VA Loan Information and How to Get Started

[Steven Stutzman]

Hello everyone. I'm new to REI and the BiggerPockets community and I was hoping to get some insight. I have been reading through the forums regularly and everyone here seems extremely helpful. The main question that I have is about the VA Loan that I used to purchase my first house at the beginning of this year. I didn't put any money down because I wanted to keep it for savings and possible investing. I am looking to purchase my first rental within the next 90 days. I'm willing to use my savings to get started but I'm trying to figure out what I should do (if anything) with my current home. The value of the home has grown quite a bit since I purchased. I'm considering trying to sell and maybe start house hacking. I live near Portland, OR and the properties here are fairly expensive. I'm also considering renting out my house but that won't generate any cash flow. My main goal right now is to start investing and I'm willing to be risky. Any help would be greatly appreciated.

[Jeremy Roberts]

@Steven Stutzman I'm not sure what your living situation is, but why not house hack now? Rent a spare bedroom, build more equity and save more cash for the next investment. I bought my first house in 2001 using my VA loan. A 2005 cash-out refi was likely one of the biggest mistakes (learning experience) I've made.