How can MHN Property Management help you?
MHN Property Management was founded by Ret. Master Sgt. Keith Leo Miller, after 20 years of serving our country in the Air Force. His daughter, who was born at Wilford Hall on Lackland AFB, now owns and runs the company. MHN Property Management is proudly Veteran established and military brat owned and operated! Courtney is carrying on the tradition of helping those who serve to invest in themselves and their futures.
Service with Integrity and Information.
We take our fiduciary responsibility very seriously. This means ensuring we’re informed and knowledgeable about the local markets, local and national economy, and how monetary policy shapes the housing market. It also includes understanding the various options available to our military personnel and how you can leverage them to increase their monetary gains. But we don’t stop there. We also engage regularly with local politicians to lend our voice to shaping the local housing environment. It’s not about us but how we can serve you.
The answer to this question is very individual. Factors to consider include the time you’re going to be at this duty station, the local housing economy when you arrive, your financial goals, and what level of financial risk you can tolerate. A conversation with Courtney @ MHN starts with listening to you, asking questions, and helping you find the right home for you. We can help you understand your options and find the house that best meets your needs - renting or buying.
If you bought a home and are now PCSing to your next duty station, you may have a great tool for building wealth for your future. You may also find that selling right now isn’t the best choice economically. To answer this question, we will start with a direct and frank conversation about your needs, your opportunities, and, most importantly, figuring out the numbers. Once actual projected numbers are applied to the scenarios, making an informed decision is much easier. Call to action or link to contact page here?
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Being a landlord and your VA eligibility
Depending on where you land, it may be possible to purchase another home with your VA eligibility while renting out your first home that was purchased with zero down and your eligibility. But what happens when you’re ready to purchase your third home? It might be time to refinance your first home (now your first investment property). Since your housing allowance and your renter’s payments have increased your home equity over time, you may be able to refinance with a conventional mortgage and reaccess your VA eligibility.
The standard VA loan limit in 2023 is $726,200 for most U.S. counties, increasing from $647,200 in 2022. What would a second VA home purchase look like? If your house in San Antonio was $320,000, zero down, you may be able to buy a house up to $406,000 with zero down at your next duty station. If you land in a more expensive home market, you would need to do 25% down on the excess. We highly recommend that you speak to a knowledgeable loan officer to discuss your options. (There are many qualified and experienced loan officers out there; however, some of my favorites are Madge Rochelle of Guild Mortgage, Keri Moss of Jefferson Bank and Angel Ortiz of Cornerstone Home Lending.
New Loans and Rentals
When applying for a new mortgage, your lender will want a copy of your lease. Lenders generally use 75% of your annual lease amount to count toward your debt-to-income ratio. Although the lease may not be a positive cash flow in the lender's calculations, it will partially offset the mortgage. Working with a knowledgeable lender to set your investment goals and budgets is key.
Professional Property Management
Suppose you decide that leveraging your benefits to increase your wealth over time is the best choice. Maybe you’d have to bring money to the closing table that you don’t have (or don’t want to spend that way). In either scenario, our goal is to provide you with professional property management that allows you to decrease your liabilities and increase your profitability. We strive to keep you informed about your investments and take steps to minimize your liabilities with decades of experience. We want you to experience the benefits of real estate investment while reducing the worry. You already have a lot you're responsible for. Let us help you as you protect us.
The Savvy Military Investor
You have a tremendous opportunity to build wealth during your time serving our country. You can maximize the use of your VA eligibility to purchase houses at each duty station. When you transfer duty stations, you can rent out your now-investment property and let your renter build equity in the house as it appreciates in value over time. And what better place to start this smart strategy than San Antonio, a market that many investors around the world are trying to buy in? Remember, you are running your own business when you own a rental property. Setting aside reserves for regular business expenses (maintenance, tenant turnover, etc.) and unexpected expenses is wise. Solid planning allows you to leverage your advantages to build wealth for you and your loved ones. You may be able to build an investment portfolio so that your rental income becomes more than your military retirement income.
Want to explore how this strategy could work for you?
Ready to sell?
MHN Property Management, LLC is a full-service real estate brokerage with over a decade of experience in getting the top price for your property.
Ready to buy?
We can help you identify a property that can serve your needs now and in the future.
Ready to be a landlord?
Contact MHN Property Management, LLC to have a frank, numbers-driven, and needs-based conversation on becoming a real estate investor with your current house. Become empowered with solid information so you can make the best decision for yourself.
Not sure?
We’d be happy to help you explore your options. It’s about the facts. It’s about your needs and desires. We can help you with whichever path you choose.
About Ret. Master Sgt. Keith Miller
Keith grew up as the 9th of 10 children on a farm in rural Arkansas. Not only did he learn about farming and farm equipment, but in the off-season, he built homes with his dad. He’s proud that after 20 years serving our country, followed by building his own business, he was able to build a home with himself as the general contractor up at Canyon Lake. (If you’re looking for a great weekend getaway, this gorgeous house will soon hit the short-term rental market!) Now he spends much of his time with his grandchildren and travels the world - this time for pleasure, not work.
About Military Brat Courtney Rosen
Courtney has embodied the saying, grow where they plant you. As she started 9th grade, it was her 10th school. Her first career was as a secondary school teacher. Her classroom management skills have come in handy in running a property management company - it turns out that high expectations, clear communication, and factual information are great assets in both fields! Courtney has taught three languages on three different continents (despite requiring speech therapy to master English and being dyslexic - hard work trumps excuses every day of the week!) She is now hoping to continue learning through experiences and carrying on the family tradition of home building with her own project in 2023. Courtney also serves on the San Antonio Board of Realtors (SABOR) board of directors, represents landlord voices on San Antonio’s municipal government renter’s solutions committee, and is active in the political action and educational committees on the local and national levels for the National Association of Residential Property Managers (NARPM). With much gratitude for our military personnel's sacrifices, she hopes to help here on the homefront as much as she can.
