All Forum Posts by: Jamiek Todd
Jamiek Todd has started 3 posts and replied 4 times.
Post: Looking for areas to buy a multi-family using a VA loan while 100%
- Rental Property Investor
- Posts 6
- Votes 0
Hello,
I am looking into getting a new investment property but I'm not sure which area. I know I can only buy up to 4-units and I have house hacked before so I am not afraid of that investment strategy. I don't know my buying power yet but I already have one house that's been rented out for a few years now. I currently am in NYC and I know I won't have enough buying power out here. Since I am 100%, I have the flexibility to move anywhere that make sense and can be approved by the VA inspection, which is one of the main factors.
I am trying to get an idea of areas to look into?
Thank you for your advice.
Post: Getting out the Navy, using GI Bill and wanting to invest in NYC
- Rental Property Investor
- Posts 6
- Votes 0
Hello,
I am about to seperate from the Navy and use my GI Bill and attend a college in NYC. I will get BAH but I am going to live for free with my family for free (lived their my whole life before the Navy) so I will have that BAH to do whatever I want with now that's only a little over 30K/year tax free but I don't want to just waste that (does not include any other income I will have). I have a house in Virginia that I been house hacking and plan to keep and rent out. I do plan to join a REI group when I get out there.
I want to hear from the community on things I should do to get into REI out there especially since it takes a lot of capital?
Post: How do I show banks I don’t pay my own mortgage ?
- Rental Property Investor
- Posts 6
- Votes 0
Thank you for the responses. I didn't know if I had to start an LLC. I guess i'll have to wait till next year and put it on my taxes to show proof of this income.
Post: How do I show banks I don’t pay my own mortgage ?
- Rental Property Investor
- Posts 6
- Votes 0
I bought my first house and I’m house hacking a single family home. I have my rooms rented out and they play my full mortgages and then some . I want to know how do I show banks that I’m not pay my mortgage but my tenants are?