Newbie looking to buy first home and/or BRRR in Vegas

[Darian Tannis]

I am a complete newbie in need of advice!

My name is Darian Tannis and I am currently active-duty Air Force. I am stationed in Germany and have been learning as much as possible about real estate investing over the last few months. I have just gotten an assignment to Las Vegas baby! Unfortunately, the market is in shambles at the moment for buyers.

I am looking to purchase my first home and am very eager to also purchase my first rental property. However, my concern is that I may be biting off more than I can successfully chew.

I have been preapproved for a $350K VA loan. My target price for my primary home is $250K-$300K. I would also like to purchase a possible BRRRR for around $100K. I have $40K saved for a down-payment.

Should I put that $40K towards my primary home and wait for the market to shift before trying to pull of my first BRRR, or should take advantage of the VA loan and put down less to save for the down-payment on a BRRR?