Military Newbie in New London Connecticut

[Cole Beauchemin]

Hello everyone! My name is Cole Beauchemin and I am currently a Cadet at the United States Coast Guard Academy. Though I am still in college, I am determined to house hack a 2-4 unit multifamily unit using the VA loan in whichever city I am stationed. I will be graduating in 2021 as a Mechanical Engineer. Until then, I am reading as much as a can and analyzing one property a day. Looking forward to learning as much as I can and meeting new people! Please reach out if you are from the area as I would love to meet you!

[Monica Jorge]

Hi @Cole Beauchemin - Great thinking! I started my college career at UConn Avery Point and have spent all my summers growing up in Niantic, CT. Last year I took the leap and bought a 3-family home in Hartford, CT to house hack and it has been a completely rewarding experience. For me, it didn't make financial sense to purchase a 2 family instead of a 3 family with an ultimate end goal of having absolutely zero monthly expenses. I saw it as having only half of the opportunity. I live on the first level with a private yard, airbnb the second unit and have traditional leased tenants in the third. With Airbnb, I have flexibility and bring in additional income monthly that I couldn't get from a traditional lease. The traditional leased tenants provide an obvious stability. Simply put - one unit pays the mortgage and the other pays expenses, utilities, vacancy and upgrades/improvement costs. 

Best of luck to you!