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Updated over 10 years ago on . Most recent reply
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Newbie, currently in Afghanistan
Hi everyone, my name is Filip and I'm pretty new to the real estate investing world.
I'm currently in Afghanistan and planning to expand my knowledge on real estate investing while I'm in here, so once I get back from deployment, I can put my saved up money to good use ;) And I hope that BP can help me achieve that!
My goal in real estate investing is to build a long term wealth by buying and renting out properties. I should have about $10,000 to invest once I get back.
The question I have, is that amount enough to start achieving my goal? I was also thinking of using this money to start wholesaling or other forms of dealing that would increase my capital so I can further support my goal. And I want to know in which area should I focus in attaining my knowledge while in here so I know what I'm doing once I get back.
As I mentioned, I'm pretty new to this.. and any form of help and advice would be greatly appreciated :)
And also, if there are any active duty military members or vets that could help me by explaining what advantages I have as a member of the armed forces when in comes to real estate investing, would be greatly appreciated.
Filip Vaco
Most Popular Reply
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@Filip Vaco The VA loan can be used at any time, including while you are STILL IN the military. The one catch with the VA loan is that it needs to be used for your primary residence. I have heard of military members who use this by living in the house while they are renovating. Good luck out there in Afghanistan!