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Updated over 7 years ago on . Most recent reply

User Stats

10
Posts
2
Votes
Joe Bostick
  • Investor
  • Washingtonville, NY
2
Votes |
10
Posts

New Investor in the Military

Joe Bostick
  • Investor
  • Washingtonville, NY
Posted
Hello everyone! My name is Joe. I am an active duty army officer that has lived in many states. I do my best to purchase and live in a single family home every time I move. I then rent out the house before I buy another one. I currently have a house in Harker Heights, TX and Fairfax, VA; both are maintained by property managers. I typically buy houses that are in good school districts because in general good school districts have very nice neighborhoods that make the house easy to rent out. I am interested to hear new strategies to finding good rentals though! I live in the Baltimore, MD area, but will be moving to the Albany, NY area in a couple months. I am interested in the idea of using creative financing to generate passive income through real estate. I generate some income with my two rental properties, but would like to look into purchasing more than one rental property each time I move. I'm most comfortable with buying and renting out single family homes, but am open to the ideas of flipping homes and purchasing multi-family properties.

Most Popular Reply

User Stats

10
Posts
2
Votes
Joe Bostick
  • Investor
  • Washingtonville, NY
2
Votes |
10
Posts
Joe Bostick
  • Investor
  • Washingtonville, NY
Replied

@Jeremy Taggart I'm still a newbie when it comes to the finer details, but I believe there is a limit on the value of the VA loan you can have. I came close to that limit using a 2 VA loans to purchase 2 homes.

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