Do you own a home now? Im a believer in starting with that. Your own place. I'm not a fan of co-ownership in general.Too many things can get sticky. If your co-signing on someone else's loan? Thats even worse. Investing in crypto's is highly speculative. How many times have you seen 'don't invest more than you can afford to loose' in this space. You don't see that with real estate. Good luck
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No I don't own, I rent a room with friends for $725. I am not co-signing a loan. I'm going 50/50 on a small property with a friend who is also a VA so we get all the mortgage benefits.
I've seen "don't invest more than you can't lose but I have 0 debt, paid off car and 40K in the bank, 10K in crypto, 15k in 401k & 20k in the stock market.
So my portfolio is somewhat balance between risky/somewhat safe investments. I'm 25 years old so i'm more willing to take risks financially.
All advice is welcome. I am very open minded and appreciate ANY advice.
I'd talk to a lender about this.Maybe I'm a bit confused. You wrote ' I could get on the loan with him therefor using the VA Benefits" Here's a link on VA loan co-borrowers https://www.valoans.com/articles/co-borrowers-on-va-loans/
We've been in contact with a lender who is willing to give us the loan because he is "mentally disabled" and therefor can have a "caretaker" on the mortgage with him.