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Updated over 6 years ago on . Most recent reply

User Stats

21
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3
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Michael Flood
  • Dallas, TX
3
Votes |
21
Posts

Looking for real estate mentor

Michael Flood
  • Dallas, TX
Posted

Hello everyone, I am looking for a mentor that is interested in helping a 29 and 30 yr old.

Unfortunately there is no financial incentive at this point but we are both reasonably well connected in DFW and SD/SF, California...

Essentially looking for someone that wants to help people and pass on the knowledge that others have passed on to them.

Both of us have graduate business degrees (not sure that’s worth much in real estate)... and both of us are in technology And one of us is former Marine officer.

Appreciate anyone that may be interested in connecting!

Most Popular Reply

User Stats

108
Posts
66
Votes
Bo Goebel
  • Rental Property Investor
  • Nashville, TN
66
Votes |
108
Posts
Bo Goebel
  • Rental Property Investor
  • Nashville, TN
Replied

William Blue

Some basics about VA loans-

VA loans can get you up to a 4 unit property ( SFH, duplex, tripled or quadplex) so long as you intend on living in one unit on that property for at least one year. (If you live in it for 2 years or more you can sell it without paying capital gains on your profits)

There is a maximum amount you can purchase, depending on location, but is typically about $450,000.

Also, you can only have one (or possibly two) VA loans active at the same time. The intention is to Provide a home to vets and their families, not to provide 0% down lending to borrowers. So you can’t continue to stack up investment homes by using this entitlement. But man is it a great way to get started.

Please feel free to reach out to me personally if you would like to discuss anything more. Good luck.

  • Bo Goebel
  • Loading replies...