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Updated over 7 years ago on . Most recent reply

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Antoine Flack
  • Fayetteville, NC
0
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HELP ME PLEASE PLENTY TIME

Antoine Flack
  • Fayetteville, NC
Posted
Good day I hope this message finds you well! I'm a US ARMY RANGER VETERAN, whom just went through a divorce ..stuck at a crossroads 29 years old 2 kids I receive disability every month but want that money working for me, I will be reading you guys and gals post taking notes and understanding different licenses I need. What brought me to this sight was the topic of Grant Cardone.. how his business models deferred new investors with no money down techniques. NMD techniques will be the way I start and I hope you guys can provide me with insight and mistakes that were made and issues you've had so I won't make the same decisions.. I just want to get it right. Still building credit that was messed up during my marriage and I still have my GI BILL ..and apartment homes is how I look to create income for myself. So guys if you have any tips and leads any information to send me to point in the right decision I would be greatly appreciative!!

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David Dachtera
  • Rental Property Investor
  • Rockford, IL
2,990
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4,609
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David Dachtera
  • Rental Property Investor
  • Rockford, IL
Replied

@Antoine Flack,

I'm the contrarian here, as most folks know.

In your position, your existing financial resources - VA loan eligibility, disability income - are exactly what you need to support your family, both now and in the future.

Alex mentioned house-hacking. That is, use your VA loan to buy up to a four-unit, live in one unit and rent out the others. That gets you over the first major hurdle: housing for yourself and your loved ones.

It also gets you income beyond your existing sources. This is how you build.

Rather than being held back by the scarcity mentality reflected in another post,  use what you DO have now to its best advantage. You cannot "save" from income you're not getting. Invest for income and use THAT to advance your financial and future goals!

My $0.02 ...

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