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Updated almost 10 years ago on . Most recent reply

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Shylil Smith
  • Professional
  • Jamaica, NY
2
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17
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Starting out !!

Shylil Smith
  • Professional
  • Jamaica, NY
Posted

Hello all, I am a soon to be veteran out of the army, and I am fascinated with real estate! I've always wanted to be financially free because I've always known the beauty, and power of it, and the benefits. When I finish my military career, I'm building my plan to own a multifamily home (quad hopefully) and start to build wealth through passive income, appreciation, cash flow, and equity. I want specialize in but and holds, mainly for my family to live in many parts of the country comfortably. I also plan to leverage my VA loan. Does anyone have any suggestions on how I should start toward this goal? What are some things I should start working on now? I know credit will be key and I am working on that, I just would like tons of more info. Thanks!

Most Popular Reply

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10,255
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Steve Vaughan#1 Personal Finance Contributor
  • Rental Property Investor
  • East Wenatchee, WA
16,119
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10,255
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Steve Vaughan#1 Personal Finance Contributor
  • Rental Property Investor
  • East Wenatchee, WA
Replied

No, no - $2000 per month in gross rents, not cashflow.  That may only be $100 per door, but to see if it will pencil out, I first make sure it is priced at 100x rent or less.  

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