All Forum Posts by: Account Closed

Sorry for the late replies but thank you everyone. I will be sure to keep BiggerPockets updated every step of the way.

@Jimmy Syamphone Wow! Thanks a lot I appreciate all your help.

@Jimmy Syamphone I do plan on living in one unit, it is required for a minimum of 1 year when using the VA Loan however I look forward to gaining Property Managing and Landlord experience. I'm still learning the ins and out of Real Estate so I'm giving myself a reasonable timeframe before I actually make a purchase educating myself is my first priority.

What area of San Diego would you suggest? I'm thinking near the Naval Base where I would be likely to keep the property occupied with tenants. Thanks for your reply.

@Grace Andres Thank you for the advice!

Hello everyone, I'm looking to gain some insight on using my VA Loan to purchase my first multi-family home here in San Diego, CA. A little bit about me, My wife & I are currently active duty serving in the Navy and just moved to the area. I am aware of SOME not ALL the guidelines regarding using my VA Loan i.e. Residing in the property for 1 year prior to selling or moving. Real Estate is something I've always been interested in and once I discharge from the service it is something I plan on doing full-time. Not to bore you my questions are simply..

Do you think San Diego is a good place to invest?

Would you recommend my wife and I to use both our VA Loans to invest vice me just using mine momentarily?

Is there anything I should know before pursuing my Real Estate Investing dream?

What should be my first step?

Thank you all in advance for your replies.

Yes I am aware, my wife & I plan on occupying the property for the 1 year minimum. 

Thank everyone for the comments I will further my research on the topic to help educate myself. My next question would be do suggest a condo as a investment property or a multi-family home? 

Hello I currently in the military and so is my wife we are eager to use our VA Loan and invest in a multi family home. One of my questions that I have is I'm aware that if I was just to use my VA Loan a 4 unit is the limit, would my wife being in the military also allow us to get something larger than 4 units? Would you suggest that or should we invest in just a 4 unit place and use her VA Loan for upgrades? I am brand new to the site and investing all your information will be greatly appreciated and the more comments the better. Thank you very much.