Sitting on a Gold Mine

[Joel Mitchell]

I am looking at getting into real estate. I have a VA that I can use for my first purchase. I plan to live in one of the units and pay rent to myself to do a refinance sooner than later. I will not have to pay the finance fee either. The problem that I am running into is finding property. I would like to start with a quadraplex as it will provide the largest amount of cash flow. However, there are only duplexes in my area. The housing market here is insane. Houses are staying listed for days not even weeks. Should I look into building? Wanting to make sure that my first property is a least a base hit.

[Joel Mitchell]

I understand the concern.  I am playing the cards that are dealt.  I have been working hard to get this point of being ready to pursue this business.  I know that interest rates are rising and I think that they are going to be going higher.  However, I know that the interest rates affect cashflow on a minimum scale.  You would just need to ask yourself if risk fits your situation.  The rates are not a driver for me at this point.