San Clemente, CA · Member since 2017 · 1 post · 0 votes
First time posting on BP. I'm getting out of the military soon and am thinking about using the VA loan to purchase my first home (to live in). However, I am also very interested in investing in rental properties for the purpose of building some wealth for the long term. Is using the the VA loan for a personal home in the immediate future a mistake? Is there a better way to integrate the purchase of a home for myself into an overall rental properties plan?
I'm not even sure if I'm asking the right questions, so I'm open to any and all advice. Thanks!
Have you considered creating an entity to best protect yourself in the case of a default? If you are new to the RE investing "scene" I would suggest going to local meetings or listen to podcasts to best prepare yourself and avoid the worst case scenario. Also, even if you are not actually interested in using a private money lender now they have people who would gladly answer your questions in hopes that you consider using them in the future. Best of luck!