprive yet another family of a secure home so you can make a few quid.
출처: BusinessInsider - 🏆 729. / 51 더 많은 것을 읽으십시오 »