How to Start

[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?

[Hamp Lee III]

It will be great to save if you can, but you won’t be able to count the money you receive from your BAH as income to qualify for a loan. You would have to depend on your part-time employment for that.

https://www.veteransunited.com...

There are opportunities and programs out there that can help.

Maybe rent-to-own programs might consider your income differently, but it’s worth a call to find out.

You may need to wait until after you graduate to start your investing journey. If that’s the case, it’ll be fine. Real estate investing is a long game. That will give you and opportunity to continue to educate yourself and establish a great plan for getting started.

I hope this helps.

I wish you all the best.