All Forum Posts by: James Chand

@Joel W. yeah that sounds like the best way to go using the VA, and unfortunately I wouldn't be able to occupy the prospective home since its 4hrs away from me.

I know there are a lot of stipulations with the VA loan but was wondering if I could make this far-fetched plan work? So I reside in Murrieta CA and own a home with my Girlfriend (my gf is active duty and I am as well). Due to some crazy clause last year the bank didn't want to approve us because we weren't married, so to rectify this we had to choose only one of us to go on the loan (we went with my GF) long story short I have no home loan under my name so my VA loan is untouched. I have a friend that is stationed in Lemoore CA (4hrs north of me) and he said he will rent from me if I buy a house up there. What are my options to make this somehow work with my VA benefits? Or is this not doable? Thanks for any help I'm loving this site and learning so much!

Oh and to add I am getting out of the Navy and am currently on "terminal leave" so I am still being paid until I officially separate honorably in July (approx $4500/mo). My income once July comes around will be my GI Bill Housing allowance which is approx $2k a month. I can have my GF cosign or even my father or mother if needed. 

Welcome Derrick Dill I myself am new to the site and the real estate world. I start school this fall to become an RN which will definitely help supplement my real estate venture. Look forward to seeing your progress and success in the future!

Nice to meet you Nick, I worked with the HMS Dragon and several other ships during a deployment back in 2013...amazing experience. Thank you for your service!

Hello BP world it's a pleasure to meet you all and have the opportunity to pick all of your brains. I am new to the real estate world and am interested in flipping single family homes and investing in rental properties. I have a lot to learn and look forward to networking as well as reading up on all the great material this site has to offer.