Military member/College student/20 year-old

[Fernando Garcia-Martinez]

Hello,

I am a member of the National Guard who returned from a deployment about 6 months ago and started school in Eugene, OR. I'm planning to move back to Portland and pursue some real estate opportunities and transfer to Portland State. I've been thinking of moving back to my parents but I keep getting mix responses from people. My thought process is to move back and save the rent money in order to increase my capital and use a VA loan to get my first rental. I'm new to this industry and continue discovery more about real estate everyday.

[Joshua McMillion]

@Fernando Garcia-Martinez

I think this is a solid plan. Live with your parents while you are attending school. Start looking for residential multifamily up to a four-plex and use the VA loan to purchase and house hack. The great thing about the VA loan is it requires little money down. Once you have your cash reserves in place, you can jump in—no need to save the 20 or 25% required to purchase with a conventional loan. 

Sincerely, 

Josh