I am currently in the military amd have two kids and a wife I will be getting out in a year and a half right now I am renting and paying a lot I am thinking about buying a house in California and staying there for the rest of my contract with the Navy so that way I can get my first property to eventually be my first single family rental I want to use the va home loan to do it so that way after I get out  of the Navy I can rent that house out and after I get out stay with my brother up in Washington for alittle get settled into my new job as an electrition while renting that first property out get another property through the va home loan do you think this is a good plan and I am allitle scared to start this process because I am in a decent amount of debt from cars and credit cards and it scares me to put myself in more debt 

If I buy a car for business, and finance the loan, the interest I pay the bank is a valid business expense.

But thats’s Obviously wrong  they have less cash flow but more income  If you own any rental properties pull out your tax form and you’ll see you were wrong this time  but thanks for asking instead of being a jerk about it  In regards to my business, I’ve never sold a home, or any property more valuable than a car for that matter, in my life.

I currently have my "extra" money wrapped up in a classic car restoration that will be worth $40k-$60k when finished.

[despite everyone telling me that as an investor I need to assemble a great "team" to handle all this stuff for me]   And also make sure you're aware of all deductions available to you because some accountants may just assume you know and will provide to them....for example, when I moved to a no-income-tax state and got a new supposedly highly-recommended accountant, he never told me I could deduct certain sales taxes (new car etc).Would love to find an accountant like @Natalie Kolodij that would actually sit down and walk through taxes with me every step, but that has been hard to find, at least for a reasonable price. 

Purchase price: $260,000 Cash invested: $65,000 Beautiful and quiet upstairs unit with open floor plan and vaulted ceiling for RENT.Spacious 1 bed, 1 bath home, lots of storage and full-size laundry in unit.Large kitchen with natural light, Jack and Jill bathroom, private deck off living room.Large bedroom, park-like views.1 car detached garage and 1 dedicated parking space.

Plans on selling his car , using his tax refund n “a few checks “ as he puts it , to come up when the arrears payments.

The seller extended the ADU by constructing additional square footage on the detached ADU (currently, a studio)  while retaining the existing 2-car garage.

yes it most definitely is a struggle and grind but as you already know ,it becomes the new normal after doing it day in day out. reading rich dad poor dad was the best turn I have ever made . my friends and family are not sure what to thing  lol I went from have big lifted trucks and toy and of course big high payments to go with them all. to a small payed off car . 

Purchase price: $239,000 Cash invested: $59,750 1800 s.f duplex, each with one car garage built in 1979.