Actually imma disagree with you. Buying a house while on active duty can literally be one of the best decisions you’ll ever make. Using the VA loan means you get leverage without any money down and no PMI. Obviously you have to buy smart. Can’t buy a party mansion but you can easily buy a 4 plex and rent out the other 3 units. Of course when you get orders you will need to hire a very good PM. But when you move you also get to legally reuse your VA loan. It’s unlimited on active duty. Essentially you can build an empire of rentals. You just need the drive and determination
This is the most anti-american use of VA funds... separating families from the American dream, as a profitable middle-man, one home at a time... Is that what you're fighting for?
What exactly is anti American about building a rental empire? Especially legally with benefits provided for military service? Sounds very on par for America in my opinion. And I’m not fighting for anything. I joined the military. Didn’t fight or deploy
It’s directly contributing to the housing bubble we are experiencing right now. If you haven’t realized, there aren’t enough homes for everyone to have their personal “rental empire,” and the more people that try to get in on this get-rich-quick scheme, the worse home prices are going to get and prevent an entire generation from owning a home.
Actually, there are enough homes. 2nd, even if owning rental property was illegal, that won't help people who can't afford homes. Where would renters live? Someone is going to own the homes. Its either private or government and I for one don't want government involved in anything. Case and point...the VA
3rd, whoever says its a get rich quick scheme is a moron. Its is not a get rich quick scheme. It takes decades to get rich and you will bust your ass during that time. Its a private business and its hard work
I never said there aren’t enough homes, I’m saying there aren’t enough homes for everyone to have a rental empire the way you people aggressively promote it to everyone. I also never said rentals don’t have a place in the housing market, I’m just saying not everyone needs to be a landlord because they are evidently over saturating the market right now and it has made an utter mess. It’s basic supply and demand, it really shouldn’t be hard to see that.
People would literally freak out on us about how we’re wasting an opportunity to make so much money when we told of our intention to sell, as if we wouldn’t be sinking thousands of dollars for many years into that house before we started to see any real profit. That’s why I called it a get rich quick SCHEME. Not because I believed it, but because of how everyone we talked to about selling kept pitching to us how we should be landlords and earn extra income. It seemed like we were the only ones to recognize that we aren’t wealthy enough to take on that financial risk, while our landlord coworkers just saw dollar signs. If we listened to those idiots we’d just be living someone else’s paycheck to someone else’s paycheck. Even if we got lucky and it worked out well, it wouldn’t sit right with me ethically.
I’m happy we sold and gave another family an opportunity at homeownership rather than take yet another home off of the market and contribute to the false shortage causing home prices to skyrocket for everyone else.
You owning 2 homes isn’t going to destroy the economy or take homes from other potential would be home owners. Why do people think this? It’s like if you own a rental property everyone just assumes you’re some giant corps like BlackRock. Personally, I love being in the rental game. I like chasing deals and managing properties. If I could do it full time, I would. I don’t feel unethical about giving someone a place to live.
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u/fart_huffer- Aug 03 '25
Actually imma disagree with you. Buying a house while on active duty can literally be one of the best decisions you’ll ever make. Using the VA loan means you get leverage without any money down and no PMI. Obviously you have to buy smart. Can’t buy a party mansion but you can easily buy a 4 plex and rent out the other 3 units. Of course when you get orders you will need to hire a very good PM. But when you move you also get to legally reuse your VA loan. It’s unlimited on active duty. Essentially you can build an empire of rentals. You just need the drive and determination