Hello Everyone!
My name is Luke and I’m currently in the USMC. I am going to be departing from the military in approx. a year and moving to Phoenix, AZ. I am looking for advice/constructive criticism on my current plan upon entering the civilian world.
Within my last 6 months of service I am going to be working on getting my realtor license so I have potential for a job once I leave the Corps. During that time period I plan to use a VA loan to purchase a 3bd home within Phoenix. One of my current USMC team mates will be moving in with me upon purchase and splitting all expenses. Then within a year another one of my guys will occupy the last bedroom. So essentially "House Hacking" the property.
My main goal is to start my real estate journey on the right foot and set myself up for success.
Other questions:
Is the Phoenix market too saturated due to the huge influx of people moving there?
Am I going to be paying a premium because of it?
What would the benefit of putting any money down be if the VA loan allows me to put 0 down?
Thoughts on house hacking / living with friends?
Thank you for reading my post and helping me out.
V/R Luke Edwards
