All Forum Posts by: Sara McConnell

WOW!! I was not expecting so much feedback!! Thank you all so much! 

@Joel Owens I'm a little worried that VA will even be wary and not consider our GI bill "income" as such. We have heard about others getting denied a home loan for the same reason, going back to school and no full time income. Does this work on a case-by-case basis? If we get all of our ducks in a row and arm ourselves with as much knowledge as possible do they make exceptions?

@Bill S. Any and All connections are welcome! I am lucky to say Kevin is quite the fixer upper and I don't have anything against getting my hands dirty if it's something I can do! However, when Kevin gets into the bulk of his Engineering classes we might have less time to DIY it! More than anything I think the WY weather is what worries me, haha. We just left Coronado, CA where it's warm and sunny ALL year round!

@Daniel Hsieh Thanks for the boost of confidence! I was worried everyone would tell me I was in over my head and to not even try in our situation! Glad to know there is so much support here!

Hello BP community!

I'm Sara and my husband is Kevin. Kevin just finished up his service in the Navy and in July we are moving to Laramie, WY so he can complete his degree at UWyo. We are looking into multi-family properties. with no more than 4 units. We are hoping that if we find a quadplex we can offset our cost of living while in school by living in one of the units ourself.  However, our situation is unique, with using the GI bill for school and not planning to have a "full-time" income (we have toddlers that I stay home with). I'm hoping through BP we can get some good advice on how to best present ourselves to lenders.

Best,

Sara McConnell