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Updated over 2 years ago, 09/07/2022

User Stats

9
Posts
1
Votes
James Carter
1
Votes |
9
Posts

Jumping from Residential to Commercial and How to Scale

James Carter
Posted

My wife and I closed on our first true investment property. It was a four-plex that we financed with a VA loan as a primary residence. We are looking for other avenues to invest in and have considered commercial properties. We are trying to nose dive into real estate and make this a success. What are good ways to scale the business without having to wait a year just to move into another primary residence funded by another VA, FHA, or conventional loan? I've been looking into a DSCR loan option for buying larger apartment type properties, but also for commercial properties that are leasing to businesses. The properties that I'm currently looking at are selling between 2.5M - 3.9M. I'm leaving the military and I will not have a source of income for a while. My wife does work and receives a W-2, but does make more than 35k a year. Our current investment is $3,750 - $4,350 gross monthly income. How can we take off on this venture and make this a viable business?

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