New and looking for feedback on entry plan.
Hi I'm Brent,
I am 25 and looking to get into owning rental properties. Starting small and working my up to reach 100+ over the next 20 years. I don't expect it to happen over night but I'm not afraid to say desired goal.
I plan on buying my first property in about 9-12 months. I want to buy a duplex using my VA home loan. Live in one side for a little bit because you can't use the VA loan to buy property purely for investment. Than move out and buy a single family home for my family to live in for a while. And rent out both sides. While using the rental property to pay of both houses and my income from working to save up for future properties.
I plan on using these next 9-12 months to learn the best way to make this happen and how to properly aquire more properties and grow.
I know my plan is vague but any input is welcomed and greatly appreciated. Thanks