All Forum Posts by: Michael Cote

@Willie Alexander James III primary residence

Okay so here’s the scenario. I currently am looking to buy my first home (condo). Right now I work full time as a bartender until the summer is up then my hours will drastically cut back as I start college in the fall. And every summer I’m looking to repeat this pattern of full time summer work, followed by part time while I’m in school. I’m looking to buy a property about once a year. My question is, can I simply use my summer income every year to buy a new home? And don’t worry about me not being able to afford it, as I’m a veteran and will be using my gi bill while in school, so I’ll still be getting income while I’m in school, however this income isn’t usable when banks actually count income, even though the money is being directly deposited into my bank. I also have about $100,000 smartly invested and diversified so I’m not worried about not being able to make payments. Any advice out there? I want to buy as many homes as possible using debt leverage, but the income factor seems to be a very large hurdle.