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Updated about 2 years ago,

User Stats

15
Posts
11
Votes
Justin Mabry
  • New to Real Estate
  • Fayetteville, NC
11
Votes |
15
Posts

Utilize my VA loan first? Or jump in with a conventional??

Justin Mabry
  • New to Real Estate
  • Fayetteville, NC
Posted

Would love some insight. I officially get out of the Army in less than a year (359 days to be exact). I am aware that one stipulation of the VA loan is that it must be my primary residence for one year before I can leave. So when I factor in the time it would take to find a property, then close and move in I would most likely get out of the military months before that year is up. Upon getting out I would most likely get a stable job (I'm an Air traffic controller) somewhere else and feel it would be better to utilize the VA loan upon moving wherever that job is. BUT I also have the real estate bug and within the next couple of months am hoping to possibly flip properties for the next year until I have enough capital saved up to purchase and hold investments for rental properties wherever i end up moving (my final goal). Any advice??

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