All Forum Posts by: Cameron Whitcomb

@Hamp Lee III Sir I appreciate the information very much!

Both of the resources you provided are new to me and very much helpful.

@Hamp Lee III Nice to meet you Sir and thank you for the reply!

If the research I have done is correct, you can have multiple VA home loans open at the same time, up to a certain amount of money. And the number of loans does not matter, as long as the combined borrowed amount does not exceed $750k. I may be completely wrong, and I am sure you know much more detail on that. Also, with that, once you purchase the first property you have to live in it for at least a year. Please inform me if this theory is correct, but if I moved to a new base and bought a triplex, I would have to live in it for 1 year but following that one year I could use the VA loan again to go buy another property. If I were to be at a location for 3 years, I could theoretically leave there with 3 properties, correct?

Good evening to all!

My name is Cameron, and for the past year and a half I have taken a major interest in real estate. I am a SGT/E-5 in active duty Army. I have decided that after I finish my time in the service (Next 3-5 years) I want to get into real estate investing. While I am new, I do have a bit of knowledge from my own research as well as reading many of the BiggerPockets published books. As I am military, I know I have one advantage that some others do not, with that being the VA Home loan at my disposal, and if you are familiar with how the military works I can get BAH (Basic Allowance for Housing, the military pays you to find a place to live and the rate they pay depends on the zip code you are in as well as your rank). I have recently been stationed within the Miami, FL area and know that this is not a location for a new investor. The previously mentioned BAH is also not something I have access to yet as well. My plan is to finish up the next 3 years here, then go to a base where I will purchase a triplex or quad using the VA home loan. I will live in one unit and rent out the other 2-3. This will be how I get my foot in the door with real estate, and grow my portfolio from there. My overall plan is to exit the service making enough income from what real estate I have acquired and not have to get an actual 9 to 5 job, and running my business will be that job. I am looking for some just overall guidance, not one bit of information or question answered specifically because as time goes, I will have many more. If anyone with knowledge or experience in the situation I have described would be able to share some information or insight, it would be greatly appreciated!