First post here, but I've been lurking for about a year soaking up as much knowledge as possible. Still, brand new to REI :)
My name is N. I'm 30 years old. I'm a U.S. Army Veteran (19D Cavalry Scout). I have a worthless associates degree in business admin, although I attended college later in life so it wasn't a booze fest and I actually retained the bulk of what I learned. I have no kids. I'm single. 0 debt. I currently live with my mother and pay $0 in rent. I take home roughly $700 a week and have roughly $25,000 saved. I have the VA home loan to use. My credit is not outstanding but it's steadily rising. Hovering around 630's at the moment.
I'm looking to house hack a 4 unit and BRRRR. I was wondering if anyone had any tips, suggestions, or otherwise useful info I could apply towards my goals.
Welcome to BP, and congratulations on making the decision to invest in your future via real estate.
I have written a few blog posts that may help you get started here on BP, and with your investing. Please click on the links, give them a read, and share your thoughts in the comments.
First is a post that I feel will help not get overwhelmed with the amount of info that is here on BP:
Rental Property Investor · Harker Heights, TX · Member since 2018 · 212 posts · 182 votes
8y
Scouts out! Welcome to the forums. There are a bunch of vets and active duty here plus plenty of others with no service connection who will gladly share their knowledge and experience.
You’ll definitely have some options as you begin investing. Where (city and state) are you looking to make your first purchase?
Real Estate Agent · Allentown, PA · Member since 2016 · 197 posts · 181 votes
8y
Welcome! Infantry here, got out after 8 years to pursue real estate full time. Ask me about my Fort Polk rental portfolio sometime... learned a lot of lessons on that one!
Insurance Broker and Real Estate Investor · Lehigh Valley, PA · Member since 2014 · 229 posts · 73 votes
8y
Former Navy. Never got a degree and still wondering if I should use my Post 911 GI Bill to finish one. Things are busy with kids, business and life in general. Got a few more years before it expires. Welcome to BP and I am in the Lehigh Valley. Maybe we will see each other in one of the real estate investor meetings. Good luck.
Real Estate Agent · CA · Member since 2016 · 47 posts · 18 votes
8y
Hey Nicholas welcome to BP I'm an 8 yr Marine Corps Veteran turned RE Agent DRE #01969244 - If you are trying to get a multi-unit there are certain financial criteria you'll have to meet using the VA Loan option. Best to talk to a VA Home Loan Lending Expert in your area, but other than that you seem to have your S%$+ together.
thank you everyone for your replies, and it’s great to informally meet you all.
I got my realtor sending me a 4unit drip from my target area. He claims I'll see them a couple days before I hit the MLS. He's a record breaking agent in my area and a good friend so I trust him.
I have an appoIntment tomorrow morning with an expert VA lender to get the financials set in place. I already have my VA certificate of eligibility which is half the battle.
Rental Property Investor · Carlisle, PA · Member since 2013 · 1k+ posts · 543 votes
8y
@Nicholas Massari, current Marine here. Tons of options out there and lots of current active duty and vets on this site. Let us know what we can do to help. Semper Fi!
Welcome to BP, and congratulations on making the decision to invest in your future via real estate.
I have written a few blog posts that may help you get started here on BP, and with your investing. Please click on the links, give them a read, and share your thoughts in the comments.
First is a post that I feel will help not get overwhelmed with the amount of info that is here on BP: