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Updated almost 11 years ago,

User Stats

6
Posts
1
Votes
Bob Smith
  • Carpenter
  • Perth Amboy , NJ
1
Votes |
6
Posts

Using my VA benifits to purchase my first property

Bob Smith
  • Carpenter
  • Perth Amboy , NJ
Posted

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

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