Wisconsin Veterans returning from active duty have a unique opportunity to build long term wealth for thier future!
The Federal VA loan is designed to allow a veteran to purchase his or her home with no money down. The home can be up to 4 units, and must be owner occupied.
Because of this unique option, I believe vets owe it to themselves to look at buying four unit properties to live in. There are several reasons. We all know that real estate is a large source of most people's long term wealth, especially those who own rental property. Second, let's say I wanted to go out and buy a 4 unit property. I'm not a Veteran, and even if I intended to live in the 4 unit I would require a large down payment. The Vet does not. This means a vet has the unique opportunity to buy a future rental property, with no money out of his or her own pocket.
Why not buy something you can live in for a while, almost rent free, and then use to generate income when you are ready to buy a single family home. Believe me, if I was afforded this opportunity I would be taking advantage of it.
Add in the fact that Vets are extended the first time buyers tax credit until 4/30/2011, a year longer than everyone else, and you have an amazing opportunity to create wealth in your future.
For more information on VA loans, your eligibility, current rates and programs contact me.
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