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Walter Skinner
  • Virginia Beach
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Deciding on best route for investing

Walter Skinner
  • Virginia Beach
Posted

Good Morning everyone my name is Walter, Im new to the world of real estate investing. I have one property under my belt and in processing of finding a renter in California. I have currently moved to Virginia. I would like to get another property. The safest and easiest way I see is to use my VA loan to occupy a property for at least a year, fix up and put on the market. My issue is that I want stability for my family and my daughters school is only 2 min away and don't want to keep moving. I was thinking about going the HELOC route to use towards an investment property for the down payment. Just looking for any advice on the situation. Thank you for listening!

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Jules Aton#2 Market Trends & Data Contributor
  • MD/DC
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Jules Aton#2 Market Trends & Data Contributor
  • MD/DC
Replied

When there are kids involved it reduces options. If you don't want to move your family it sounds like that is your answer. 

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