Bought my first SFH, but now what!

[Michael Benton]

Since my last post I used my VA loan to purchase my first SFH as my permanent residence🤗. My plan was to live in it for a year and then rent and buy another. However, I hoping to get some advice on my next possible moves.

Ideally I'd like to buy more properties and I don't necessarily want to wait a year to do it. I know I can't use my VA loan until I've been in my current home a year. I have $10,000 that I was using as an emergency fund in case my W-2 job went south. Any advice on possible next steps with no money? Thank you for your time

[Josh Young]

@Michael Benton you can rent out the rooms while you are living in it, this will help you save more money in the meantime, but I would not recommend that you spend your reserves on another property, that is when bad things happen, you want to always have 6+ months of PITI payments available. A year might seem like a long time, but it will go by fast, use the time to keep learning, analyzing deals, and saving.