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Updated over 5 years ago on . Most recent reply

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Justin Pisarcik
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Suggestions on Next steps for REI

Justin Pisarcik
Posted

I currently live in Alexandria, VA in a 2 bd 2 bt condo. I'm looking to kick start REI but unsure on the direction I should go. I currently have ~$13k in condo equity. I am a military veteran so I know I have the VA loan to my benefit. With that comes the caveat of living in the next residency I purchase for at least a year. Originally I thought about upgrading to a townhome but financially I can't afford it with the steep HOA fees associated with many. I've considered the BRRRR approach but am hesitant since I do not have much money to play with when it comes to renovations. Any suggestions or recommendations on the direction I should take would be greatly appreciated!

Thank you!

Justin

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Eric Upchurch
  • Investor
  • Sacramento, CA
53
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Eric Upchurch
  • Investor
  • Sacramento, CA
Replied

A lot of it is going to depend on your situation and goals. Are you married with kids? Single, no kids? What are your goals? BRRRR style buy and hold? Passive investments? Or the best option, IMO, the Military House Hack. Glad to discuss with you (fellow Veteran investor).

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