Veterans and College Towns

Veterans and College Towns

Real Estate Agent · Orlando Florida · Member since 2023 · 24 posts · 17 votes

Some simple easy to start investment strategies.

If you are in or a former service member that has access to your VA loan, here is some food for thought. College attendees and parents of such I'll get you next.

Military members, instead of buying that nice house for your max housing allowance, thank about buying a multi-family. the VA loan allows you to purchase up to a quad plex. So think about all those military members looking for homes to rent near your bases and the ones not brave enough to take that step. Now think about it if you made a career out of the military and all the properties and sources of income you would have after 20yrs of service. The best part is those locations are dependable and you have direct access if they don't pay their rent. Had I known or even thought about this while I was in my portfolio would look much different.

College attendees and parents of such (this also goes for those veterans transitioning out and heading to school. Why pay someone else when you can purchase a property near the school that you know will have long lasting clientele flow and where you actually make money instead of just "throwing it away" to another landlord. Sell it when you child leaves school or continue to rent it out either way is a win win for you. Lets be honest these are college kids, they don't the taj mahal so the price point should be manageable and if you invest in a multi-family then that's even more income paying for your investment.

Investing isn't always difficult, sometimes its just thinking clearly or having someone point out a new point of view.

Thanks for reading and keep investing.

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  • Lender · CA · Member since 2018 · 638 posts · 393 votes
    1y

    This is true! And exactly what I did to get started in real estate. You can even do an SFR on the VA loan and rent out the rooms (how I started personally) and then leverage that equity into more and more rentals at each duty station. Fantastic advice, but definitely watch for issues with VA loan subsequent use issues especially in high cost markets (not as big a factor in lower cost markets).

    Great advice and a great way to get feet wet in the real estate game!

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