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Updated almost 4 years ago on . Most recent reply
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Where do I start? (Active Duty Military)
Hello all,
Active duty Air Force here. I'm stationed in Eglin, FL. I am looking for advice on how to get started with real estate investing. I recently used my VA loan to purchase a home which is going up in value as planned. I am working on my real estate license in my free time and networking where possible. My long-term goal is to exit the service with enough passive income from rentals to go in full time with a scalable business model which I would then hire out to have more free time to pursue other endeavors. I don't have loads of cash saved up for down payments, repairs, vacancy time, etc. at the moment. My question is, for those of you with experience or have been in a similar position, where do I go form here?
Thank you in advance!
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I would think its a good idea to continue to educate yourself. Listen to different strategies of other investors on how they bought their rental properties. You'll be surprise! There's a lot of different unique ways. Biggerpockets podcasts is a good source. You'll learn a lot. You need to figure out where you want to focus on, do you want to buy and hold SFH, multifamily, commercial, or flip? and which market or area? Learn more about that market. By doing that, you would know how much money you need for the down payment.
Continue networking and pursue to get your realestate license! That will help you in many ways!
Hope this helps... Goodluck!