First time buyers

[Keren Figueroa]

Hi everyone, Like most people, my husband and I have read "Rich dad, Poor dad" and were inspired/intrigued by Real Estate. So far we have decided we want to buy properties to rent. So we would fall under the category of "Buy and hold" (I think, please correct me if I'm wrong). Husband and I are military veterans, we have not purchased with VA loan YET, but we are looking forward to it since we heard we can buy up to a 4 unit building. Back in May my husband purchased a condo with a conventional loan (has better credit than me), and we decided to live at the unit till we make our next purchase. Out of curiosity and in desire for another property I decided to apply for a loan but only got approved for an FHA loan. This limits my possibility to purchase a condo in our market which is Chicago... My question is should I be discouraged? Or should I be patient, wait a few months and then apply for a VA loan (using combined income of my husband and I) and buy the 4 unit building or triplex? I don't want to get stuck, feel like I'm going no where at the moment... Thanks in advance!