Moving Back To SC

[Israel Merchan]

Good Morning everyone, i wanted to reach out and hopefully gather ideas on ways i can start my investing journey. A little background information im currently in the navy but getting out in December and moving back to Rock Hill SC in July, i have a small savings and im starting school again come January. once december hits i will lose my Military pay and rely on GI bill BAH and what ever i make off a part time while i am in school. ive thought of purchasing my first home when i hit SC and using my military income to get approved for a loan and house hack, ive also thought about moving in with my brother and saving the 5-6K a month the military pays me for the last 6 months of my service, which would boost my savings quite a bit, but without the steady income from the military after, i see getting a loan quite difficult. thoughts? ideas? 

[Esta Ryder]

Sounds like you have given this a lot of  thought and are trying very hard to make the right decision.  My suggestion, before you do anything, would talk to a financial advisor and a lender.   The financial advisor can help guide you with both your short term and long term goals.  Your lender can guide you in loan options, payments, qualification, etc.  Good luck!  And thank you so much for your service. 

[Michael Hutchinson]

Quote from @Israel Merchan:

Good Morning everyone, i wanted to reach out and hopefully gather ideas on ways i can start my investing journey. A little background information im currently in the navy but getting out in December and moving back to Rock Hill SC in July, i have a small savings and im starting school again come January. once december hits i will lose my Military pay and rely on GI bill BAH and what ever i make off a part time while i am in school. ive thought of purchasing my first home when i hit SC and using my military income to get approved for a loan and house hack, ive also thought about moving in with my brother and saving the 5-6K a month the military pays me for the last 6 months of my service, which would boost my savings quite a bit, but without the steady income from the military after, i see getting a loan quite difficult. thoughts? ideas? 

SC is a great option and Rock Hill is cute. A house hack can work IMO, but you have to get your loan while you have income. Once you lose income you will lose that purchasing power unless you do a DSCR type loan. Lots of places around a little further out that are a steal. Look at places like Clover and hit me up if you need a few tips. Good hunting!