Looking to start flipping homes

[Nicholas Blaylock]

Good afternoon everyone,

My wife and I are looking to pursue our journey towards financial freedom. We currently live in a one-bedroom apartment with a baby on the way. We're looking to move into a home early next spring. With the benefit of utilizing the VA Loan because of my service in the military, how should I go about starting our real estate flipping empire, but also moving into our long term home?

[Tom S.]

@Nicholas Blaylock As Caleb mentioned, consider using the VA for your primary residence, and then use other loans like HML for your flipping. They're two different strategies and require different loan types. Go to your local REIA meeting where you can meet other investors, possible partner with someone, and meet lenders in person there (instead of on-line).

Another successful strategy is to purcahse your primary residence, move out after a year and purchase a new primary house.  Keep the original as a rental. And then repeat every year or so.

I've seen a lot of people become wealthy with this strategy, accumulating properties over the years.

Good luck!

- Tom