Skip to content
×
PRO
Pro Members Get Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
$0
TODAY
$69.00/month when billed monthly.
$32.50/month when billed annually.
7 day free trial. Cancel anytime
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Starting Out
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated over 1 year ago,

User Stats

14
Posts
7
Votes
Moises Rodriguez
  • New to Real Estate
  • Rancho Cordova, CA
7
Votes |
14
Posts

Want to invest in property, don’t how how to start

Moises Rodriguez
  • New to Real Estate
  • Rancho Cordova, CA
Posted

Hi all! My wife and I paid our house off a few months ago, it was on a VA loan. We're interested in getting investment property to start some extra cash flow and increase our assets. The problem is, the multi family houses here cost anywhere between $700K and past the $1 million mark. I've called several banks and they've said to use a VA loan (with $0 down) I need to live in the house for a year. If I don't plan on living there then I'd have to get a conventional loan and put down 20-25%. That's a big chunk of cash that I don't have saved up yet. What can I do? My goal is to be able to get an investment property with the least amount of money I need to put down and create some positive cash flow. Any advice would be greatly appreciated.

Loading replies...