Transition into College

[Noah Schultz]

Good Evening everyone,

Active duty military here. I will be graduating from the local community college with an associates in Business Management, in the Spring 2019 as well as obtaining my Realators License.

In 2020 I will be transitioning from active duty to the reserves while going to full time for Construction Management for around 2-3 years in the Southern Utah area.

Now the question is... When I transfer out of state I plan on using the VA Loan benefit to start investing in real estate while in college, (starting off with a year of owner occupancy of course)

Aside from the research, and networking I can be doing until then is there anything else you would all recommend as far as strategy is concerned?

The plan is to go for a multi-family but due to full time education I’m considering doing a single family and house hacking it out with the girlfriend and roommates. (The real goal here is to live for free, learn the ropes, begin cash flow and hold on to the monthly housing allowance I will receive from the GI Bill) 

Oh, and I plan on taking the first semester off to build a full time work history and get to know the area as well as save up for any additional expenses.

Any feedback is appreciated, looking to network and learn.

Thanks in advance.

[Adam L.]

Thank you for your service, @Noah Schultz. I think you are on the right track with thinking about multifamily. I will almost always suggest (pending any familial problems with this) buying a multiplex for an investment property using the VA loan. It is a fantastic tool that really pays you to use. If you get an acceptable place (doesn't have to be the best place you have lived in... its temporary!) then you can rent out the other units and make some money. If you buy near the school and rent them out more like a student housing property (rent rooms to individuals) then you can make even more money. Mind you, you need to make sure the property works without the student housing setup as well just in case but the student housing option will really accelerate your income and growth!

Please reach out to myself or my partners, @Eric Upchurch, @Markian Sich, @Mike Foster, or @Tim Kelly and let us know if we can help.