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Updated almost 3 years ago on . Most recent reply
Newbie Agent / Newbie Investor looking for advice on both.
Good Day BP Fam,
So this is my first post, so I'll give some background. I'm active duty military, transitioning out to civilian life later this year. I'm in the final part of obtaining my agent license, about to schedule my licensing exam (Texas). I'm also an avid listener to real estate podcasts, watcher of real estate YouTube, and I've read a few books on investing in real estate.
I haven't pulled the trigger on any properties, but looking to buy my first with a va loan this year. Also, since I'll still be active duty when I first obtain my license, I'll have limited time to practice. I do have a brokerage in mind to sign on with, after speaking with several different brokers, and agents around Houston.
My questions for y'all are below:
What specific things can I do to benefit myself the most before I am out of the military (for preparing to become a licensed agent, and preparing to buy this first property)?
How can I make a va loan on a home work for me long term to turn into a great rental?
What groups can I become a part of to begin the networking portion for investing? Specifically, with the intent of finding a partner to work with and learn from.
Thank y'all in advance! I'm excited to get started on both, and I can't wait to become the successful investor and agent I'm dreaming of being!
-Jon
Most Popular Reply
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For the first question, I would say start making people you know aware that you're getting your license. It would be pretty good for you to target veterans in and out of state, and also learning the benefits of the VA loan will help you tremendously.
How can I make a va loan on a home work for me long term to turn into a great rental? I would say find a home that will qualify for VA lending and plan to owner occupy for the first year. Eventually rent it out, but do your homework on the market rent etc before you purchase. The VA can be very helpful if utilized properly
What groups can I become a part of to begin the networking portion for investing? Specifically, with the intent of finding a partner to work with and learn from. There's so many groups in Houston, and a lot of them have tire kickers in them. The key is to finding someone who can relate to you and doesn't mind pouring into you.