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Updated over 5 years ago,

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4
Posts
1
Votes
James A. Letwinsky
  • Maryland
1
Votes |
4
Posts

Start my REI journey with a VA loan?

James A. Letwinsky
  • Maryland
Posted

Hello BP community. I am currently active duty military, stationed at Fort Meade. I am reading books and attending meet-ups and just simply put, hitting the ground running however I can in the hopes of getting as much knowledge and collecting as many contacts as I can. My investment focus is rental properties. On top of this, I will be enrolling in grad-school while I am stationed here.

My question(s). Because of time restraints with work and school, and the availability of the VA loan (which I'm approved for), Is it in my best interests to use my VA loan since I have it? Also, I don't have much personal capital to invest. Given all that I am juggling, is it possible to manage a BRRRR property once I find a lender or should I rely on the VA loan even though it may not be applicable to a property that is in need of rehab? I am still working to boost my education but given what I put in the forum, any advice or tips would be greatly appreciated. Thanks in advance.

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