All Forum Posts by: Jason Gilmore

Do yourself a favor and buy your rental first. Live in it for 2 years with a zero% down VA loan. Buy your personal home second if you can use your VA again for zero down or 3.5% down. If you buy your primary home first with your VA loan you will have to put down 20% on your rental property. This will dramatically limit the amount you can spend by driving the down payment up to $60k for a 300k house. If you play your cards right you could have those same houses for between zero and 3.5% on one. Also VA doesn't have PMI insurance so you'll save an additional $200 a month on your payment. Do not buy your dream house and then look for a rental!!! You'll save lots of time and money by simply reversing your priorities.