Skip to content
×
Try PRO Free Today!
BiggerPockets Pro offers you a comprehensive suite of tools and resources
Market and Deal Finder Tools
Deal Analysis Calculators
Property Management Software
Exclusive discounts to Home Depot, RentRedi, and more
$0
7 days free
$828/yr or $69/mo when billed monthly.
$390/yr or $32.5/mo when billed annually.
7 days free. Cancel anytime.
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Creative Real Estate Financing
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated almost 3 years ago on . Most recent reply

User Stats

5
Posts
1
Votes
Joshua Jamerson
1
Votes |
5
Posts

Trouble taking that step into the real estate world

Joshua Jamerson
Posted

Good morning everyone, 

My name is Joshua. I am fairly ne to the biggerpockets site, but been following bigger podcast for a while. I am finally ready to take the next step, which is putting what I've learned in action and purchasing my first property. As many podcasts and articles I have read and listen too, I am still afraid to take that next step and need guidance. I am A US vet with little to no money, and would love to change my circumstances with your guidance. If you have any tips for me please contact me.

Have a good day,

Thank you  

Most Popular Reply

User Stats

19
Posts
10
Votes
Replied
Quote from @Joshua Jamerson:

Thank you. That's the idea I had in mind. However when it comes to the Va loan or FHA loan, its a chase I have to put a deposit down. Which I am afraid of, due to my current cash flow. So if that was to happen, I would have know choose but to get a investor? Or just wait it out until I have that deposit?


Joshua, With the VA loan your down payment should be zero down, and you may be able to waive you VA funding Fee. Just ask different lenders. As far as closing cost, you could possible help the Seller to help you by offering above list dollar for dollar too match what the estimated closing cost would be. Best course of action I believe is to shop lenders that are very familiar with the VA process and get an Agent that can negotiate at a high level.

Loading replies...