Updated about 6 years ago on . Most recent reply
New Investor still in the Military
Hello all, I'm looking to get into real estate. Investing and owning, I'm still currently in the military and have yet to use my VA loan, any advice on how to start generating passive income, thank you in advance
Most Popular Reply
Welcome @Kenneth Grant!
I'm active duty as well. If I could go back and start investing earlier in my journey I would have used my VA to purchase a duplex or fourplex and lived in one unit and rented the rest. If you are without kids, this is a fantastic way to get a jump start in real estate. I have two friends who just did this and are living for free.
My wife and I buy apartments in the midwest. If that’s something you’re interested in, I’d be happy to point you to resources and networks.
Another thing to consider, especially if you are short on cash, could be getting your real estate license for sales. There are benefits for military and spouses in most states and transferability. I just got mine in Florida, and paid no application fee. I’m joining a web-based brokerage so that I can casually do a sale a month or so to raise funds for the next apartment purchase. If that’s something you’re interested in, let’s chat!
Best of luck!
- Charlie Cameron
