So I'll try to keep this as short as possible but I would like help trying to correct my REI path.
About two years ago I got into REI with the hopes of being a wholesaler. But I didn't have any capitol, and felt bad about not being able to get buyers for a couple of contracts so I decided to wait until I could do it myself if needed.
Well I forgot about REI until just now. I just closed on my first house, and being honest it's probably a bit much, but in my defense, I bought with the intent of living there and starting a family some day.
Due to some fortunate unfortunate events, I am in a position that I’m sure most people dream about.
I was medically separated from the military after 9 years, and I got a severance check of 66k, and 90% VA disability which total to 1800$ a month. After paying off everything I am left with 43k, and this is after I closed on the house with a VA home loan no money down. I also work in cybersecurity and make mid six figures a year.
I am currently in Fredericksburg VA, and I really want to get into the BRRRR method and have rentals and cash flow. I messed up by not house hacking, but I want to correct my mistakes, and get on the right path while I have the tools to do so. I read and watch podcasts all the time, but at this point, what is the best thing I can do to get myself corrected and on the right path? I am currently looking for multi-family in my area in attempts to practice analyzing deals, and My real estate agent knows my goals and sends me some listings.
Are there any other actions I can take so that I don’t ruin the great position I am in?
Thanks to all who take the time to read this post and thanks in advance for any answers.
Cedric
