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Updated over 5 years ago, 07/18/2019
Active Duty military trying to get into Real Estate
Hello all,
I am 22 on active duty located in Houston, Texas. I purchased a home when I was 21 and have put a tenant into it to move closer to work. If possible I would like to try and BRRRR this house but I don't know where i'd go about rehabing it. My round trip drive was pushing 2 hours a day and I wasn't having it anymore. I now live in an apartment less than a mile from my job so I bike almost everyday. I am not married so this is all on a single income, I also have no car loan, no student debt and no credit card debt. I am fortunate to have the VA loan available to me so house hacking a multi family is definitely an option. I really would like to learn more and start using the BRRRR strategy. I'm probably approaching this the wrong way by saving up as much as I can and then dumping all of that into a place. I have around 10k to get into another property but finding something in this market isn't easy for me. I want to have at least five properties before I transition out which is in about two years. Overall I would like to purchase a cash flowing property by the end of the year. Any advice or where or how to get started would be appreciated.
Thank you in advance for your words of wisdom.