Househacking after college with twin brother, both military!

[Mason Griffin]

Hey everyone! My twin brother and I will be graduating with bachelors degrees in finance this December from the University of Wisconsin Whitewater. Both of us are in the army national guard, so only about $15,000 in debt to take care of. I am currently doing a construction estimating internship in Milwaukee Wi. My brother and I want to get into real estate investing for passive income, and we're thinking about starting off with a duplex in a year or two after saving some money, that we can live in and rent other unit(s). We also want to look into using our VA loan for this, potentially doing a dual mortgage. Is this a smart plan? and does anyone have some advice on what we could do to get into the real estate investing world in a better way, right out of college with limited cash? We are both motivated, but seems like there are too many options to choose from, I feel like storage for boats/cars/RV's is my end game, so I can spend my days fishing lol!

[Marcus Auerbach]

Quote from @Mason Griffin:

Hey everyone! My twin brother and I will be graduating with bachelors degrees in finance this December from the University of Wisconsin Whitewater. Both of us are in the army national guard, so only about $15,000 in debt to take care of. I am currently doing a construction estimating internship in Milwaukee Wi. My brother and I want to get into real estate investing for passive income, and we're thinking about starting off with a duplex in a year or two after saving some money, that we can live in and rent other unit(s). We also want to look into using our VA loan for this, potentially doing a dual mortgage. Is this a smart plan? and does anyone have some advice on what we could do to get into the real estate investing world in a better way, right out of college with limited cash? We are both motivated, but seems like there are too many options to choose from, I feel like storage for boats/cars/RV's is my end game, so I can spend my days fishing lol!

Financially speaking house hacking with a duplex in Milwaukee is a no-brainer. That's the reason why despite 66,000 duplxes, there are barely any on the market (about 120 listings currently excluding the hood) - the reason is simple, you are basically an idiot if you are selling your duplex when you buy another house. You already know how to manage and rent it, might as well keep it and enjoy the cash flow. It is also a low-risk way to learn all the principles of real estate investing with very limited risk, gain experience with evaluating, buying, repairing, renting and managing a property.