New Member Introductions
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback
Updated almost 11 years ago,
Using my VA benifits to purchase my first property
I'm new to the REI arena and have limited cash available to get this off the ground. I have a regular job with an annual income of ~60K and a credit score of 740 albeit of limited duration.
My plan is to use the VA to finance, perhaps a duplex that will allow me to get my foot in the door to generate capital that will allow me to do it again, twice or thrice in a year or 2, until I have the capability to pay cash for distressed property.
I have d/l'ed all the BP podcasts , purchased the " Book of estimating rehab costs & Book on flipping houses & Inspecting a house by Rex Cauadwell " per suggestions here.
By this time next year I would like to be living the above plan and be well on my way to my 2nd property purchase.
All comments or criticisms are welcome. I appreciate you giving me your time.
Bob