I recently did a transaction for a 22 yr old E-4 in the Army. He was fresh in from his last station. No sooner had he landed when he contacted me to see how much house he could qualify for. These calls get me very excited because at such a young age he gets it. Soon after we closed he deployed, however before leaving, he secured other military personnel to rent to. This has put him in such a great position in many ways. First, and most obvious he has an investment that was 100% leveraged, and a tax write off. Even better he has a rental at full capacity. While deployed he has nothing to spend money on. This means when he returns he will come home to $66,000 and he will only be 23 years old. The power of the va loan is life changing especially if executed at a young age.
Anonymous
ALoha,
THank you for your question
Qualification depends on many things such as how much debt one carries. Each case is
is different as no two people have the same exact bills. Feel free to call me at
* (808) 382-7444 and I'll be more then glad to walk you through qualification.
Mar 25, 2011 07:51 AM
#2
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