First Investment Property

[Jhamari Hogan]

Hello, I currently own a home already (VA loan), I used all of my entitlement for it already so I cant use it again. I am looking at buying my first rental but it appears that the only loan that is available to me is a conventional loan since the usda, fha, etc. require the purchase to be my primary residence.
I have about 25k to invest (to include closing cost), I wanted to ask if anyone knows of a loan that would work for my situation.
Furthermore, a more important topic is that im asking for advice on a location to get the best returns with this investment amount. i.e. good price to rent ratios, ROI, CoC, Cap rates, etc.

I greatly appreciate any help!

[Abbey Humphreys]

Hey Jhamari! It's great that you're getting started on your real estate investment journey. To purchase an investment property as a rental, a DSCR loan could be a great option for you. These loans are based around the cash-flow of the property that you are looking to invest in and can be a great option for first time investors.