Kind of stuck, suggestions please.
So I have run out of houses to look at on the MLS/Trulia/Zillow etc. So I feel kind of stuck. I have listened to a lot of the podcasts and read a lot of books so I know about the other sources of getting leads but I have a VA loan to use to buy my first property so there are some pretty specific restrictions with that .I'm using the VA loan because I have no money for a downpayment so FHA and conventional loans aren't an option. I can't do a direct mail campaign because I have no cash and I can't do the auction thing because of the same problem, so I'm just kind of wondering what some of my other options are. I have checked craigslist and facebook marketplace. I don't have a network yet but I am working on building that so I am very open to any suggestions, please.
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Hey Skyler,
You stated you've ran out of houses, have you looked at multifamily? Because you could house hack a multifamily property and probably get the most bang for your buck utilizing a VA loan. And if you aren't looking at multifamily how are you using a VA loan to secure a investment property, I thought VA loans had to be used on a primary residence?
As far as your other options; creative financing. You could partner with someone, use Hard Money or Private Money, or owner financing among other things. By utilizing a few of these you could open yourself up to auctions, direct mail, etc.
Thank you for your service.
Best,
Derek