2nd SFH using the VA assumable loan

[Christian Rafael Gongora]

Investment Info:

Single-family residence buy & hold investment.

Purchase price: $245,000
Cash invested: $15,000

Contributors:
Keith Andrews

6802 Sabinal was my second purchase. This property was introduced to me by my wife's amazing father, Keith Andrews, who is also an investor, realtor, and BRRRR mastermind. He introduced me to the not so known, "VA assumable loan." I was able to Assume this 250k property off of another active duty service member who was PCSing and falling behind on his payments. So we offered a VA assumable loan in which I Assumed his mortgage while getting a killer interest rate of 3.25%! Every investor knows that a 3% rate will most likely never be seen again in our lifetime, so this SFH will be a cash cow for years to come!

What made you interested in investing in this type of deal?

I wanted to find a 2nd property to invest in that will cash flow greatly for the rest of my life

How did you find this deal and how did you negotiate it?

Keith Andrews found this deal for me in San Antonio Texas while living all the way in Colorado Springs!

How did you finance this deal?

VA Assumable Loan

Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?

For anybody living in the Colorado Springs area, Keith Andrews is and should be your only guy to work with!