Skip to content
×
Try PRO Free Today!
BiggerPockets Pro offers you a comprehensive suite of tools and resources
Market and Deal Finder Tools
Deal Analysis Calculators
Property Management Software
Exclusive discounts to Home Depot, RentRedi, and more
$0
7 days free
$828/yr or $69/mo when billed monthly.
$390/yr or $32.5/mo when billed annually.
7 days free. 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.
House Hacking
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 over 1 year ago on . Most recent reply

User Stats

8
Posts
10
Votes
Tony Bryant Jr.
  • New to Real Estate
  • St. Clair County IL
10
Votes |
8
Posts

Primary Res Investment?

Tony Bryant Jr.
  • New to Real Estate
  • St. Clair County IL
Posted

Looking into best (not easiest), but profitable real estate investment to start with. Currently Active Duty family of five. Considering Primary Residence Investment property giving my family a roof over their heads with intent to invest in the property to rent or sell.
Any feedback from anyone who has found themselves juggling the decision on what investment would work best and not strain home life.  

Most Popular Reply

User Stats

219
Posts
167
Votes
Nate Herndon
  • Lender
  • Springfield, MO
167
Votes |
219
Posts
Nate Herndon
  • Lender
  • Springfield, MO
Replied

Hey @Tony Bryant Jr., I don't venture into the conventional lending space as a private lending broker but I have used my own VA loan twice now. Had we been able to do so, I would have held onto my first single family we bought ($150k purchase, owed $130k when we sold it).

That may kick the can down the road for you, but would not interrupt the home life by house hacking and living next door to your own tenants. Instead, maybe look at purchasing with the intent to hold it as a rental once you move to your next duty station. If you need to free up your VA loan for the next home purchase, you would simply look at refinancing into a conventional loan prior to your move or look at DSCR loans in the private lending space once the house is tenant-occupied.

  • Nate Herndon
  • [email protected]
  • 417-605-2196
  • Loading replies...