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Updated over 2 years ago on . Most recent reply

User Stats

36
Posts
9
Votes
Tyler Jorgensen
  • New to Real Estate
  • Las Cruces
9
Votes |
36
Posts

1-2 year planning before military move

Tyler Jorgensen
  • New to Real Estate
  • Las Cruces
Posted

Hey everyone,

I'm out here in Las Cruces enjoying the first time home owner life. I'm going to hit two years in the area next month which means I've started to shift into exit strategy planning. I want to find a path that I can start walking to prepare for the PCS move that is inevitable in the next two years. I'm looking to have goals I can achieve in the next 48 months that will help me regardless of where I move.

Despite reading books and listening to podcasts, I'm not sure how to move forward right now because I feel like I don't have any cash to use or time to commit because I'll be moving.

The only idea's I've got right now is saving and education until I get closer to knowing where I'm going so I can be in contact with local networks to begin the real process.

Any suggestions for 1-2 year goals would be appreciated and any one willing to have a conversation offline would be great too.

Thanks!

Most Popular Reply

User Stats

419
Posts
542
Votes
Erik Browning
  • Lender
  • CO CA TX WA ID OR
542
Votes |
419
Posts
Erik Browning
  • Lender
  • CO CA TX WA ID OR
Replied

@Tyler Jorgensen this is exceptional. Active duty and veterans have a unique benefit of having the VA loan. The reason is, you can utilize what is called your "split entitlement."

What that means is that you can use up part of your VA loan entitlement, depart from that residence, and use up the remaining entitlement on a second home. Yes, you can have multiple VA loans as long as you meet the guideline requirements.

Active duty and veteran folks use the strategy to help build their portfolio while leveraging the 0% down ability. This strategy, coupled with conventional investing products (DSCR, private funding, etc), is a great way to start with little money and proving your ability to landlord.

  • Erik Browning
  • (707) 595-7574

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