I’m a recently disabled vet, living in Texas. I have a chance to purchase a home as a wholesaler, but I actually just want to rehab and live in the home with my kids. How do I find out if I can do this legally? It’s a great deal, in the area where my kids go to school, and if I buy retail, I can’t afford nearly as much home on disability.[i][/i]
Call a mortgage professional to learn how this affects you. There are Texas Vet loans that don’t require large down payments. Ask a mortgage pro before you make a move.
You probably already know you can get an exemption for being a disabled vet in addition to your homestead. http://www.window.state.tx.us/taxinfo/proptax/tx96_295/home.html
Let us know if you need anything else.
Dee, thanks. Actually, I didn’t know about the tax exemption. I appreciate the links.