@godsson01 Yes, but if you delay buying back your military time when you start as a GS and wait until you’re close to retire as a GS you’ll have to pay the buy back amount plus interest from when you first started as a GS. Could be a big number.
@marc422 A buddy of mine retired E-6 got a GS job, bought back all his military time which dropped his military pension. He is a GS-14 and has 5 years left until he retires.
@davidolonge Looking at other rentals with 3 bedrooms in the area are renting between $1000-2000/month. The $2000/month are homes in a gated community. I even looked up how much an E-5 with dependents would get BAH in the area and it’s $1278.
@charles15 I figured 20% but if it's 25% it's still not an issue. I knew I couldn't use my VA loan for this. But what I was trying to say above on my next purchase I plan on using a VA loan.
@charles15 I'm stationed overseas, so I'm not at a location where I would want to buy a home at. I may end up living in one side of the duplex when I retire or use my VA loan and buy something else. That is too far in the future to decide at this moment in time.
@godsplan The numbers are real for buying price and average rent for the area. I'm buying the duplex from my father who recently inherited it and doesn't want to keep it.
I've been working out the numbers for buying my first house which will be a duplex investment property. I have the worksheet linked below, am I missing anything? I have about 5 years left before I retire from the military. So far it maths out...