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Updated over 6 years ago on . Most recent reply

User Stats

41
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9
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Dean C.
  • Jacksonville, FL
9
Votes |
41
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Future Vet House Hacker moving to Carbondale, IL

Dean C.
  • Jacksonville, FL
Posted

Hi ya'll,

I'm currently in the process of researching real estate deals for my girlfriend and I when I come back from deployment and move back out to the Midwest to finish my degree in Carbondale, IL.  Although I don't consider Rich Dad Poor Dad necessarily a real estate book, it's what started my journey to this website inevitably.

Currently I'm stuck with limited resources as I'm floating somewhere in the Mediterranean Sea somewhere, but I've already completed a few eBooks from Jay Scott, David Lindahl and Brandon the founder of BRRRR. My Gf's Dad is already somewhat of a real estate entrepreneur and does his own evaluations but I'm by no means as experienced as him. Just looking to househack our first duplex/triplex in the area with the help of possibly a VA loan and GI benefits. However, since were moving we wont necessarily have any W-2's so I'm worried about getting loan approval. Was Wondering if an FHA 203k would be a better alternative. Correct me if I'm wrong, but rental income isn't considered into the VA loan approval process unless you have 2 years property management experience.

Thanks in advance for the chance to become part of BP member community. Happy Hunting!!!  

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