All Forum Posts by: Rani Shukla

What are your thoughts on buying a primary residence?  I plan to live in it and rent out my old place. it needs some cosmetic work and not a bad deal. i am in south central texas near san antonio. 

Investment property need 10-25 % down. Mostly 20% down. Long Beach, based on home price,  you might need more down payment. On a side note,  If you do find neighborhood in lower price end ,pls let me know. I would like to look at it as well. 
    Another option is to buy something and house-hack. It needs low down payment, Or invest in another area. Or wait till you have more capital or market is better. 
       Last, Look for investors or join one. 

VA is usually CAP per person, and a person can use VA loan to by a MFU as long as they occupy it. Any bank loan officier can give you the information. I do prefer a Veteran working on it. Usually most informed.

I am a disabled veteran with individual unemplobility. I am thinking of purchasing another investment for rental. This will put me over the VA's income limit. I do plan to get a property management company. I know social security counts it as passive income. But VA answers are wishi-washy. question being. Does the rental effect "IU payment" in any manner ? Has anyone done this before ?
any suggestions on how to file taxes on it.