Updated over 8 years ago on . Most recent reply
New Investor Seeking Guidance
Hello, I'm new to real estate investing and gathering information to ensure I make wise decisions. I recently joined the military (Air National Guard) and have used my 7 months away for training as an opportunity to rent my former primary residence out and turn that into an investment property full time. I've looked at different options for my next venture and I believe the BRRRR strategy would be my best option. I can afford approximately 20% down on a typical property where I'm from but may be able to use programs that require less down. Ideally I would want to purchase a new Primary residence when I return from training in a few months and invest in a property to begin BRRRR a few months after that. I'm not sure how feasible this is or what to do to maximize my odds of securing bank financing for both properties. Any tips or guidance for how to proceed would be much appreciated!