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.
Real Estate Deal Analysis & Advice
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 4 years ago,

User Stats

4
Posts
2
Votes
Gabriella Woods
2
Votes |
4
Posts

VA loan opportunity

Gabriella Woods
Posted

I am currently stationed in Augusta, Ga where cost of living is super cheap and the area is growing decently. I have a remainder of 1 year and 5 months left here, that being said, with a VA loan I would have to occupy the home for a full year which means I really have 5 months to purchase a property. Ideally I would want to purchase a multi family home but there aren't really any in the area due to how cheap it is to live here. anyway, I intend to be stationed in either Hawaii or San Diego next which obviously isn't somewhere I, as a beginner should start investing. I am currently rooming with someone and I am pocketing about 700 dollars every month due to BAH (aside from my regular pay). I have considered buying a home here and renting out the bedrooms while being here to make some profit but also to rent out the house after leaving this place. My question is whether i should take advantage of the buying opportunity with having 0 down with the VA loan to purchase a house here OR if I should continue to save in my current position and while being in Hawaii or SD (if all goes well) and eventually buy a property out of state using a FHA loan. Any advice ? Keep in mind I have no idea what i'm doing. Thanks!

Loading replies...