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Should I Buy A House?


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#21 mike0331

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Posted 20 July 2018 - 14:47

 

You've got me confused on this...adjusted BAH? You somehow receiving dual BAH (for family not PCSing to Rucker) or something?

 

DOD BAH rate query for 36362 (Rucker) is $1149 w/dependent and $957 w/o dependent for W-1 is the reason I ask.

 

So apparently if you are guard you can get a BAH waiver for your home of record if you have a mortgage/own property... or so I'm told. I think you need to apply for the waiver on a case by case basis. I don't think it's dual BAH, I believe it's one or the other. 

 

As far as time to do work goes -- I'm in an awkward position because I can't really get a civilian career oriented job with my training on the horizon. Once I have all my final dates for training locked in I may move down a couple months early and knock-out the house-work. 

 

Mike


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#22 Sabell44

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Posted 03 August 2018 - 13:38

Perhaps a dumb question, but as an unmarried WOC am I required to live on base even if I can afford to live off base? I'm facing surrendering my animals otherwise so it would be worth it for me to bring them with me if I can.

#23 flanker

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Posted 03 August 2018 - 17:33

once you're a w1 you can live off post if you choose to 



#24 mike0331

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Posted 03 August 2018 - 19:07

Perhaps a dumb question, but as an unmarried WOC am I required to live on base even if I can afford to live off base? I'm facing surrendering my animals otherwise so it would be worth it for me to bring them with me if I can.

 Sparing you the classic animals are family members lecture (in the case of dogs), you can have dogs on base anyway. 

 

Mike



#25 Pluto

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Posted 17 August 2018 - 16:33

It really depends upon where it is. I have a strong background in real estate and economics. And I can tell you that the USA is about to see the prices of homes start to decline. Mostly because the interest rates are going up.

 

 

Also, fiscal policy. I don't know how you guys feel about Donald Trump so I won't touch that subject to much. But the border policies effect the housing market in the lower income areas too. It is discouraging illegal immigration. Which makes up of about 1/3 - 4/5 of the rental market in certain areas. That's why rent in sactuary cities is already on the decline according to https://www.rentometer.com/

 

Sense the rental market is what contributes to the rising price of investment properties. You can conclude that the price for multi family homes will go down.

 

Plus there has been allot of homes built to accommodate the population boom.

Now the price will go down because nobody is there to rent the homes. 

 

So in my opinion you should buy in areas near the ocean or lakes. And A and B class properties. Also, you can wait and find a ton of lease option deals on the horizon. If you don't know what they are. It's a way to buy a home from a distressed owner without a down payment at a 30% - 47% discount.

 

And you can bet homes near lakes and the "gaybor hood" will always go up. Also, if it's near a starbuck it goes up once that goes in. You can always PM me if you need help with that. I'll tell you how to do it in your best interst and not the brokers. Some times they don't tell you everything so they can profit.



#26 mike0331

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Posted 17 August 2018 - 19:59

Since I think I'll be able to keep this under 65K total cash investment, after a bit of sweat equity I think we'll do alright. It's a relatively low risk investment. While I don't disagree that vacation houses are money-makers, I don't have that type of cash at the present time. Also up here in NE it's very seasonal.

My questions here are somewhat specific to the Ft. Rucker area. 

 

Mike



#27 Pluto

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Posted 18 August 2018 - 10:39

Since I think I'll be able to keep this under 65K total cash investment, after a bit of sweat equity I think we'll do alright. It's a relatively low risk investment. While I don't disagree that vacation houses are money-makers, I don't have that type of cash at the present time. Also up here in NE it's very seasonal.

My questions here are somewhat specific to the Ft. Rucker area. 

 

Mike

If you have the VA loan you can get the down payment for the property from that. Also, I recommend getting a multi family house so the tenants from the other units will pay your mortgage. Then you can live there for free. Some place you can even profit from.



#28 mike0331

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Posted 18 August 2018 - 12:12

Going to use a HELOC and cash out refi.

Mike




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