All Forum Posts by: Daniel Dealmeida

Well, you've eliminated just one asset class now that you know you don't want to house hack, so try thinking of the others! 

I know it's generic, but it really depends on what YOU want to do. Do you have money put aside to get a traditional loan on a property? Try the BRRRR method of investing, short term rentals.

Those are just a couple very obvious options as well. Send me a DM if you want to talk more about some options you might have, i'm in a similar boat with my primary right now! 

Good afternoon BP Forums! 

My wife & I are both U.S military veterans with access to the VA loan. I used my VA loan to purchase our primary residence for $240,000 back in 2020. Now that we've spent about the last 12 months studying & working up the courage to dive into real estate investing, we come to the BP forums for more guidance lol!

I would like to know if anyone knows if we could buy another primary using my wife's VA Loan & rent our current single family home, then just repeat the process yearly (alternating) to grow our portfolio? 

Our market is getting quite competitive (Savannah, GA / Lowcountry, SC) so we've also thought of tapping into the equity in our primary (~$90,000) to expand into this world of REI.

Sincerely, 

- analysis paralysis rookie looking to fly!   Thanks y'all!

Hi Shane! My current primary residence was also inherited, although there was no 50/50 split. 

I will say there are plenty of options you could potentially use, but it ultimately depends what your end goal is.

Do you absolutely want to keep this property? 

Is there equity in the property? (Potential to cash out refinance & negotiate with your fathers partner) 

Send me a dm & i'd love to talk a little more about other exit strategies! 

Congrats man! Been analyzing at least 1 potential BRRRR per day to hopefully start my journey too! I'll be following to see you continue to grow

Quote from @Hamp Lee III:

Welcome to the BP forums!

I’m active duty Air Force.

I started with my VA loan. I have three homes with my VA loan now.

It’s a great way to start small and slowly build momentum. Real estate investing is a long game.

I wish you all the best as you get started. Hit me up if you have questions.

Thank you kindly, sir! My primary residence was purchased with my VA loan & thankfully my wife is also a veteran! I will most certainly be reaching out with questions, thank you!

Quote from @Account Closed:

Quote from @Daniel Dealmeida:

Good morning, afternoon, evening y'all! I am Danny a 23 year old Marine corps veteran with a beautiful wife! After now 200 episodes of the "Real estate Rookie" podcast, I'm finally taking the action needed to begin my investing journey! That "Switch" has flipped in our heads! Thankfully we've been saving & our primary residence is sitting on a wealth of equity. 

I'm looking forward to learning & networking with mind far greater than my own, all while still providing value in my own regard! Cheers BiggerPockets community! 

It says you are in Savannah, a beautiful downtown. Reminds me of what New Orleans once was. Welcome.

Now that you've decided to start, will it be single family residences, townhouses, commercial, storage, land, building, fix & flip, rentals or  . . . ?

I love the entire area, I'm originally from Boston, MA but its been awhile since I lived there.

The market I'm in has a 3 military bases near by so I plan to focus on single family properties by BRRRR method (kind of, we want to leave the equity in the property). 

I've not yet been to New Orleans, but hoping by the end of the real estate journey I'll have the freedom to do so! Thank you for reaching out.

Good morning, afternoon, evening y'all! I am Danny a 23 year old Marine corps veteran with a beautiful wife! After now 200 episodes of the "Real estate Rookie" podcast, I'm finally taking the action needed to begin my investing journey! That "Switch" has flipped in our heads! Thankfully we've been saving & our primary residence is sitting on a wealth of equity. 

I'm looking forward to learning & networking with mind far greater than my own, all while still providing value in my own regard! Cheers BiggerPockets community!