Looking to Get Starmed in Georgia

[William McGregor]

Hello! I've been lurking over the forum for the past few weeks and have been listening to dozens and dozens of podcasts.  Real estate is extremely exciting and I've been putting together a plan to get started myself.

I'm trying to find a niche to focus on in anywhere north of Atlanta in Georgia.  I am thinking of looking into college rentals. Any other suggestions would be great!

Im hoping a few of you could give advice into my financial situation. My primary residence has a VA loan on it. It will appraise around 250k and I owe 195k. Do you all think it'd be a smart idea to cash out refinance on my house so I could fund real estate purchases?

Thank you all for your help. I'm excited to be a part of this community and hopefully help some others after I make a deal or two.

[Kenneth Mooney]

William McGregor I think it all depends on what you are trying to accomplish.

Refinancing your house and doing the same for all of your properties is very high leverage. If you're okay with that, manage your properties correctly, and want to move quickly then you could do this route.

Others would prefer to have homes payed off.

It sounds like you're trying to get the capital to start investing? Is that correct?