Military family buying first investment property

[Joia B.]

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!

[Frank Geiger]

Worry about getting the property first and LLC later. Whoever told you it was illegal to get rental income and BAH doesn't know what they are talking about. I get BAH and have been buying rentals for a while now.