Starting out in multi family properties in the military

Rental Property Investor · Gainesville, FL · Member since 2020 · 1 post · 0 votes

Hi I’m new to the real estate game and looking to house hack using a va loan to purchase a multi family property. Currently shopping in the Alabama area since i will be stationed there. Any tips?

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Jonathan GreeneBusiness Member

Real Estate Consultant · Madison, NJ · Member since 2016 · 6k+ posts · 7k+ votes

VA house hack is the best kind. If it's just you or just you and a partner, no kids, look for uneven units. This means bigger unit and smaller unit so you can be in the smaller unit and cashflow higher if you only need 1 BR or will potentially be deployed for part of the year.

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Kevin Hunter
Rental Property Investor · Carlisle, PA · Member since 2013 · 1k+ posts · 543 votes
5y
@Michael McCroan, find a place near base that fellow service members would want to rent. Make sure the rent projection is below BAH for whatever grade you are targeting. Military members like to save money by living under BAH rates. Good luck!
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Jonathan GreeneBusiness Member
Real Estate Consultant · Madison, NJ · Member since 2016 · 6k+ posts · 7k+ votes
5y
VA house hack is the best kind. If it's just you or just you and a partner, no kids, look for uneven units. This means bigger unit and smaller unit so you can be in the smaller unit and cashflow higher if you only need 1 BR or will potentially be deployed for part of the year.
[email protected]Podcast Guest on Show BiggerPockets Daily 667: 5 Amazing Benefits Multifamily Investments Offer (That Single Family Homes Don’t) by Gino Barbaro
Zen and the Art of Real Estate Investing59 Reviews
Website View Page
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Bradley Scruggs
Investor · North Kingstown, RI · Member since 2015 · 65 posts · 33 votes
5y
@Michael McCroan I am currently utilizing the VA loan to house hack a duplex.
Run your numbers!!! Make sure you're going to turn profit, and just because you're not utilizing all your BAH or still make profit don't just throw it away. Try putting it aside to purchase another property, or put it in the house you bought.
Possibilities are endless! Good luck, want any more advice let me know.
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