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Updated about 9 years ago on . Most recent reply

Where to start?
Most Popular Reply

We're stationed at Patrick, and with a similar mindset about renting. Over our years in service (I did ten and hubs is at 23) we have purchased 19 properties on our own and 10 with a partner. We've done fixers, pure flips (wholesale), sold on lease option, bought subject to the existing financing, probate, bank owned...the whole enchilada. A number of the buy-and-holds we did while stationed at Mildenhall. Creativity is the name of the game, in my opinion.
With some experience and a smaller amount of cash available, you might start with direct mail. Do a search here on that topic, on listsource, and yellow letters. I use Evernote and copy helpful posts there. So, types of deals that you can start out with: another owner occupied house after you have lived in your current for at least a year. Owner finance. Rent to own or owner carry deals. Lease option, with a sublet to a tenant.
I also suggest you find a meetup so you can network with local investors, lenders, Realtors, wholesalers and rehabbers. Most importantly, see houses and talk to sellers!