Veteran seeking to invest. How have you done it?!

[Emery Jensen]

What's up Bigger Pockets and friends! I am a full time sailor in San Diego, (please don't thank me for my service I'm just a regular person like the rest of us), part time realtor, and I'm also an aspiring RE investor. I am in a sort of dilemma, I am pre-approved for a home but I deploy in 5 months, my dilemma is do I buy an investment now, or wait to save the cash that I can during the deployment. I would be saving a good chunk of change during the deployment, but I am getting a case of the FOMO. Help please!

Also to add to the discussion, if there are any other veteran investors out there, would you mind sharing how and where you did it? Thank you all for your inputs!

[Brian Koons]

@Emery Jensen The VA loan as of right now works the same whether the house is cheap or expensive. You'll have to meet a certain criteria the bank has based off of your income, the price, and other factors the lender would require. for multi family, they allow your to take 75% of the projected rents from all non-occupied units, and apply it toward your monthly income to increase your gross income. Ive been doing a lot of research lately on the San Diego economy, and have a very strong basis to believe our market will continue seeing price increases even with the uncertainty of the overall country economy. Also, I can definitely put you in touch with the lender I used. Just shoot me a DM if you'd like his info.

I used the VA loan and the lender also gave me a credit for closing costs. after everything was said and done, I actually made $600 at the closing table.