Seeking Strategy Advice

[Shane Hutchins]

Hi everyone! My wife and I are new to the investing journey. We are a military couple and move every few years. Our plan is to capitalize on the move to purchase distressed property and fix it up while we live in it, while taking advantage of the VA Loan, and then rent it out once we leave. We were not aware of Bigger Pockets before our 1st purchase at our current location and we created very little equity, possibly because of poor strategy. We are off to our next location in July. I called the mortgage company today to get pre-approved but was informed of the LTV and we are above 80%, the lender says it will be hard for us to get another loan. I have 2 answers in mind but do not like either, I would like to seek some advice on our next steps. Thank you very much for your input.

[Joshua McMillion]

Shane, 

I use Tracey of American Dream. She is great and found tenants quickly. The tenants we have will be in the property for possibly 5 years! 

http://www.realtortraceyw.com/

Sincerely

Josh