Updated over 12 years ago on . Most recent reply
My plan for Startup in business
I have a plan to start in business, but I need your opinion. First, this is my status, I owned a single-unit with almost 40k of equity, 20k in savings accounts and 12k in TSP ( military retirement plan) and 6k in mutual funds. The plan is, to buy a single-unit to live using VA benefits to financing, then I will rent the first property to get some income. Then I can buy another cheap single-unit using my savings also I will use the equity as HELOC or Equity Loan to fix it or make a TSP loan for that purpose. At that time I can have couple of options for that property, I can hold it for rent it, sell it to get some money of it, or make a long term loan using the property as a collateral to invest in other properties. Any advice or opinion would be appreciated.