Ready for our first deal - needing advice on financing!

[Kendall Arriola]

Hello, my name is Kendall Arriola. My husband is about to graduate Army boot camp and we should be getting stationed at Fort Campbell (on the border of Oak Grove, KY and Clarksville, TN). I've been listening to the BP podcast, practicing (TONS) of deal analysis, reading RE books and attending REIA meetings for 6+ months. I am looking to find a home in Clarksville, TN to avoid the state income taxes in Kentucky. The market is extremely hot but I have found an incredibly helpful, investor friendly real estate agent that has been giving me great insights on the market and properties.

My husband and I have not purchased any home previously so we have options to use a FHA loan, his VA loan or any other suggested financing options. I was curious to see if anyone had any suggestions on the best financing to utilize for our first investment property. We are planning on living on the military base while we then purchase a home, do a little rehab and then turn it into a rental. If we need to live in the home for a little while to be able to use particular financing, we can easily make that work as well.

Any other general suggestions for us are ALWAYS welcome!

Thank you in advance!

[Rylan Kean]

@Kendall Arriola Welcome to Clarksville and investing. Crazy market, but still opportunities, especially if you have favorable financing options like the VA loan. Just a quick note that FHA and VA require the property to be your primary residence, so you can't buy a place and live on base. That being said, its completely worth making the jump and going for it. Make sure you have a great lender who understands investing.