Where Do I Start when Real Estate Investing

[Account Closed]

My wife and I would like to get into real estate investing. Looking to buy and hold as well as do BRRR. There's soooo much information on different ways to do it but it's honestly overwhelming. I just want to purchase a property and rent it out but so many people have been telling me to go through a hard money lender, private money lender, go through the VA (I'm active duty military btw), maybe even get an SBA loan. I don't know where to start and there's too much information that it's crippling me. Just looking for some guidance on how and where to start when it comes to getting into the world of real estate investing. Thanks in advance!

[Steven Foster Wilson]

Quote from @Account Closed:

My wife and I would like to get into real estate investing. Looking to buy and hold as well as do BRRR. There's soooo much information on different ways to do it but it's honestly overwhelming. I just want to purchase a property and rent it out but so many people have been telling me to go through a hard money lender, private money lender, go through the VA (I'm active duty military btw), maybe even get an SBA loan. I don't know where to start and there's too much information that it's crippling me. Just looking for some guidance on how and where to start when it comes to getting into the world of real estate investing. Thanks in advance!

I would definitely use your VA loan. In my opinion it is one of the best loans on the market. I've even thought about would it be worth going into the military just for that loan. When I got started investing my sophomore year of college, I had $500 to my name, My grandmother lent me $12k for the downpayment on a duplex on OSU campus in Columbus. Over the course of a year my wife and I fixed it up, rented to friends, ate peanut butter and jelly, did everything we could. We then refinanced the property and it has given us $140k in cash back and continually produces $1,800/month in cash flow.

I think you should identify the market in which you would like to invest. Start running numbers so that you know what a good deal will be. Find a good realtor, a good lender, and a mentor. 

Get started and it will be only good things for your future!