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JORGE RIVERA
  • Real Estate Agent
  • Miami, FL
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Need help on managing this situation.

JORGE RIVERA
  • Real Estate Agent
  • Miami, FL
Posted Feb 8 2016, 15:08

Hi BP family,

I have a situation that I would like some opinions on. I am starting out as an investor this year and I want to get into flipping. I'm a little strapped for cash, but now I just found out that I can get what is called a second tier VA loan. Which will only be about $154,000. I currently have a VA loan on my house. I wouldn't mind starting off with a cash flowing property to get my feet wet, then sell it afterwards, so I can start accumulating some cash for flipping. Any suggestions with this type of situation? Any strategic moves I can make to make a profitable outcome? I have a year to use my funds

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