Investor · Stafford, TX · Member since 2015 · 2 posts · 0 votes
Hello everyone,
I want to get started in REI, but my debt to income is too high. I have excellent credit and access to my VA loan, so I don't have to put any money down. Does anyone have advice on what I can do to get started?
Mankato, MN · Member since 2014 · 7 posts · 1 vote
11y
David I'am in the same boat as you, Im also a veteren and have looked into a VA loan myself. If you qualify its a great way to start out in REI. The thing is with a VA loan is that you have to live in the dwelling you purchase for atleast two years. What other investors on here have suggested to me is to buy a duplex and rent out one side. Your tenants will cover your mortgage and you should still be able to clear a profit.
Mankato, MN · Member since 2014 · 7 posts · 1 vote
11y
David I'am in the same boat as you, Im also a veteren and have looked into a VA loan myself. If you qualify its a great way to start out in REI. The thing is with a VA loan is that you have to live in the dwelling you purchase for atleast two years. What other investors on here have suggested to me is to buy a duplex and rent out one side. Your tenants will cover your mortgage and you should still be able to clear a profit.