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Updated over 2 years ago,

User Stats

6
Posts
1
Votes
Andrew Perry
1
Votes |
6
Posts

Trying to Buy a House in Norfolk, VA to Turn into a Rental

Andrew Perry
Posted

Hi, my name is Andrew I'm very new to real estate investing but I have high goals and aspirations. I am currently serving active duty military and will be stationed in Norfolk, VA. My friend and I would like to buy a house using the VA loan so we can do zero down and immediately look into buying our second house. We are going for single family homes or townhouses for other renters in the Norfolk area. My cap price is around 500,000 which I know is high but that's why it's the cap. I don't have a lot of capital but my friend does and he wants access to the VA loan and that's where I come in. We are looking to start an LLC for all houses we buy because eventually we want to make a business out of this. I'm mainly looking for assistance from realtors to give me options in the area as well as other seasoned investors who can help show me how to turn a few homes into a real estate empire. All the advice I can get will be great.

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