Updated 5 months ago on . Most recent reply
Rookie service member
If anyone can give me their best advice on hacking/any real estate strategies in general or more specifically how to use my military benefits (active military) for different strategies I would very much appreciate it!
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#2 House Hacking Contributor
- Real Estate Agent
- Los Angeles, CA
There is so much advice to give, I recommend asking specific questions to each stage.
I would also look at your short term and long term goals. Where are you based out of?
Generally speaking, using the VA loan to buy multifamily is likely the way to go. You gain more doors (which allows you to spread risk, generate bigger cash flow, etc.) I would also get roommates on top of that. Keep in mind putting 0 down on a property isn't likely to cash flow. Otherwise general investors putting 20%-30% down would outbid you.
Real estate is a long term game and a lot has changed in the market. Be patient and go for the base hits, don't wait for the home run.