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Updated over 2 years ago,

User Stats

4
Posts
3
Votes
Taylor Westfall
  • Fort Rucker, AL
3
Votes |
4
Posts

Buy while in military training or wait and use VA loan

Taylor Westfall
  • Fort Rucker, AL
Posted

I am currently in flight school at Fort Rucker, AL. I have roughly 6-8 months left. When I finish here my girlfriend and I will be moving to Texas. I am trying to decide whether I should buy something in Texas now with the small amount of money I have saved up, rent it out until I'm done here, and then refinance to the VA loan; or if I should wait, continue saving money, and just use my VA loan once we are ready to move.

The market doesn't seem to be slowing down and I don't want to miss out on any good deals now. On the other hand it would be nice to have a chunk of money saved up for the move and all the costs that go with it when I am finished with school. Whatever I buy would be something that we would live in for a year or so and then we would most likely turn it into a rental and reuse the VA loan.

any advice, tips, strategies or personal experiences would be much appreciated. Thank you. 

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