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Updated about 4 years ago,

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Newbie in the Military

Posted

Greetings,

A co-worker of mine put me on the book "Investing In Real Estate With No (and low) Money down) by Brandon Turner. I've learned a lot from it and have been wanting to get into real estate investing for a long time. The book really motivated and convinced me It is possible. Book also directed me to this community, which I am extremely thankful exists. Looking to prioritize my active income into real estate so I can grow passive income and secure family future.I am currently looking at properties in my home state Texas but am not limiting my self to just there.

1. Currently on deployment and outside continental United States

2. Currently own 0 homes. This will be my first, and I plan to invest in Owner-Occupied multi family home. 

3. Leaning towards using FHA loan rather than VA

4. Willing to invest in real estate in any state with good land value

I have found a couple in TX that I am interested in but I don't know the right way to go about things. Should the lender I use be in the state that I am interested buying a home in? If I am away or stationed somewhere else, and don't plan on living there until I get out, will I have to scratch the idea of Owner-Occupied?

I honestly have so much questions but I think my fear is mostly stemming from just never doing it before. Please help. Thank you.