In this episode, Brock speaks with JD Modrak. JD is currently a director at Kasa and is as close to a VA loan expert as I've found. We talk about MBAs and how the value of an MBA could be offset with drive and experience, his time stacking VA loans and why now may be the best time to use a VA loan despite where interest rates are, and the state of short term rentals - why or why not they may be worthwhile.
Episode Resources:
JD on Twitter: https://twitter.com/JDModrak
Show Notes:
00:00 Episode Introduction
01:15 Why JD doesn't want to talk about the Navy
05:37 Driving aircraft carriers to squeezing more aircraft seats on planes
08:43 Attitudes perpetuated in the military, good and bad
15:43 Is an MBA worthwhile?
21:47 How would JD coach someone through doing the work and skipping school?
25:30 Paths from business school and evaluating alternatives in the workplace
31:38 Story of using the VA loan for the first time
43:05 Stacking loans and rules around VA loans
47:49 VA Loan caps today
52:57 Coming to a conversation with a broker prepared
01:01:13 Must have's when buying a home with a VA loan
01:05:25 Finding people to have in your court
01:14:50 Introduction to short term rentals
01:24:06 Working at Kasa and learnings from working in real estate 01:29:28 Summary and closing thoughts
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The Scuttlebutt Podcast - The podcast for service members and veterans building a life outside the military.
The Scuttlebutt Podcast features discussions on lifestyle, careers, business, and resources for service members. Show host, Brock Briggs, talks with a special guest from the community committed to helping military members build a successful life, inside and outside the service.
Follow along:
• Episode & transcript: https://www.scuttlebuttpodcast.co/73-retiring-on-multifamily-real-estate-with-jd-modrak/
• Brock: https://www.brockbriggs.com/