Want to start investing in San Antonio TX

[Shawn C.]

Hi BP!

I’m in my mid 40s. I am an FTE working in technology management for a large financial services company. I’m also a real estate broker on the side but willing to give that up. Ultimate goal is to work for myself in 10 years or less.

Recently, a family knocked on my door and made me an offer on my permanent residence. They saw the Zillow listing from 2015 when they were looking at another listing on my street. I’m closing in October or November depending on when they sell their house (Sonoma Ranch so it should sell quickly).

I am joining BP for guidance on how to maximize the ROI on the equity from my hike as well as how to use my VA benefits to house hack while we search for our next permanent residence. I have many questions and would like to start networking with San Antonio investors.

We think the plan is to find an off market 3/2 in a class A neighborhood in the NW San Antonio area and use my VA loan benefits or Assumption? We'd live there long enough to meet owner occupancy rules and find another if rates are still low and use VA again.

I’d like to use as little of the equity from my current home because I’d like to keep it liquid in case new deals come.

I’ve passed on a few deals before because I didn’t have cash.

I’d really like some help marketing and understanding all the types creative financing to scale.

Looking forward to networking.

Shawn Chervinskis

[Dave Spooner]

@Shawn C. Congrats! Sounds like you've got some exciting stuff brewing.

I'm no expert on it, but I believe you can get a VA loan with no money down. It's one of the few loans out there with such generous lending terms so bask in your advantage! If you pay down 5%, it does reduce the VA loan fee though, so if you can manage that amount, it will save you money.