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.
General Landlording & Rental Properties
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 almost 5 years ago,

User Stats

13
Posts
5
Votes
Dylan Marcelle
5
Votes |
13
Posts

Looking for ideas! My unique situation

Dylan Marcelle
Posted

Around three years ago, I fell in love with the idea of real estate investing. Two years ago, I bought a SFH and house hacked for the first year. Now, it cash flows as a rental property.

Here's my problem. I was lucky enough to be appointed to the Air Force Academy for the upcoming school year, which starts in 2 months. Unfortunately, I wasn't aware that cadets aren't allowed to have any personal debt until after I was accepted. I have tried communicating with the school to work around their policy on debt, but haven't been able to get any straight answers. I would really like to keep the property because I can refinance with a rate that would increase my monthly cashflow x3, and I feel as though I have enough money in reserve to cover any problems that may occur throughout my time at the academy (4 years). I also think I would have a hard time selling the property given that I currently have tenants on a year long lease, not to mention the current Covid-19 dilemma.

My question is, does anyone know of a way that I could keep the property without the debt being directly under my name? Any ideas or advice would be helpful! 

Loading replies...