My name is Brandon and I am an Active Duty Officer in the Army. The idea of real estate investing is incredibly appealing to me. I am just getting started in this and want to do all of my research beforehand. I don't have a significant amount of money saved to outright BRRRR a home in the Ft. Bragg area. However, I want to maximize a passive income and one day building an apartment complex. Short of getting a line of credit how do I go about financing my first investment property? The idea of a line of credit seems a little daunting and, in my mind, would cut into any profit I may receive. I am very open to any advice you all may have!
Thanks for your service!
Since you're looking to do BRRR, you should consider looking into FHA financing which allows for as little as 3% down-payment. You may be further ahead than you think!