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Updated over 5 years ago,
Newbie from Brick, New Jersey (Ocean County)
Hello, Everyone. I'm Frank and I've been following BiggerPockets (BP) for a couple months (mainly YouTube), so I figured it was time to take the plunge and figure out where I want this to go.
I'm 40 years old and I've been in the Army for 20+ years. I'm married with 3 children (1yo, 2yo, and 12yo).
Ideally, we'll be making our first home purchase after December 2019. Currently, we rent for $1,425/m. We will most likely use my VA Loan for the purchase, but I'm not sure if this is the best route if we want this to be an investment.
I have two main concerns about buying a property:
1. Am I getting it at the best possible time/price? (I understand it is nearly impossible to time the market)
2. Can I successfully choose the right location? I would like for the property to be as liquid as possible, which I assume means buying in an area that has high "re-sellability".
If anyone has experience using the VA loan, I would like to hear it, as well as what investment strategies you used.
I look forward to my time here on BP and getting to know all of you current and future investors!
-Frank Ortiz