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Updated about 3 years ago on . Most recent reply

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Joshua Jamerson
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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  

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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.

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