Sure, some wealth is created by saving taxes... but building wealth is priority #1.

I bought my first investment property in Cleveland just about a year ago... more specifically, in Clark-Fulton, which recently had and is still having money pouring in.

I think first off what kind of money is involved here..  1 acre prime commercial worth 500k or 1 acre of high AZ desert worth 10k..

My realtor linked me up with a lender and we applied for the VA loan for a 0 money down loan and we got into it for 3.875 APR, 30 year fixed for a total of $242, 548.

Once I have a portfolio I'm happy with, I'd look into private money lending.

Probably we will lose money when we sell.. 

@Joseph Turano Looks like a great deal and good use of low money down!

Therefore, since this loan will end up sitting on the lender's balance sheet, you should be prepared to pay an interest rate that would make sense for that lender to have their money tied up without earning the additional income they would earn from selling their loans at a premium on the secondary market and being able to re-lend and keep flipping the money. 

I live in East Idaho but do Hard Money in the magic valley as well.

My plan will be to purchase a vacant land with cash and finance the home build through a private money loan.