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Updated almost 10 years ago on . Most recent reply

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David Marron
  • Investor
  • Stafford, TX
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What options do I have for buying a property?

David Marron
  • Investor
  • Stafford, TX
Posted

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?

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Dean Ravenscroft
  • Mankato, MN
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Dean Ravenscroft
  • Mankato, MN
Replied

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.

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