New Investor Seeking Input on Plan

[Justin Molzhon]

Hello Bigger Pockets! 

I am currently active duty military but am transitioning out in September. I am currently stationed in GA and my wife and I have a house here with a mortgage at the very top of our budget. Our plan is to move home to KY and start investing heavily and sooner rather than later turn it into a family-run business that encompasses most of everything we need from agent to tradesmen to property manager. The current plan is to use our VA loan to purchase a primary residence in the area and hard money to fund our first BRRRR. We anticipate selling our house in GA to pay down debt and cover any immediate expenses/float us for a couple months. Her side of the family has the trades covered when it comes to rehab and I have experience in the purchase and land lord side of things. My biggest concern is that this will be our first BRRRR and using hard money seems a little overwhelming. What my question/concerns really come down to is looking for potential pitfalls in this plan since I am the first person in our circle to pursue real estate. I would also love to get connected to folks in the central KY area! I know there's probably many questions about this but I tried to give a very simplified run down. I'd be happy to provide more in-depth info though if anyone wants to chat more about it.

- Just Molzhon