What options do I have for buying a property?

3 Replies

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?

Here are just a few choices you have for financing or controlling property.

Joint Venture

Hard Money

Private lenders

VA loan



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

2) Craigslist

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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