All Forum Posts by: Brock Fica

Hello,

I have been jumping around in the Colorado Springs real estate market, looking at both single-family and multi-family homes to begin my real estate career. However, since I am not married, the military does not pay me enough money to buy any homes in the area. The only places I can afford are townhomes, condos, and apartments. None of these options are what I initially had in mind to begin investing in real estate. However, I am not wholly imposed on investing in any of these types of properties. Ideally, I would like to buy a home. Unfortunately, the only options I can think of to bring more income to the table are finding a potential co-borrower or finding a second job, a "side hustle," or a job I can work on the weekends. What other options are there to increase the amount of approval money on the VA loan? Would considering purchasing in a cheaper market be a good idea? I always hear people saying, "I wish I would have started investing in real estate earlier," so I am trying to find the path of investment that provides the least resistance. Not necessarily to make money quick, I feel it is crucial for me to at least get my foot in the door of real estate investing.

Thank you,

Brock Fica

@Stuart Grazier, thank you so much for the advice! I had thought about using my VA loan to do a house hack but had never thought about doing a house hack on a larger scale, such as a quadplex. But, I will look into it!

Thank you,

Brock Fica

Hello, Bigger Pockets community! My name is Brock Fica, I am 20 years old, and I am in the United States Army. I have been in the Army for two years and am currently looking at transferring to the Space Force, so I very well could be moving around. So far, the only experience I have in the real estate business is reading different web pages online, listening to the bigger pockets podcast, and helping my friend flip his house, so I am brand new.  I am super interested and excited to begin investing in real estate. However, everything in the area is so expensive right now my gut is telling me that it is a bad idea, but obviously, I am brand new to the industry, so I am looking for advice and tips on getting started. I do not currently own a unit for a primary residence or investing because the Army provides me with housing. Therefore, all of my money can go toward investment properties for multifamily homes or single-family homes. My current goals in real estate are going to school for my real estate agent license, reading as many books as possible, and saving up to buy my first property. I want to own hundreds of properties I can call my own to rent out for cash flow in the long term. I absolutely cannot wait to get my foot in the door of real estate, and I think this is absolutely the best place to start.

Thank you,

Brock Fica