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Updated about 7 years ago,
Allow me to reintroduce myself
Good Evening BP,
I would like to reintroduce myself. I was an active member of BP years ago but my dreams of being a buy and hold investor were put on hold when I was burned in a business investment once I got out of the Navy.
I have mostly recovered. I am back on the pockets and hope to buy my first multi-family investment in the next couple of months. I have access to about 40k in capital, I make a decent money (relatively speaking), I live in Indianapolis and hope to invest in my market or Louisville or Cincinnati.
I just tied up my VA loan in July. I am currently house hacking this by renting bed rooms but can rent it out completely to house hack. My mortgage broker tells me that I need to wait about a year before I can re use my VA loan. My plan is to buy a property conventionally this year and to house hack a multi family after July.
My goal is to invest in units that are C-class. Typically 500-600 a month and average around 30k or less per door.
Interested in deals, networking, advice, etc..