Veteran/Real Estate Agent (First Post)

[Michael Malzacher]

Hi All,

I have been reading a lot of information on this website the last couple of days and I wanted to introduce myself.  My name is Mike and I'm an Army Veteran who recently got his Real Estate license.  I'm with a broker but have been too occupied to dive in until recently (Covid).

I'm currently a teacher doing online classes at home and have a lot of extra time. I want to transfer fulltime into Real Estate investing. I'm not completely interested in buying and selling homes for people but moreso for myself and family. I want to buy, renovate, refinance, and rent homes. I got my REL because I figured it would give me flexibility, personal access to the MLS, but also collect commission when I purchase for myself or for family members. I also want to be the go to person for veterans when they're using their VA Loan.

I've been renting (wasting money) the past five years and I'm over it. I want to purchase my first home with my VA loan, fix it up, refinance into a traditional loan, and eventually rent it out.

I also feel that I might be able to find more good deals given our situation with Covid.  Although many people are struggling I feel like i'm in a good position: Veteran, Agent, Bi-weekly Salary until August.

If you were in my position how would you go about making the change from your salary job to fulltime Real Estate investing? 

Or am I stupid for thinking this is possible?

Any advice would be greatly appreciated.

Thank you for your time!

Mike