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Updated about 5 years ago,

User Stats

58
Posts
40
Votes
Joia B.
  • Real Estate Agent
  • Laconia, NH
40
Votes |
58
Posts

Military family buying first investment property

Joia B.
  • Real Estate Agent
  • Laconia, NH
Posted

We're PCSing to New Hampshire within the next couple of months and we want to buy an owner-occupied multifamily. My husband is in the service so we plan to use a VA loan in his name. I'm currently unemployed so I can't get the loan in my name. We're unsure about how things will work with rental income. Someone told me that there would be legal issues with him being AGR getting a BAH while also receiving rental income given his rank (O4). I want to buy more multifamily properties in the future, so I'm wondering if for legal/tax purposes it would make sense to start an LLC. Thanks in advance for your help!

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