All Forum Posts by: Jake Morin

My name is Jacob and I am in the US Air Force. I am likely to be stationed at Ft Bragg in the next 3-4 months. I recently sold a property management company that also owned three houses in San Antonio, TX and am looking to invest in a duplex, triplex, or quadplex in the Cary/Apex area when I get there. I am looking for some advice on the current state of the market in the triangle area. More specifically, I know Cary is a very nice/expensive city with the best schools but can you find value found there in the multi-family market? It appears that the real estate market in Apex would be a solid place to invest in new-builds, does that seem right? Thank you so much for the help!

I'm looking to potentially buy a SFR with my VA loan, move into it, live there for a year or until I get orders, refinance out of the VA loan into a conventional, rent it out, and then buy wherever we are PCSed next with my VA loan again (which should be reset) because we don't have much cash to put down. My questions are: how likely is it that I will be able to refinance out of the VA loan with <1 year of residence if we get PCSed (moved)? Will the VA allow it? Potentially more importantly, would I have trouble actually getting a conventional loan with the potentially low equity that we will have? (We will do our best to gain equity through forced appreciation and buying a good deal but can't guarantee it.) Thanks for the help, you guys are the best!