Househacking Via VA Loan
I'm a rookie investor looking to purchase my first property in Chicago IL. I've got my certificate of eligibility from the VA, and would like to househack a 2-4 unit building. I'm a trained commercial interior designer and so is my gf, and I currently do business development for a local firm. My GF and I love the city, so I've been looking in neighborhoods like Gold Coast, Lincoln Park, Lakeview East, Avondale, West Town, Wicker Park, Bucktown, Logan Square, Humboldt Park, Buena Park, Old Irving Park, Lincoln Square, etc. I understand these are all neighborhoods with high dollar amount properties, many are aging, and supply has been low, but between what I've been approved for and the 75% rule, I have been watching and waiting for the right deal. I'm looking for a couple of things at the moment, a mentor, and maybe a reality check. What can I be doing now to put me in a position to move forward in 8 months? What are the experienced opinions on the market's I'm looking at? What's the best way for me to go from decision paralysis to signing up my first deal? Is this an SOS? It might be..thanks all!
