New to the arena and looking for advice
Hello Bigger Pockets community,
I am Jacques Ridore, I usually go by Jay. I am a new transplant to the real estate investor field. A little bit about me is that I am an active duty military member of just over 15 years. I have a BA in Business Admin, and an AAS in Construction Technology. My goals are to have a better retirement life through investment properties, more specifically small multi-unit properties.
I started an LLC late last year and just recently placed an offer on 2 multi unit properties that got excepted. I took the route of both me and my wife getting separate a VA loans and purchasing properties that are close to each other, since we have to live in them for a year. I am excited and interested in growing my portfolio in the coming years but I am not sure of how to go about financing since we would have to supply a significantly higher down payment if we were to go traditional loan for an investment property.
I have so many questions as I embark on this journey. Can/should I transfer the title of the property to my LLC since I have a tax ID? If I transfer the title, will I qualify for another VA loan. Is there any way around having to live in the unit for a year?
Thank you in advance if you can help me with any of my questions.