Please upgrade your web browser

These pages are built with modern web browsers in mind, and are not optimized for Internet Explorer 8 or below. Please try using another web browser, such as Internet Explorer 9, Internet Explorer 10, Internet Explorer 11, Google Chrome, Mozilla Firefox, or Apple Safari.

Veteran in the Real-Estate Field


Eddie Ocasio Maybrook, NY

Hello all!

I am a 5 year Navy Vet and current Navy Reservist. I am interested in learning more about real-estate, specifically buying and holding various rental properties. This isn't really a transition as I am employed full-time, however, i am interested in learning some of the benefits Veterans have in this field in the state of New York. What are some advantages at my disposal that can aid in me entering this field? What are the best resources that can be used both by civilians and veterans that can help a beginner investor?

Thank you for your time and knowledge!

22 January 2020 2 replies Mentoring



Eddie Starr Spokane, WA

Hey, Eddie. Great name, btw! ^_^

Here's a helpful way to start, being that you're a veteran. Your VA housing loan allows you to buy not just the traditional home, but a 2 - 4 unit home (known as "single family"); +5 units is multifamily. You can buy a du/tri/quadplex, live in one of the units, and rent out the other(s). This is a great way to start. Not only that, but after you live in it a year, you can refi the property, and use you VA housing loan to buy another 2 - 4 unit; the refi needs to pay off the loan in full. You have to go through a process to get it re-instated. I've read that it may be possible to do this with 2 properties, but can be trickier, and many suggest just doing one at a time. Note that unless you have prior management experience, only your current income will count, not the potential rent made from the units. Also, the rules are always changing, so you'd need to consult with a specialist.

Did you enroll in the Thrift Savings Plan, or any equivalent? Does your current employment offer any sort of retirement plan (ie, 401k)? If so, it's often possible to roll over all, or part, of your retirement plan(s) into what's known as a Self-directed IRA. This can allow you to have some money down for lenders who specifically lend to investors.

Hope this helps. Feel free to reach out, too!


Phillip Nelson Tyrone, GA

Hi Eddie,

There are a few franchise concepts that could be another alternative. Yes, it will require an investment to acquire the rights but many franchise brands offer a Veteran's discount on the Franchise Fee and have relationships with lenders who specialize in funding veterans interested in business ownership. The benefits of investing in a franchise model include a "turn-key" business that will provide you with the infrastructure, training and on-going support to help you build a successful business. There are several brands that I can recommend if you're interested.

Your Answer

Please log in to answer this question.

Sign Up

You can join as either a Veteran or an Advisor.

An Advisor already has a career, with or without military experience, and is willing to engage with and help veterans.
Sign Up as an Advisor.

A Veteran has military experience and is seeking a new career, or assistance with life after service.
Sign Up as a Veteran.