Homeowner · Modesto, CA · Member since 2024 · 2 posts · 1 vote
I'm looking into investing in some rental properties, no more then 4 units or a single family home. I am prior Air Force currently using my VA loan for my current home. I am 2 and a half years into a 5 year electrical apprenticeship program. I work full time and my fiancé is a full-time student set to graduate in June, we have two kids and time isn't really something we have a lot of to spare. I have some equity on my house and a partner with capital to invest with me. We don't want to move from our current home at the moment. I'm just looking to invest into a rental property and want to maximize the time we have available without putting to much on our plate and don't know where to begin.
Hi, Leo. If you don't plan to move out of your current home and you have equity, then it looks like maybe using a HELOC as funds for your next purchase could be a likely way to move forward, but it all depends on the details. Ellis' idea to join a REA near you is a great idea. Happy to be a resource if needed.