New investor - no capital but want to BRRRR
Hi all, I'm an Air Force Veteran and now school teacher. Want to pick up a new challenge of doing the BRRR cycle to a property each summer while i'm off. As of right now, I don't have an capital but we are blessed to make above 200k gross, hoping that can offset me not having available capital.
Really looking for advice or a direction of how to get my first loan without any capital if that is an option? I'm very "green" but have been doing my due diligence in this process.
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Aaron Zimmerman
Tax & Financial Services
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I'd build up your cash position first. With $200k, you should be able to relatively quickly. From there, I'd consider house hacking with a VA loan. Get your personal house in order first and make sure to have savings. Real estate is not get rich quick game.
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