All Forum Posts by: Phillip Moreno

@David Pere My goal is to have a few long term rental properties under my belt by the time Im eligible for retirement (4-6yrs). Then when I retire from the service, be able to expand and do this as my second career. 

@Dan H. that is a really good point. Taking that into consideration, I will shop around and look for the best deal. Thank you.

@Kerry Baird that is a great guru course. I think Im going to look more into the IRRRL, but am really interested in the HELOC method. Thank you for your response.

@Donald E Appleberry Thank you very much for your insight. I will look more into this option and see what works best for me and my family. Again greatly appreciated.  

Hello! I’m pretty green in the investment game but am eager to get started and excited for financial freedom. A little about me, I’m currently active duty in the Navy (16 years) and am stationed in San Diego. Goal is to one day retire from the service and have a few properties already under my belt (fingers crossed by the end of 2020) to jumpstart a second career. I have a wonderful wife and two toddlers. Having financial freedom would mean family vacations and spending time with my loved ones! Cheers!

Hello everyone. I'm 4 years from being able to retire from the military and dont want to work in gov contracting the rest of my life. I used the VA loan for my first home in San Diego and have 200k in equity that I would like to use that to get my feet wet in a rental property.

Going forward, should I use a HELOC or traditional financing method for my first rental property? I want to be as prepared as possible so every angle pros and cons would be greatly appreciated.