What you think about my game plan ???

[Chance Brookins]

Hey !

So currently I'm in the military and my credit score is 670. I don't have any multi family houses near me the closest ones are 1 hr of a drive. So I was thinking to house hack a single family home using a VA loan. Buy a house around 100k live in it and collect the extra income in my BAH. Then save up money to invest in one of the multi families a hour away.

[Adam L.]

That is not a bad idea at all and I always recommend people save money from their BAH. It may be hard to find, but almost every location has du/tri/quadplexes to choose from. You can even look for a house with an in-law suite that you can rent out as well. If you do buy a traditional house, make sure you can get rent it out with some cash-flow when you PCS. If you are buying a house when moving around you should always try and set yourself up for cash flow when you leave. 

Sure, you may end up just buying a house because you want to live in that house. Just remember you are buying that as a liability not an asset.