Aspiring to purchase first rental property!
Where to start...lol.
We'll first I'm pretty pumped I found BiggerPockets because I can tell how useful it really is. I'm an aspiring real estate investor. I currently own a house that's financed through a VA loan... I'm Active Duty military and I'm ready to grind to find my first rental property. BUT I keep getting stumped trying to figure out how I'm going to find a 20-25% down payment for that ‘said' rental property. I've considered maybe a HELOC? But I'm unsure if that's a good way to produce a down payment. I'm just stuck. I could bring a little money to the table and I'm willing to take risks. I'm highly motivated. I think about this stuff all day 😅. I'm just stuck on the best ways to go about getting it done. Especially because I already hold a mortgage over my head. I currently am living in Okaloosa County, FL and this is a great market out here!! I know I can capitalize on it. Just need some suggestions. Thank y'all!!🇺🇸
Most Popular Reply
Thanks, @Jayson Bell, for the reminder! I need to get that thing scheduled. I'll have a solid date for our December meetup soon enough!
@Tyler Murphy - Like Jayson said, feel free to join my BP meetup and the PIG meetup. @Matt Robinson does a fantastic job at educating and bringing people together. I can't say enough great things about PIG!