First Time Military Home buyer

[Sydney Rae]

Background: Currently Active duty (Separating soon). Moving to Houston Texas area for only 6 months before going off to University. Excellent credit and married.

Known Resources/Tools: VA Loan, FHA Loan, LLC

Current COA (Corse of Action): We are planning to buy an investment property (Preferably a duplex) in Texas using the FHA loan, live there for six months and then rent out both sides after moving to the University city. This will allow us to save the VA loan for the home we buy a home in the University city since it will more than likely be very expensive location & we wont want to put a down payment. We were thinking of buying one or both houses under an LLC we will create for security and other benefits on taxes and such.

We are finding it hard to navigate how to use all of our benefits and resources strategically to our best advantage. This is our first time buying and at the same time we will both be continuing our education. Any tips, advise, or recommendations would be greatly appreciated.

V/r,

Syd & Reece

[Matthew McKee]

There aren't any added tax benefits buying these houses through an LLC so you're not missing out and you'll have to run your plan through a lender to confirm you can use an FHA with the intent to move out in six months. All-in-all it seems like you're head is in the right space and you're running your COA's in the right network.