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Updated about 8 years ago, 11/19/2016
Live and flip advice:
Hi,
I'm am going to be stationed somewhere in the US in about 10 months. I will have a limited amount of time to find a house to live. I will be there for about 14 months.
Plan of action: As a first time home buyer and it being my first real estate investment. I plan on buying a decent 3 bedroom, 2 bathroom house with medium amount of work to be done using my VA loan (if I'm able too because I don't have any credit at the moment), that me and my wife will live in. Using 1 bedroom and 1 bedroom, and fix up the other 2 bedrooms and 1 bathroom. Then move too one of the other bedrooms and use the other bathroom.
I have a few questions on what strategy I should use:
1. Say I have to find a place to stay in 30 days, should I find a cheap apartment to rent to give more time to look for a good deal? I don't want to rush finding a good deal.
2. Does that sound like a good plan?
3. Finding a property that fits this description, should I use a real estate investor? Or is there a different route?
4. Any other things to consider, think about, and or plan for?