Humbling asking: What would you do?

[April M. Kimble]

Hello Everyone!

Thanks to my big brother @Allen Kimble, I am excited and happy to be posting for the first time after months of reading through posts and various different books.  I think it is absolutely amazing the number of people on this site willing to help others for the sake of community and good will- it’s kind of priceless in today’s society... I hope to be able to do the same in the near future.

I am in need of referrals of realtors who are well versed in VA & FHA loans, and investment strategies. I am active duty and will be moving to Joint Base Lewis-McChord, WA from Honolulu, HI in about 3 months. I am embarking on my final five years to retirement and looking to purchase a few properties.

I like the concept of house hacking, as I do not have constrains (i.e. kids in school) to keep me from moving every 12 months to fulfill any living on property requirements in a condo or 2-4 unit home. However, thinking realistically with my upcoming new job and finishing school, I probably will not have time, nor the energy for sweat equity, so I am thinking I should buy and hold to build equity, as opposed to focusing on building cash flow.

I am aware there may be things I have not considered - so I am humbly asking the question --- What would you do if you had access to VA, FHA and conventional loans, approx 20-30K capital, good credit and low DTI?

Thanks in advance for y’alls time!

April :-)

[Shiloh Lundahl]

@April M. Kimble I think you are on the right track to house hack. In your position you would probably qualify for a loan with great terms and you probably wouldn't have to put all of your money into the deal either which would give you options to also invest in some turn key properties or notes.

Unfortunately I don't know all of the ins and outs of a VA loan but I am sure if you search for it in the search bar you will find people who are.

Good luck and let us know how it goes.