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Updated about 4 years ago,
Fork in the ROAD, LEFT or RIGHT
Hey BP,
Hey all Pros/Beginners, I'm Andrei and I would like to spill my current situation to you all with hopes of directions or ideas on how to proceed. I'm currently active duty military but I always like to plan for the future or the after 20 years of service scenario. I currently own two homes with my VA loan rights and live in one.
The fork in the road is that I currently have retired military family renting out one home with $355 cash flow after expenses are paid but I want to buy another home to increase my passive income to of course purchase another home. This won't be as easy this time as I will need the standard 20% down for an investment property. My current house is being House Hacked of sorts with a family member paying a small portion of rent.
I'm bone dry on funds and I know hard money lenders or raise funds but I am unexperienced as is but I continue to read, read and read to learn but I think I'm now in the "over thinking" phase of my learning experience. I think I've failed at finding the perfect contractors and real estate agents as I've changed 4 or 5 times now because unresponsive or just don't seem interested in helping me stay informed on deals with potential to a real estate investor.
Point me in the direction and I will listen/learn as best I can.
Happy holidays to you all and stay safe!
V/R
Andrei