All Forum Posts by: Jarrod Rayner

So the county I'm moving to the one unit limit is $417.000 but the county I'm coming from is $625,500. I cant find which county has precedence or if there is a middle ground formula. It looks like its the same rules as FHA.

You guys are great, thanks for the help! There should be positive monthly cash flow around +$250-$300. I plan on making a bank account for the property and not touching it until I retire from the service. @Albert Bui I wish your title read
Mortgage Planning Specialist NMLS#345453 - CA, WA, TX, TN, SC, VA

My plan is to rent it out, but I'm not sure the income can be counted for a while. I may be wrong about the 417k. Since my orders are to a different county or even if there is now a multi-county clause.

@James Stevens I know there are a lot of renters in my HOA and I haven't read anything that prohibits that, but I'll double check. If that is the case I'm so screwed.

I bought a condo for 262k of my 417k VA Eligibility, I'd like to by another home at my new duty station (PCS orders). I'm trying to buy a home or two at each duty station until I leave the Military, I also am having a DTI problem. I'm trying to think of a way to clear this up without selling my house that I just bought last year. I thought that starting an LLC and transferring title could be an option, but I'm not sure if it's legal.

 I kind of wish there was a forum on BP just for us military guys, cause I can't be the only one with this problem. @Joshua Dorkin

What if I formed an LLC and turned the property over? Can I even do that with a VA loan? Would that relieve my DTI situation?

@John Conn Did you ever find a REIA?

Did you already own property before you formed your LLC? if so, what did it take to transfer ownership? And can someone tell me how to tag another member please?

I just realized I posted in the won't section

I thought it was two years but was'nt sure, that's why I thought of a lease option. Do you have a suggestion on where to find an expert?