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Updated almost 8 years ago on . Most recent reply
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New from Temple, TX area
Hey everyone! I'm new on BP from Temple, TX. I bought my first house last May, which is currently my primary residence. I grew up with my dad contracting on the side so I've "helped" my parents with 5 different remodeling projects up until this point in my life, so I do enjoy remodeling/rehabbing and making something better than when I came across it. I hadn't really considered real estate investing until this past December when I started working on my Real Estate License and found that I really enjoy it. Since I've started learning more about the investing side of real estate I've found that I enjoy that as well and want to learn even more.
I used my VA home loan benefit to purchase my house, and will definitely be checking out the military investing board here on BP in the near future (like, later today). I'm wondering right now if I should try to use my VA loan for a second property or just go the BRRRR route and refinance to a conventional loan cashing out the equity I've got in it with all the remodeling/improvements I've done (or combine both of those routes?). I'm moving in with a friend in the Dallas-Fort Worth, TX area around October time-frame so I'll be renting out my house at the very least, but working on learning enough to have acquired a second property by then. There's so much I don't know, but it's awesome.
Right now my real estate goals are just to supplement my current income, but in the next 2-5 years I'd like to be able to use real estate investing as my full time income. Thanks for reading this far, I'm just trying to be as short but detailed as possible about my current situation.