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Updated over 4 years ago on . Most recent reply

User Stats

11
Posts
3
Votes
Tyler Murphy
  • Rental Property Investor
  • Fort Walton Beach, FL (32547)
3
Votes |
11
Posts

Aspiring to purchase first rental property!

Tyler Murphy
  • Rental Property Investor
  • Fort Walton Beach, FL (32547)
Posted

Where to start...lol.

We'll first I'm pretty pumped I found BiggerPockets because I can tell how useful it really is. I'm an aspiring real estate investor. I currently own a house that's financed through a VA loan... I'm Active Duty military and I'm ready to grind to find my first rental property. BUT I keep getting stumped trying to figure out how I'm going to find a 20-25% down payment for that ‘said' rental property. I've considered maybe a HELOC? But I'm unsure if that's a good way to produce a down payment. I'm just stuck. I could bring a little money to the table and I'm willing to take risks. I'm highly motivated. I think about this stuff all day 😅. I'm just stuck on the best ways to go about getting it done. Especially because I already hold a mortgage over my head. I currently am living in Okaloosa County, FL and this is a great market out here!! I know I can capitalize on it. Just need some suggestions. Thank y'all!!🇺🇸

Most Popular Reply

User Stats

464
Posts
452
Votes
Matt "Roar" Gardner
  • Real Estate Agent
  • Tampa, FL
452
Votes |
464
Posts
Matt "Roar" Gardner
  • Real Estate Agent
  • Tampa, FL
Replied

Thanks, @Jayson Bell, for the reminder! I need to get that thing scheduled.  I'll have a solid date for our December meetup soon enough!
@Tyler Murphy - Like Jayson said, feel free to join my BP meetup and the PIG  meetup.  @Matt Robinson does a fantastic job at educating and bringing people together.  I can't say enough great things about PIG! 

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