All Forum Posts by: Justin Lane

Thanks for the warm welcome, everyone.

Robert B., I think you're right with respect to the number of units I could potentially accrue per year. I think I'm hesitant to make the intellectual leap to more than one property/unit per year simply because I haven't made my first purchase yet. As I prove to myself and my family that this is a lucrative AND doable, I've no doubt my confidence will build, as will my willingness to scale. I appreciate the reference to Activedutypassive income. The info on VA/FHA financing is super useful. All The Way!

Jeremy, Thanks for reaching out and for your continued service. I'd love to talk strategy sometime.

Alexander, I've struggled with whether investing in a single market vs multiple would be the right move for my family. Multiple markets would allow us to leverage the low/no money down financing of VA/FHA loans as we move, but I'll be the first to admit that turnkey property management firms will be needed and cut into cash flow margins. My other concern is the ability to become an expert at each move. I know in my heart that a single market has its perks, but it's tough for me to give up the lucrative financing options.

Thanks, guys.

Hello BP!

I'm very excited to leap into this awesome community. I'm an active duty service-member and plan to stay that way for another 16 years, not only not secure a comfortable retirement, but because the privilege of service is something that I love and wouldn't give up for all the units in the world!

I discovered BP when a friend of mind gifted me the audio version of Brandon's Rental Property Investing book. Fresh off the heels of "Rich Dad Poor Dad," I binged Brandon's content and fell in love with the concept of investing in Rental Properties. 

My wife and I have invested in stocks, bonds, mutual funds, and ETFs for quite some time, but I'm simply not satisfied with the ROI we've enjoyed, nor do I feel like I'm fully capitalizing on our situation, our drive, or our abilities.

I'm still working out the numbers, but our plan is to use zero/little down VA loans to house-hack multi-family rentals (three and four - plexes) each time we move. We move from state to state about once every three years. This plan will allow us to accumulate roughly one unit per year over the next 15 years. We will finance using a 15 year VA loan at each purchase, accrue equity over the three year period, and re-finance into a 30 year traditional to make the VA loan available once again for our next move. This will allow us to save our cash flow and save additional income from our jobs in order to transition to creative financing when our debt to income ratio prohibits utilization of the strategy listed above.

I look forward to hearing from the BP community, contributing where I can, and learning learning learning. Thanks for what I know will be a warm welcome!

- Justin