You may be wondering how the world can someone buy a home with no money down in Today’s economy or even in General. I’m here to tell you how I did it when I was 19. Let it begin!

When I was stationed in Missouri with my first year in the military I was given the option off of base. At the time I didn’t want to rent for multiple reasons such as dealing with property management or my tax-free housing allowance not going back into my pocket. Also, at the time, I didn’t want to pay for a mortgage alone. I hated the idea of being single and living in 3 3-bed 1 1-bath home and paying for that mortgage + utilities all by myself. However, I did realize owning a home could help me build an extensive amount of wealth, and that I had a VA loan that I wouldn’t have to put money down. So I came up with a plan.

The plan consisted of getting roommates and charging them rent and utilities included. Which would help me pay for the mortgage and utilities. Additionally, I leveraged my VA loan to help me pay for this with no money down. What I did from here was that I started looking for a home and found one I really liked in a great area! Thankfully, during this time it was still a buyer’s market so I wrote up an offer requesting the Seller Pay the closing costs. They accepted and by the time closing came, I actually walked away with 500 dollars in my pocket.

I understand that not everyone has the privilege of having a VA Home Loan to be able to buy a home, but if you do have it available it’s a 100% worth using to buy your first home, and it is a great way to start building so much wealth.