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Updated 5 months ago on . Most recent reply

User Stats

13
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Davion Smith
8
Votes |
13
Posts

Starting out in Multifamily property investing

Davion Smith
Posted

Hi Everyone,

I recently separated from the military and was planning to use my VA home loan to start my investment journey. I started a job that took me overseas right after I left got out of the service. I was hoping for some feedback on if I should wait till, I get back to the states and use the VA home loan to house hack a multifamily property or do a long-distance investment and use a DSCR loan. I've done some reading about both, and it seems feasible to go in either direction. While I am excited to get my feet wet so to speak, I am looking to see what feedback I can get regarding both options from the collective wisdom on these forums. I appreciate any insight and advice given. Have a great day!!

  • Davion Smith
  • Most Popular Reply

    User Stats

    1,277
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    Hamp Lee III
    • Real Estate Agent
    • San Antonio, TX
    792
    Votes |
    1,277
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    Hamp Lee III
    • Real Estate Agent
    • San Antonio, TX
    Replied

    As your first investment, I recommend waiting until you get back to the states. You can use your VA loan at that time.

    I'm active duty Air Force with four properties. Three are with the VA loan.

    Take your time. Real estate investing is a long game.

    I wish you all the best.

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