Active duty / Veteran real estate strategy

[Alex Turla]

Hello BiggerPockets!

First post here,

I recently purchased my first property In January (duplex). I'm currently living on one side and renting the other side out while also having roommates. I'm cash flowing 250$ a month and did this all with 0% down with the VA loan.

I’m currently in the process on closing on my second property hopefully in the next month. I want to scale efficiently but also quickly at the same time. I wanted to know what others thought about this idea;

I find/provide deals to my military friends and we partner up and use their VA loan to purchase off market properties. This way the amount of capital would not get in my way and I could also simultaneously help out my fellow service members. Does anyone see any immediate flaws in this? I already contacted my loan officer and he said it shouldn't be a problem.

I appreciate any feedback. Thank you!

[David Pere]

@Alex, as long as it is their primary residence I don't see any issues with this. Biggest one would be the conflict of interest with the military if you're deemed to be "screwing" or "abusing your power" with subordinate service members. This is easy to get around by ensuring things are win-win, and working with peers, and not subordinates (both good practices to begin with).

I like where your head is at, would love to hear more about this if you have time!