Super nice condition with all new interior paint, carpet and appliances. This unit shines! Two bedrooms on upper level. You’ll enjoy spectacular mountain views from the front deck. This is the best location in the complex! This unit is a bank-owned property but easy to buy. Call me at 719-264-7777  for more details or to arrange a showing!

Common Question

Can you rent out a home that has a VA mortgage on it? Yes, with certain conditions. VA loans are given only to Veterans who plan to occupy the home as their principle residence. This means that you cannot use your VA loan benefit to buy a home to fix and flip or to rent out as an investment property in the first place.  As a side note, I have never known how VA will monitor this but you don’t want to be the guy doing it on the day they implement their nationwide occupancy check program! I suspect that they may do spot checks using utility records, insurance policy checks or other methods. Again though, keep in mind that VA is a goverment agency so all bets are off where compliance is concerned.

If you find yourself in a situation where you have been living in your home for a while and get PCS orders, you may want to consider finding a renter for your home. Lots of military people who own homes in Colorado Springs choose to do this. They may be planning to come back here for retirement or simply want to keep the property as an investment. I had an Air Force client a few years ago who bought a property at each of his duty stations, to include England, and then rented them out when he PCS’d. Owning an investment property has certain tax consequences (good and potentially bad) so you need to seek out the advice of a qualified tax professional on this subject, primarily before selling a property that you have been renting out for a while.

Lots of people do not buy a home when they move to Colorado Springs for many different reasons. Maybe they already own a home in another location. Possibly they have a few dings on their credit that will prevent them from buying but they are well able to pay their rent each month. Maybe they are here with the Canadian military and they can’t buy but their government pays the rent. They make excellent tenants. I have several clients who rent their homes out to other military personnel and they have success without even hiring a property manager. This is easier in certain price ranges than others. It all depends on the kind of property you have to rent out.

Bottom line here: the answer is yes, you can rent out a home with a VA loan! Just be sure to do it for the right reasons and you will be fine. For more info on this subject, contact me. I can assist you with buying a home or planning to rent one out. You may also need to evaluate your potential rent amount which might help make the decision in the first place. I am here to help-just call me at 719-264-7777.

Fort Carson has a wide variety of on post options for housing. The problem is the waiting list can be very long. There are 15 different housing communites on the Mountain Post. Some of  the homes are older but several communities have been built in the past few years. They look just like homes available for sale in Colorado Springs. The newer homes were all ready at the same time so if you think about it they would have had all new occupants at the same time. This means that there won’t be any availability for a while.

All of the housing at Fort Carson is managed by a private company, Balfour Beatty Communities. The curious thing is that this is not an American company. They are headquatered in the UK. I have to wonder why we could not find an American housing management company for our American troops! Typical for big government I guess.

All of the typical amenities are available for Fort Carson housing. They provide trash pick-up, recycling and utilities. The rent amount is equal to the service member’s monthly BAH. Really, now that housing is privatized you are just renting a home on post. For some, this represents a great convenience. For others, it means living under the watchful eye of the Army at all times. It just depends on what you like.

Currently, this is a great time to buy a home in Colorado Springs! Think about it–the home buyer credit has just been extended until Spring. Prices are low right now as are interest rates. A VA mortgage is fast and easy to obtain. Why not investigate buying a home? Colorado Springs is a wonderful place for military members to buy a home even if you plan to be here only 2 or 3 years. Many people choose to rent their homes when they PCS on to the next destination. This means your investment can continue to grow while you move on to a new post.

Cash Back for Military Members

We offer a great incentive for military home buyers. When you choose to work with eSaleHomes Realty to buy a home, we give you a cash incentive after closing. This can range from $500 to $3000 depending on the sales price of the home. Sure, other companies offer incentives as well. When you work with me, you get top-knotch service and the benefit of 20 years of local full time real estate experience. Other companies will just “assign” you to an agent. Don’t you want someone that you choose?

For information on how you can buy a home near Fort Carson, feel free to contact me. I am very familiar with the stresses of a PCS move. There are so many ways that I can assist you with the transition from your current destination to your new one at Fort Carson.

This little condo on the Southeast side of Colorado Springs will be on the market soon. I expect the pricing to be around 30K. That’s right–30K. Heck, at that price you could buy this on on your credit card with a cash advance! Don’t laugh, I’ve done that. I once bought an undervalued home on my credit card for 30K and then resold it for 60K with no repairs!

This little unit will be a great rental property to hold on to for a while. The area is close to public transportation and there would be very little maintenance to do for the new owner.

These units go quickly when they are sold as REO’s so if you think you might have an interest, contact me now to be put on the waiting list.