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?
Here are just a few choices you have for financing or controlling property.
Seller Carry Back
Most likely your greatest challenge will be how to find a profitable deal.
Many ideas are well covered on Bigger Pockets:
Here are just a few to get started:
1) Listed property
3) Buy from established wholesalers
4) Network at investor club meetings
5) Direct mail to specific sellers/situations
What do you want to do? Flip, or hold?
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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