All Forum Posts by: Derek Sym

Hello.

I am looking at buying a multiplex to live in and rent out.  I'm seeing a lot of reasonable prices in the Rincon area and I'm ready to make the leap within the year.  Kira, I see that you have a portfolio started down there. Would you perhaps have any warnings or advice for me? 

Thanks,

Derek

First of all, first time poster. I just want that first post award!

Secondly, thanks for reading this!

Here is what I'm looking at:
- As an Army Vet I have the VA loan to use. I would like to buy a 4 unit multifamily and househack. Once I have the multifamily, I will expand into multiple rentals. I would like to try out vacation rentals as well.
- I have about 40k split between a Roth IRA and a 401k. I need to start a business, so that I can roll that money into my business. That money could be used for rehabbing, contracting, unforeseen costs

I'm obviously still heavy in the dreaming phase. I sense a layoff coming at work and when it happens I want to jump into this headlong.

I've read some stories with people starting out with less than what I have. So I just want to ask, where should I start?

Derek