Skip to content
×
PRO
Pro Members Get Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
$0
TODAY
$69.00/month when billed monthly.
$32.50/month when billed annually.
7 day free trial. Cancel anytime
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Buying & Selling Real Estate
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated over 5 years ago,

User Stats

11
Posts
3
Votes
Nicholas Davis
  • Purvis, MS
3
Votes |
11
Posts

House Hack with new job

Nicholas Davis
  • Purvis, MS
Posted

In an effort to boost my path to financial freedom I requested to switch roles at my current job.  Within the next 30 days I'm hoping to switch from an office based employee to one working across the country with our clients.  This change will triple my current income and give me the money I need to invest in properties.

I recently came off a deployment and can now use my VA Loan. I'm considering using the loan to buy a 3-4 bedroom home and rent out the other rooms (house hacking). The issue I'm running into is on the surface it looks like the houses are either in great shape (i.e. won't allow me to pull out a lot cash during the BRRRR) or the houses are so run down that I wouldn't be able to use my VA Loan.

I feel like it's still worth buying a place and renting the rooms as opposed to throwing my money away on a cheap apartment for myself.  Even though I would potentially not be able to pull a larger amount of money out of the deal when I go find the next deal, do you think I should pursue this route?  

FYI, I'd have to stay in the place for one year anyway before I could refinance and use my VA Loan again.

Loading replies...