Intro and Question

[Jesse Tegtmeier]

Hi everyone! I'm really excited to have found BiggerPockets. I've been out of the REI game for a while and I'm excited to get back into it. My profile tells a bit about me but I'll repeat the highlights.

I am a recently retired US Marine. I working in the home improvement/repair field. I would REALLY like to be improving my own real estate in the Milton, Navarre, or Pensacola FL area.

Here's the question: I have been turned down for a mortgage because "I haven't been in my current business for 2 years..." Can someone advise me on alternative financing? I guess I need to look into hard money financing but I have never dealt with that and know nothing about it.

I will continue to read, listen, network and learn.

This seems like a GREAT community of people, I'm happy to be here!

[Marcia Kichler Schuffman]

Hey Jesse!

We have a couple of rental properties in Pensacola and will be moving down there in about a year. Nice to meet you and thank you for your service.

Regarding funding, have you tried VA loans-have you contacted USAA? Also, Bank of America announced recently that they are doing 3% down: https://shar.es/1dEazS

Here are some other ideas-coming straight for BiggerPockets podcasts & other educational materials:

a)  loans on your whole life insurance policies

b) partner with people

c) rent to own

d) if you currently own a property, can you get a home equity loan? (See B)

Make sure to have your financial documents available.  When I was listening to the Thursday online BP webinar, Brandon mentioned having this information organized & available will help in every way with financing-whether you're going for hard money, a partnership, or bank loan.

If they have MeetUp groups in Pensacola for real estate, attend the meetings.

I hope this helps! MAKS