What is my next move with the two options I have?

[Darren Landerway]

Hello,

First time in here but very familiar with podcast. I have a question about the next move I should make with real estate. I currently own property upstate New York that is doing well and would like to buy another investment property to continue a flow a passive income. I am in the military and have moved to D.C area and want to try and utilize my VA benefits instead of the liquid cash I have saved to try and buy my second home ( if I buy in this area).

I've recently been looking and speaking to real estate agents to try to figure out what are my options and all have said I'm forced to buy in area I live bc VA stipulations say owner occupied.

So my question is where do I start to really make sure I'm making the best move when utilizing this benefit?

Secondly if the choices that are available with using VA don't fit me at this moment, to use the liquid cash I have (not the biggest savings) to purchase another property (elsewhere if numbers are right). I just would like some guidance on the next move to get me started in the right direction to buy another property.

Thanks

-Darren 

[Michael Anderson]

do you equity in the property that you own Upstate, if you do then why not open a HELOC, and purchase the new investment property to get the cash flow you need, then possibly after 6-9 months try to refinance the property possibly buy and rehab of fixer-upper, take that and buy 1-4plex or buy and hold single residential for the passive income, you should be in a fair market if you live in the d.c. area va/dc/de/md metropolitan i have family in glen burnee not that far from you, just take aim at your niche and pull the trigger, be sure to do proper due diligence and you should be alright, keep posting but most of all keep sharing