ADVICE/SUGGESTIONS/IDEAS

[Noel Peralta]

Hi everyone,

I am in a very unique situation. I moved to Dallas with 85K liquid, 30K in a Roth IRA, and my personal "MBA" program entails Wholesaling. I don't have a job and don't want one! I am a part-time Navy reservist who makes around $600 a month and I am jumping into wholesaling full-time with my partner. I don't have a monthly income every month, have a FICO of 715 and no debt. I pay $800 on monthly rent. I cannot use my VA Loan because I don't have a job.

Question:  what other creative financing would you use (since you all fine folks have "been around") to purchase a "Primary residence."  Thank you in advance!

[Bill Jones]

Hi Noel, If your paying $800 month for rent you can certainly afford to purchase a home...

Look for a Sub2 deal offer a minimum down and ask the seller to carry for 10 to 15 years most sellers will go for 5 years but it goes by very quickly....

Here in California and probably in Texas it's easy to find high end homes that OWC but the middle of the road deals take some time

Yes and thank you for your service.... check out my post for how to do Sub2s protecting the seller and buyer