Military wanting to invest in rental property. enlisted

[John Carter]

Iam currently in the barracks (enlisted in the military) and want to invest in rental properties. Will banks finance any of my properties? The problem is Iam not going to be living in any of the properties I buy cause Iam forced to stay in the barracks. I just joined I am 19 have 20k saved up want to buy a sfh for 100k need 80k financing

[Todd Hall]

I just purchased a duplex with the VA loan with no money down. You can use your VA loan to purchase a multi property live in one side and have a tenant pay most or all the mortgage which makes it rent free for you. Being new to the military and not having BAH yet is going to be rough at first till you make E-5. Consult a VA Loan specialist they can assist you. If you want to do a FHA loan you'll have a down payment due and also PMI.