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Updated over 6 years ago,
Starting out in REI with $25k
I have $25k to use toward my first multi family apartment building. I also have a VA loan to use that can get me $500k-700k with zero down at 2-3% interest. What are some steps that I can take early on to purchase my first building?
-Should I have a real estate license?
-Do I use an agent or broker to find a property?
-How many doors should I start out with?
-How much should I use on repairs?
-What are the first couple steps in attaining a property? (What’s the first thing I should do, what’s the second thing I should do? 3rd, 4th, 5th?)
-Do I use an attorney at some point in the process?
-How long do I wait before buying another property?
Also, if anyone knows any good mentors, I’m all ears.