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Updated over 4 years ago,
Newbie From NOVA........
Hello all!
I am just now dipping into the real estate investment world after facing the possibility of having to retire due to injury as a Paramedic/Firefighter. I don't have any experience in real estate other then owning a couple of houses(one I reside in, the other I'm in my first year of renting out).
I'm also a veteran that has used the VA loan on both properties I own. Not sure if I can use this for purchasing a rental property in order to dodge the down payment or if I would have to use a conventional loan for this. Please advise.
I'm interested mostly in rental property investments to eventually turn into a passive (ish) income. I have thought about house flipping but based on my budget I most likely couldn't afford the upgrades. upgrading them myself is on the list of possibilities but is not yet probable due to lack of skills and due to my injuries.
I've been reading "The Book on Rental Property Investing" by Brandon Turner and his book recommended this sight. I have to say that I am somewhat skeptical about what I am getting myself into yet optimistic and excited at the same time.
Hoping to connect with other investors to learn the ropes and eventually help other newbies such as myself.
Feel free to reach out with any advice as I'm excited to hear from all of you!
~Danny