Purchasing my 3rd property

[Joshua Field]

Hello all, beginner here,

My main question here is that I am looking to buy my 3rd property, what would be my best option??

I currently have 2 homes that are being rented out for positive cash flow. Both homes are on a 30 year VA loan. No down payment was needed so the loan is 100%. My main goal is to create more cash flow.

If a loan is an option for the next property then a down payment would most likely be required as I've used all my VA benefits with the previous 2 properties.

I don’t have much saved up so something like a flip wouldn’t be the best option.

Should I continue with loans? Or are there other options that best suit me?

Thanks in advance.

Josh

[Kevin Hunter]

@Joshua Field, one more point.  Where in the world can you get a loan for a several hundred thousand dollar purchase for 3 or 4 percent interest, then turn around and allow someone to pay the interest, the principal, the maintenance, the everything (i.e. a tenant), and then 30 years later (or 15, 0r 10 or 5) you own the asset free and clear?  Leverage is a necessary evil (and these days not evil at 3.25%), and I will use leverage forever.  The bank is giving me the means to become wealthy.  There is risk of course, and again I am simplifying this, but it still amazes me that a bank will give me the money to make this happen.