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Updated over 6 years ago on . Most recent reply

User Stats

7
Posts
3
Votes
Joseph Arriesgado
  • Real Estate Professional
  • San Diego, CA
3
Votes |
7
Posts

Refinance and other ideas.

Joseph Arriesgado
  • Real Estate Professional
  • San Diego, CA
Posted

Good Afternoon Everyone!

Is this possible?

I am active duty military and I have used my VA FHA Loan and I know mostly how it works.

My question is if its possible, what if I convinced other people retired/active to use their VA Loan under their name and give them the money to rehab and then refinance it under my name (obviously splitting a percentage). The idea is to invest in other states while I am stationed in San Diego. I have heard about Tenant in Common or is there anything else?

Thanks in advance for the advice!

Most Popular Reply

User Stats

355
Posts
196
Votes
Kenneth Donaghy
  • Real Estate Broker
  • San Diego, CA
196
Votes |
355
Posts
Kenneth Donaghy
  • Real Estate Broker
  • San Diego, CA
Replied

Hi Joseph, I just held a meeting today regarding very similar topics with VA lending specialist. Right now we are forming a team of like minded individuals. We should connect!

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