Jumping from Residential to Commercial and How to Scale

[James Carter]

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?

[Paul Moore]

Hi @James Carter! Congratulations on your success so far! I am in my third decade as a real estate investor and I spent the first decade plus, in residential. I often wondered how to make the leap into commercial real estate. I did not know where the on-ramp was or who to trust. 

I ended up hiring a paid coach and I highly recommend you do that. A coaching plan and mastermind will give you opportunities to partner with people, learn a lot and accelerate your investment program. I just spoke with Kevin today at the Active Duty Passive Income Podcast. He was telling me that they have a program for people who want to do exactly what you are doing. They put together cohorts of a dozen or so investors, most of them from the military, and they learn together, grow together and do deals together. I highly recommend you check this out. Good luck and happy investing!